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The world of blockchain, NFTs, and crypto is changing at a rapid pace.
A number of platforms come into existence every day and there is a lot of noise in the market. This makes it challenging to find NFT developers who can deliver your business goals.
Despite the presence of platforms like Upwork, Toptal, etc., hiring expert blockchain developers at affordable rates becomes challenging because of the huge demand. Moreover, firms struggle to find candidates who can fit their culture.
DistantJob has years of experience in recruiting remote developers. Our team has a robust database of experienced and skilled developers and our headhunters are always on the lookout for new talent.
Once you share your requirements with us, we ensure that we shortlist developers who are not only experienced but also a culture fit with your organization.
An NFT developer works with blockchain technology to help businesses implement and scale non-fungible tokens (NFTs) in various applications.
This can be in the form of developing smart contracts, creating digital assets, building NFT marketplaces & platforms, and working with other possible applications of the blockchain.
NFT experts usually work at the intersection of cryptography, blockchain technology, NFT mining, web development, and database management.
An expert NFT developer knows how to make NFTs on popular blockchain platforms like Ethereum (ETH), Flow, or Solana. Depending on the business application, these NFTs can be digital collectibles, video game items, sports moments, etc.
NFT engineers should be familiar with research, analysis, design, and development of blockchain architecture and systems. This includes knowledge of technology, networks, decentralized applications, and consensus protocol.
NFT marketplaces are platforms where one can trade NFTs. If your project involves creating a marketplace, you must hire NFT developers who have experience in planning, designing, and building a custom marketplace for NFTs on the blockchain.
Smart contracts are an essential functionality of many blockchain based business applications. They are a set of code containing actions that are automatically executed once pre-determined conditions are met. NFT engineers are responsible to create these smart contracts on the suitable blockchain.
Security is the key feature of blockchain technology. NFT experts must know how to build robust and compliant blockchain systems. This requires knowledge and implementation of cryptographic mechanisms like hash functions and digital signatures.
Experienced NFT developers should stay on the bleeding edge of the crypto and blockchain world. They should know how to modify and maintain current systems so that they function well with the latest updates when new technologies are seamlessly integrated into the blockchain network.
NFTs can be built from scratch or be put on top of an existing blockchain. The costs for the developer will depend on the complexity and volume of your project, as well as the time it’ll take to complete it.
It also depends on the expertise and location of developers. For example, according to Glassdoor, the average annual salary of a blockchain developer in the US is around $109,766 whereas, in the UK, it is around $59,300.
However, if you seek in locations such as South America, the salary of an NFT developer decreases. In countries like Brazil, Colombia, and Argentina, hiring an NFT could cost you between $70,000 to $95,000 per year. Similarly, in Eastern Europe, the annual salary ranges between $80,000 and $98,000.
This is the most popular way at present for brands to adopt NFTs. You can create digital collectibles or make NFT twins of physical products to sell in virtual worlds like Zepeto. Some examples of such brands include names like Ralph Lauren, Nike, and Dolce & Gabana.
You can mint branded NFTs to give exclusive access to private events, communities, or any other new offerings to your loyal customers. Moreover, like Times Magazine, you can use Proof of Attendance Protocol (POAP) to give special, limited-edition NFTs which people can acquire through a secret word given out during your event. They can use these NFTs to unlock more exclusive experiences.
Due to blockchain, all NFTs give a greater control over your digital art collection, documents, or any digital asset. You can transfer it across borders without any red tape. You will also have greater control over the licensing rights for your videos and soundtracks as well as their pricing tiers.
You can also use NFT technology for micro-sponsorships with a unique philanthropic dimension. You can do this via an inbuilt smart contract that can get executed to contribute a portion to any charity. For example, Budweiser did a similar thing with their Royalty NFT project where they supported and sponsored 22 rising musicians by dropping a collection of 11000 NFTs.
NFTs allow your business to assign unique identifiers (digital signatures) to your customers. This can eliminate a lot of paperwork and documentation and can make the verification process quick and seamless. This can be extremely useful in industries like real estate and automotive where a majority of business operations require substantial paperwork.
Due to the underlying technology, NFTs can help authenticate products and verify their origin. This ensures that your supply chain data is authentic and can help you eliminate counterfeiting as well. This is a huge application of NFT for luxury fashion brands as well as sustainable brands that want to track the use of recyclable materials in the supply chain.
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