NFTs that contain artworks digitized with blockchain technology have been causing a mania since the second quarter of 2021. These digitized works seemingly came out of nowhere, and now, some of the biggest companies in the world are looking into how to better use NFTs.
Reddit Joins The Game
By the end of last week, Reddit hinted at a launch of a new NFTs-backed platform, publishing job recruitment on Greenhouse.
The post refers to the Senior Back End Engineer position for the platform which supports NFTs selling-buying and creation. The qualified candidate is required to have at least 5-year experience in backend development experience and cryptocurrency knowledge.
The job description pointed that:
“If there is one thing we’ve noticed with NFTs, they too have an incredible power to create a sense of participation and belonging. With every new NFT project, a vibrant community of owners pops up with it. 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.”
While major crypto exchanges are launching and developing their own NFTs marketplace, notably Binance, Coinbase, and FTX.US Social media networks are also working to support the technology.
Previous releases have involved Facebook, Twitter, and Tik Tok joining the force and showing strong interest through their future plans and collectibles. Reddit is making sure that it is not the outsider amid the hype.
In fact, the American social news aggregation-discussion website/forum is always one of the blockchain supporters. Alexis Ohanian, the co-founder of Reddit, is well-known to be NFTs and Ethereum devotee.
Real-world Entry To Metaverse
NFTs can represent anything, including music, art, Twitter tweets, and, more recently, in-game items. There have been NFTs found that is worth more than a million dollars. Some believe the NFT has reached its peak after more than a year.
GameFi and NFTs combination has made remarkable milestones. Many games, many works have been released with a value of up to millions of USD and the community is expanding.
The NFTs market is expected to grow even more in the future when the digital technology trend is getting more and more attention. NFTs are proven that they can go beyond the expected initial potential, laying the groundwork for the concept of the metaverse.
Following the introduction of TicketMint – a new blockchain-based ticketing system that is under development, the project’s team SmartLedger announced today blockchain distribution channel will partner with TonicPow, Transmira, and Epik to empower the coming launch of the platform, including virtual marketing campaigns and “unique collectible NFT tickets.”
One major highlight of the announcement is the strategic collaboration with Transmira, in the firm’s efforts to activate the next-generation Internet – Metaverse. As part of the partnership, TicketMint will bring the real-world entry to metaverse with the XR Metaverse platform Omniscape.
Throughout history, humans have had aspirations of discovery and conquest that have driven them to push their boundaries. However, with many technological barriers and limited financial or resource resources, we will be unable to meet all of these needs in a timely manner.
Currently, with the rapid advancement of the Internet and technology, it appears that we have discovered a new solution to the aforementioned problems, which is to use Metaverse.
We can have completely unlimited experiences and discoveries in a true Metaverse while waiting for technology to develop to experience reality.
It’s no surprise that the Metaverse has so much potential. In addition to meeting real-world needs, it must also capture the attention of the big boys – organizations with vast resources to realize such a grand vision.