The world’s largest video streaming platform, YouTube, is reportedly looking for new revenue streams for the platform’s growing number of content creators. In today’s letter to the YouTube community, the video streaming giant’s CEO, Susan Wojcicki, suggested that non-fungible tokens (NFTs) could offer creators a way to effectively monetize their work on the platform. .
Key points to remember:
- “We’re still focused on expanding the YouTube ecosystem to help creators take advantage of emerging technologies, including things like NFTs, while continuing to strengthen and improve creator and fan experiences on YouTube. YouTube,” Wojcicki wrote.
- Wojcicki isn’t exclusively interested in NFTs, but said YouTube actively looks to the Web3 sector “for inspiration” and is also intrigued by the potential of Decentralized Autonomous Organizations (DAOs).
- The letter did not include any details or timeline regarding the launch of NFTs on the YouTube platform.
- Renewed interest in NFTs, surging sales and growing numbers of registered users contributed to OpenSea, the world’s largest NFT marketplace, having its best month yet in January 2022.
David is a crypto enthusiast and personal finance expert. He has created numerous publications for different platforms. He loves exploring new things, and that’s how he discovered blockchain in the first place.
