According to the Exec, YouTube strengthens the NFT integration
According to the Exec, YouTube strengthens the NFT integration
- CEO Susan Wojcicki said last month that NFTS could be another source of income for developers
- The YouTube competitor Meta is reportedly integrating NFTs into its platforms
YouTube explained its NFT plans (non-fungable token) for 2022 in a Blog entry On Thursday, that the crypto assets could have a great advantage for their creators.
Neal Mohan, Chief Product Officer of the video hosting platform, said that NFTS had "an incredible potential" and enable the developers to "make money in a way that was not possible before".
"We believe that new technologies such as Blockchain and NFTS can enable developers to build deeper relationships with their fans," said Mohan. "Fans, for example, offer a verifiable way to have unique videos, photos, works of art and even experiences of their favorite creators could be a convincing view for the creators and their audience."
YouTube CEO Susan Wojcicki said last month in a letter that NFTS could be another income reform for YouTuber. The platform has not yet given a schedule for its blockchain integration efforts.
Talks about the YouTube blockchain integration follow reports by the competitor Meta, who also integrates NFTs into its social media properties. The potential new functions would enable Instagram and Facebook users to present their crypto assets in their profiles.
The shares of the parent company of YouTube, Alphabet Inc., were traded by $ 2,813 at the time of publication.
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The contribution YouTube Doubles Down on NFT Integration, Exec Says is not a financial advice.
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