YouTube has launched new tools to make it easier for creators to monetize content.
NFT Tech Integration Tools for Creators
YouTube’s chief product officers, Neal Mohan, announced in a blog post that YouTube is exploring non-fungible tokens. This will enable content creators to make videos and sell them as NFTs to their fans, who will be able ‘own’ them.
“We believe that blockchain and NFTs are able to allow creators to have deeper relationships with their followers. They’ll be able collaborate on new projects together and make money in ways that weren’t possible before. Creators and their fans could find it appealing to offer a way for them to have unique videos, photos and experiences.
YouTube Explores Blockchain Tech
This announcement comes weeks after Susan Wojcick, YouTube CEO, spoke out about the integration of NFT technologies to improve the content production process for creators.
Mohan addressed in his blog post the difficulties faced by content creators when it comes to creating new content or understanding which content works best for their channel. Mohan stated that the team is looking at new ways to use Web3 tech, Blockchain, NFTs and the Metaverse in order to support its creator community and enhance the viewing experience.
Enhancing Viewer Experience
Mohan discussed in the blog the steps taken to improve viewer experience. NFT integration will allow viewers to “own” the content created by their favorite creators. Mohan teased viewers with the term “Metaverse”, hinting at new ways to consume content through virtual reality.
“Finally, let’s not forget the Metaverse. We are thinking big about ways to make viewing more immersive… It’s still early, but we’re eager to see how these virtual worlds can become a reality for viewers.
Criticisms against The Move
NFT is a hot technology that many companies are incorporating into their services and offerings. YouTube is a great example of a tech giant that adopts NFT. However, this can lead to criticisms and closer scrutiny. NFTs have been criticized for their negative environmental impact. YouTube’s parent company Google should be concerned about this as it claims to support environmental sustainability. YouTube creators are still confused about NFT ownership and copyright laws.
Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.