YouTube NFTs

YouTube very likely be planning to branch out into NFTs in the future as another source of revenue for creators.

Besides the published letter from YouTube CEO Susan Wojcicki that suggests this, there is no concrete information on what the company is planning.

The CEO announced that the company is looking to web3, an umbrella term for internet models built around crypto, as a “source of inspiration.”

If confirmed, Youtube may soon be allowing creators to sell NFTs directly to their fans.

“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,” said the company in a statement.

Additionally, the streaming platform plans to expand to other monetization opportunities in the coming year, such as podcasts and shopping features for its creators.

LEAVE A REPLY

Please enter your comment!
Please enter your name here