YouTube follows the likes of Twitter, Facebook and Instagram in exploring NFT. For its part, Google seems increasingly interested in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets.
The leading video website is considering expanding its service offerings to integrate tokens no fungibles (NFT).
YouTube owned by Google is exploring the possibility of integrating NFT features to potentially provide a tool for platform a place to buy, sell and store cryptocurrency creators to monetize their work. CEO Susan Wojcicki said in a letter Tuesday.
YouTube keeps a close refers to the closing price; similar to the same term used in stock trading. eye on NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). and Web3
According to a report in Bloomberg Wojcicki stated in the letter that the company was interested in “. expand the Youtube ecosystem “and that plans could include “ things like NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. “. The main focus of the platform would be to offer creators an alternative revenue stream to capitalize on their content.
We’re always focused on expanding the YouTube ecosystem to help creators take advantage of emerging technologies, including things like NFTs, while continuing to strengthen and improve the experiences creators and fans have on YouTube.
The letter also made mention of Web3, a concept that refers to an evolved state of the Internet that promises to be decentralized and will be built with the help of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and cryptocurrencies. The CEO said in this regard that the creators of YouTube are taking a close look at Web3 as a ” source of inspiration “.
In general, it seems that YouTube is closely following the latest developments within the decentralized ecosystem, as Wojcicki also mentioned other crypto-related trends.
“ The past year in the world of cryptocurrencies, non fungible in cryptocurrency, fungibility is when a coin or token can be replaced by any other identical coin or token. tokens (NFTs) and even decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans “wrote the CEO, as quoted by the media outlet Engadget .
Twitter, Instagram and Facebook pursue similar plans
While the CEO did not provide details about NFT’s plans, or the launch timeline, the announcement represents a milestone since it is the first time that Google a subsidiary of Alphabet makes a move into NFT space.
The statements come just a few days after a report revealed that Google has partnered with companies in the crypto industry Coinbase is an American company that operates a cryptocurrency exchange platform. y BitPay bitPay is a Bitcoin payment service provider. for a possible integration of cryptoassets into digital cards. The most recent news seems to indicate that the tech giant is finally opening up to digital assets.
YouTube is not the only social platform exploring NFTs. As reported by DiarioBitcoin Twitter recently rolled out a feature that allows users with paid subscriptions to verify NFT as profile pictures . The social network a network refers to all nodes in the operation of a blockchain at any given moment in time. had been working on the service since last year, when it also deployed a tipping capability with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. .
Also Instagram y Facebook properties of Meta are looking to develop features with NFT. After several months of rumors, the CEO of Instagram , Adam Mosseri, confirmó in December that the platform was “actively exploring “NFT integration. More recently, a report by Financial Times revealed that both networks are working on an NFT marketplace and other features .
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Article versioned by Hannah Estefania Perez / DiarioBitcoin
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