[ccpw id="39382"]

HomeCrypto NewsMarketOnline Video Sharing Platform, YouTube Plans To Adopt NFTs

Online Video Sharing Platform, YouTube Plans To Adopt NFTs

Date:

Written By:

In a recently published letter to Video creators, the video-sharing platform YouTube’s CEO Susan Wojcicki suggested the company is discovering the ways for NFT integration on its website. In this way, the company will add a new source of revenue for its creators.



“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,” the letter reads.

- Advertisement -

Wojcicki said YouTube is looking to Web3 “as a source of inspiration,” specifically noting the opportunities with crypto, decentralized autonomous organizations (DAOs), and NFTs.

However, a tech giant hasn’t revealed any additional details on what NFT features could look like at the company.

The announcement comes after an American microblogging and social networking service, Twitter, launched its First NFT feature by adding support for NFT Profile Pictures. The feature lets creators set an NFT as a Hexa-shaped profile picture which, when clicked, will allow others to learn more about the art.

Last week, Financial Times reported that the teams at Facebook and Instagram are also looking to add a feature similar to the one Twitter offers and are working on a particular part that would let users create and sell NFTs.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

More from Author

Latest Stories

Guides