Reddit Seeks Senior Backend Engineer for Undisclosed NFT Platform
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23 October
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Reddit might be working on a new product related to the industry of non-fungible tokens (NFTs). According to the new job post, the new hire will be responsible for building backend services for "millions of users to create, buy, sell and use NFT-backed digital goods."

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Reddit is seeking a senior backend engineer with 5+ years backend development experience with multiple parts of the backend stack, from databases to networking to efficient computing. The candidate should also have experience with cryptocurrencies and NFTs.

"Our team is a new and exciting, rapidly growing team that aims to build the largest creator economy on the internet, powered by independent creators, digital goods, and NFTs," the job posting says.

Reddit's Valuation Rises From $6 Billion to $10 Billion in Six Months

Last summer, Reddit launched its own ERC 20-based tokens which are used to reward users for contributing to the platform. The tokens, dubbed $MOONS and $BRICKS, are distributed to members of the /r/Cryptocurrency and /r/FortniteBR subreddits, respectively, as part of Reddit's new "Community Points" initiative.

The move comes after Sotheby's expanded its support of NFTs with the launch of the so-called "Sotheby’s Metaverse." The British auction house says the new platform allows users to view digital art available at auction. Sotheby's plans to sale a collection called "Natively Digital 1.2: The Collectors" from Oct. 18 to 26. The collection features 53 works from 19 NFT collectors.

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