YouTube Looking to Add NFTs in Ecosystem Expansion Efforts (Report)

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YouTube could be the latest platform to consider NFTs, as the sector continues to see increased growth and adoption.

The American video-sharing giant YouTube intends to go into the non-fungible token sector, as part of the company’s expansion plans.on Tuesday , YouTube CEO Susan Wojcicki, in an annual letter to creators, said that the company was looking for ways to help creators benefit from non-fungible tokens .

While Wojcicki did not give further details about YouTube’s NFT plans, the CEO noted that Web3 was a “source of inspiration.” The YouTube chief also stated that in 2021, NFTs and decentralized autonomous organizations gave more opportunities for creators and fans to connect.a new feature enabling users to verify their NFTs using profile pictures.that will allow users to create and sell NFTs.

 

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