YouTube looks for ways to enter the NFT segment

Deepak Gupta
Deepak Gupta January 26, 2022
Updated 2022/01/26 at 5:36 AM

You non-fungible tokens (NFTs) are reaching an ever-increasing audience, to take advantage of this, social networks are starting to take an interest in this novelty. after the twitter add support for these arts in your profile picture, the YouTube is another platform that is making it a priority for this year to bring support for this novelty.

Whoever says this is the CEO of the Youtube, Susan Wojickiin an open letter about the video streaming site’s expectations for 2022. In its text, Susan claims that the web3 has been a true source of inspiration for the company to continue innovating and adapting to new trends and technologies.

“Over the past year, in the cryptocurrency space, non-fungible tokens (NTFs) and even decentralized autonomous organizations (DAOs) have paved new, hitherto unimaginable avenues to increase the connection between content creators and their fans. We are always looking to expand the YouTube ecosystem to help creators capitalize on new technologies, including NFTs, while still developing and improving the YouTube creator and fan experience.”
– Said YouTube CEO Susan Wojicki.

Credits: Youtube Disclosure

Despite claiming that it will be bringing the NFTs for the platform, at no time is it suggested how this could happen, but, according to the company’s statement, this could be a new source of revenue for creators. As pointed out by Engadgetone of the possibilities is thecreators sell artwork from your channel directly to your audience.

If the platform allows this, it is possible that this will be a great incentive for these tokens to start being even more successful. the interest of Youtube goes against what seems to be a trend in social networks this year, with the Instagram also expressing interest in bringing NFTs to their social network.

THE twitter was the first major platform to adopt the novelty, allowing users to use their NFTs as a profile picture, including creating an exclusive frame for these arts.


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Source: Engadget, Youtube

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