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An innovative tech firm in the NFT space seeks a Lead Developer to design and implement NFT protocols and manage the development team. The role involves aligning tech with business strategies, writing technical specifications, and ensuring robust code quality. Ideal candidates will have web3 and DeFi experience and strong mathematics skills. This remote opportunity requires availability compatible with France's timezone and offers a competitive package, including equity in a promising and rapidly growing market.
As the NFT market continues to grow to reach $300bn by 2030 (digital identity, gaming, tokenized real-world assets, decentralized IP, etc.), there is a multi-billion dollar opportunity in building an options and derivatives market for NFTs - which does not exist yet. In comparison, in TradFi, options trading surpassed $6T this year (vs. $17T for equities trading). Options are a great financial tool for being exposed and speculating on an asset without owning it and is the next growth area for NFTs.
NFTs are a new asset class with a set of challenges when it comes to creating options - like the low liquidity, the pricing, and the partial non-fungibility. Some companies are trying to build derivatives on floor prices but this approach means relying on an oracle which means price manipulation is possible. There is a booming NFT financialization landscape, and we aim at taking the lead on options, with an approach radically different from other companies in the landscape - by using a physical delivery of the NFT at the option closing, instead of relying on floor prices. Typically our platform would allow:
Our first product is a peer-to-peer marketplace allowing NFT traders (400k active users/month) to bet on the rise and fall of NFT collections floor prices, with no oracle needed. Bears will be able to short collections (for the first time without manipulation possible) while Bulls will be able to buy discounted NFTs. The product is designed for simplicity and fun and is based on the feedback of 10s of NFT traders, that are impatiently waiting for the product release.
We start by targeting the active and engaged community of NFT power traders, who are currently looking for new solutions to make profits during the bear market - the old recipe (flipping, holding) not working anymore. We have a compelling value proposition for them, allowing seamless shorting and hedging. As we attract more users, we will iterate on our product to enable more parameters, launch new features and a dedicated desk for professional investors (defi institutions, NFT funds, market markers, etc.).
Closing pre-seed round with tier-1 cryptonative funds and top influential NFT and DeFi traders.