In a job posting for a senior engineer, the social media giant said that a “rapidly growing team” was looking to build “the largest creator economy on the internet.”
Updated May 11, 2023, 4:02 p.m. Published Oct 22, 2021, 7:58 p.m.
Add Reddit to the list of big brands entering the non-fungible token (NFT) market. The social media site intends to build an NFT platform for buying and selling crypto collectibles, the company tipped in a job posting.
- In the posting for a senior engineer, Reddit noted “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. We are looking for strong engineers and leaders to help us seed the team, set its strategy and build for the future.”
- The initiative comes amid NFTs’ skyrocketing popularity that has spurred a wide array of companies to kickstart different initiatives. Earlier this month, crypto exchanges Coinbase and FTX.US have said that they are building NFT marketplaces.
- Reddit said that it was looking for someone who could “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.”
- Reddit’s platform draws 430 million monthly visitors for news updates and widely read discussion threads.
- Reddit noted in the posting that “fans of today’s biggest creators and brands are now flocking to buy digital goods directly from them – to support them, to gain exclusive access and to feel a greater sense of connection with them. Over time, we believe this will only grow.”
Read more: Reddit Rolls With Arbitrum to Scale Its Ethereum-Based Community Points System
More For You
Protocol Research: GoPlus Security
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Canton Network Creator Snags Strategic Investment from Wall Street Giants
BNY, Nasdaq, iCapital and S&P Global invested in Digital Assets, powering blockchain infrastructure for tokenized real-world assets.
What to know:
- Digital Asset, the blockchain firm behind Canton Network, received strategic backing from BNY, Nasdaq, iCapital and S&P Global.
- The investment signals growing demand for regulated, interoperable blockchain infrastructure among legacy financial firms.
- The Canton Network now supports over $6 trillion in onchain assets across 600 institutions.