YouTube could be the next tech giant to tackle NFTs

YouTube is considering participating in the NFT. The mystery is still complete as far as the implementation of this thing is concerned.

Recently, we can only observe a huge increase in the popularity of NFTs. For those who may not know, NFTs are digital assets that can be bought and “acquired” using blockchain technology acting as proof of ownership, such as a digital receipt. This is unlike today’s digital content, where anyone can save a photo or take a screenshot, and then it will be difficult for the creators to prove that they are the rightful owners. YouTube wants to be.

YouTube Considers NFT Participation

While NFTs have indeed grown in popularity, their support is still quite limited. However, this may change as more and more companies start operating. YouTube will be the next tech giant to show interest. Anyway, that’s what YouTube CEO Susan Wojicki is suggesting.

The mystery is still complete as far as the implementation of the thing

In the letter, Susan Wojicki reveals that YouTube is looking into NFT as a way to improve the experience for creators and subscribers on the platform. “We remain focused on expanding the YouTube ecosystem to help creators take advantage of new technologies, including NFT, while continuing to strengthen and improve the experience creators and subscribers have on YouTube.”

Susan Wojicki didn’t elaborate on how the company is going to implement NFT, but just watching a company as big as YouTube implement NFT could clearly help the technology take off. YouTube is not the first tech giant to show interest. A previous report said that Facebook and Instagram are also looking into this issue. In the meantime, Twitter has already implemented a feature that allows users who subscribe to Blue to use their NFTs as their profile picture.