YouTube CEO Hints at Potential NFT Integration

Blockonomics
YouTube CEO Hints at Potential NFT Integration
Bybit


Key Takeaways

Today, YouTube CEO Susan Wojcicki published a letter outlining the company’s priorities for 2022.
According to the letter, YouTube closely watches the Web3 space as a “source of inspiration.”
The company is also exploring adding NFT features to provide an additional source of revenue to its content creators.

Share this article

YouTube CEO Susan Wojcicki revealed today that the company is looking into NFTs as a possible way to help content creators capitalize on emerging technologies.

YouTube May Integrate NFTs in 2022

Web3 is teaching YouTube lessons.

In a letter published today, YouTube CEO Susan Wojcicki revealed that the company is exploring adding NFT features in order to potentially provide its content creators with another source of revenue. She said:

Minergate

“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”

She also added that YouTube has been “following everything happening in Web3 as a source of inspiration,” specifically noting the opportunities that crypto, decentralized autonomous organizations, and non-fungible tokens have made available to creators.

The statement on Web3 and NFTs was part of Wojcicki’s letter to the YouTube community outlining the company’s priorities for 2022. Besides the potential NFT integration, the company is also looking to expand more into the gaming, shopping, learning, and podcasting niches.

Even though Wojcicki didn’t share any specifics concerning YouTube’s potential foray into NFTs, it marks the first time Alphabet Inc., the parent company of Google and YouTube, is getting involved in digital collectibles.

Several other content sharing and creation companies have already jumped on the trend. Meta-owned Facebook and Instagram are reportedly already exploring NFT integrations as part of the conglomerate’s expansion into the Metaverse. On the other hand, Twitter has allowed NFT collectors to verify and display their digital collectibles as hexagonal profile pictures on the platform.

Wojcicki’s letter also signals a potential change of heart towards the crypto industry for the company. Namely, the world’s largest video streaming platform had previously gained notoriety amongst the crypto community for censoring and deleting the channels of many crypto influencers on the platform, including Ivan on Tech, Bitboy, Pro Blockchain, Tone Vays, and others.

Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

YouTube Algorithm Continues Crypto Censorship

Crypto YouTubers are under fire from an overzealous censorship algorithm. Ivan on Tech, Pro Blockchain, and BitBoy all reported another round of strikes on seemingly innocuous videos. New Round of…

Despite Crypto Bans, YouTube Now Shows Scam Ads Asking Users to Send B…

YouTubers have reported seeing fake BTC giveaway ads pop up while watching content on the streaming platform. Many users, especially those in the crypto community, are angry and confused as…

Audience Survey: Win A $360 Subscription To Pro BTC Trader

We’re doing this because we want to be better at picking advertisers for Cryptobriefing.com and explaining to them, “Who are our visitors? What do they care about?” Answer our questions…

Twitter Launches NFT Profile Pic Feature

Twitter has launched its long-awaited NFT profile picture feature for Twitter Blue subscribers. The feature allows users to link their NFT collection to their Twitter profile and obtain a hexagonally-shaped…

Facebook Changes Company Name to Meta, Plans NFT Support

Mark Zuckerberg has announced that Facebook will change its company name to Meta, though the company’s signature social media platform will retain the name Facebook. The company’s shares are set…



Source link

Fiverr

Be the first to comment

Leave a Reply

Your email address will not be published.


*