Cryptocurrency prices recently surged after former President Trump’s surprise announcement that the U.S. government plans to purchase and hold various digital assets in a strategic reserve fund. While debates continue whether this is a smart move or not, one thing is clear – blockchain is becoming increasingly popular in tech circles.
While many people associate blockchain only with cryptocurrency, that’s just one of its many uses. Another fast-growing application is non-fungible tokens, or NFTs. In fact, NFTs have gained massive popularity in recent years, with the market size reaching an estimated $26.9 billion in 2023. Further, the market is projected to grow at a CAGR of 34.5% between 2024 and 2030.
With this rapid growth, more companies have started looking for skilled NFT developers for hire to bring their digital asset projects to life. If you’re thinking the same, it’s important to first understand what NFTs are and what skills to look for in a developer. We’ll cover these basics in the next few paragraphs – before diving into why mastering blockchain security is a must for any NFT developer.
What is NFT?
An NFT, or non-fungible token, is a unique digital asset that can’t be swapped one-for-one like money or crypto. Think of it like owning a car or a house – each one is different and has a single owner.
Unlike cash or cryptocurrencies (which are fungible and can be exchanged equally), NFTs are non-fungible. That means you can’t just trade one for another like you would with a dollar bill or a Bitcoin.
Here are a few things that make NFTs stand out:
- You can’t split them like you can with cryptocurrencies.
- They’re not interchangeable- each NFT is different and can’t be swapped evenly.
- They’re authentic – every NFT has a clear owner, and its details are stored on the blockchain using smart contracts.
- They can be traded or resold – and sometimes people make good profits doing so.
With all these unique features, it’s no surprise that NFTs are getting so much attention. But before you hire an NFT developer, it’s important to know which blockchains are best for building these tokens.
Blockchain Used by Most NFT Developers for Hire
A blockchain is basically a digital ledger that keeps a record of transactions. But instead of one central place storing all the data, it’s spread out across many systems – making it more secure and transparent. This setup also makes it great for running smart contracts without needing a middleman.
Now, while blockchain development is in high demand, not every blockchain is built to support NFTs. Some just don’t have the tools or features needed to create and manage them properly. If you’re thinking of getting into NFT development or hiring someone who does, here is a top blockchain to focus on – and the skills developers need to work with them.
Ethereum (ETH)
Ethereum is hands down the most popular blockchain for building NFTs. It has a huge community of developers, which means it’s easier to get support, fix bugs, and keep adding new features. You can easily find NFT developers for hire who build using Ethereum and you can sell those NFTs on the NFT marketplace.
Tech Skills to Look For
If you’re planning to hire NFT developers to work on Ethereum, there are a few key skills they absolutely need to have:
Cryptography Basics
The developer should really understand cryptography – it’s what keeps NFT transactions secure. They should know how to create and verify digital signatures and be familiar with terms like hash functions, private key encryption, ring signatures, encrypted storage, and zero-knowledge proofs. Sounds technical, but it’s all about protecting data and making sure everything is secure.
Web Development
Since most Ethereum-based dApps run on the web, the developer should have solid front-end skills- think HTML, JavaScript, and CSS. These helps bring the NFT platform to life and make it easy for users to interact with.
ERC-721 Token Know-How
Most NFTs on Ethereum are built using the ERC-721 standard. So, the developer should be comfortable working with it and understand how it works, where it’s used, and how to implement it in real projects.
Solidity Experience
They should also know Solidity- the go-to programming language for writing Ethereum smart contracts. Bonus points if they’ve worked with tools like Truffle, which helps streamline the development process.
Why Should NFT Developers Master Blockchain Security?
Blockchain has completely changed the way we store data, make transactions, and build trust online. At its heart, it’s just a digital ledger that’s decentralized and can’t be changed, making it super secure and transparent.
But here’s the thing: even though blockchain comes with built-in security, developers still need to understand how to protect the apps they build on it. Knowing the basics of blockchain security is a must if developers want to stay ahead of any potential risks.
NFT developers must master blockchain security to safeguard user assets, ensure the integrity of NFT marketplaces, and maintain trust in the technology, as NFTs are stored on the blockchain and ownership is controlled by private keys, making security breaches potentially catastrophic.
Final Words
As NFTs continue to shake up the digital world, it’s clear that demand for skilled NFT developers for hire isn’t slowing down anytime soon. From gaming and art to real estate and identity verification, NFTs are finding new use cases every day, and businesses want in. But here’s the catch: building NFTs isn’t just about making something cool and digital. It’s about building something secure.
If you’re planning to launch an NFT marketplace or integrate NFTs into your platform, hiring developers who understand blockchain security isn’t optional, it’s essential. Without proper security practices in place, even the most creative NFT projects are at risk of hacks, data leaks, or worse.
That’s why it’s important to hire web developers who are not only fluent in Solidity and smart contracts but also have a solid grip on cryptography and blockchain fundamentals. And guess what? You don’t need to go through the hassle of hiring in-house.
Remote Resource connects businesses like yours with expert remote workers– whether you’re building an NFT project from scratch or just need extra hands to scale your team. Our pre-vetted developers have hands-on experience with Ethereum, NFT standards like ERC-721, and all the tech skills needed to bring your idea to life- securely.
Want to see the difference for yourself? Try us out with our one-week free trial and get matched with top-tier remote talent that fits your project.
