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YouTube to expand into NFTs

Neal Mohan, the streaming site’s chief product officer, said changes would allow fans to “own” creators’ videos

YouTube elaborated on plans to use emerging technologies, often referred to as Web3, suggesting on Thursday that they could cut fraud in the fast-growing digital art market and even allow fans to “own” content. 

In a blog post, Neal Mohan, the streaming site’s chief product officer, said that Web3 technology “opens up new opportunities for creators,” and will allow them to develop deeper relationships with their fans.

“Giving a verifiable way for fans to own unique videos, photos, art, and even experiences from their favorite creators could be a compelling prospect for creators and their audience,” the blog said. 

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YouTube also suggested they could make NFTs safer bets by introducing verification tools within its video library. NFTs, or non-fungible tokens, are cryptographic blockchain assets, which have been racked by copyright theft and other predatory behavior.

It is unclear what YouTube means when suggesting that fans could “own” NFTs, as the tokens do not inherently transfer copyright to owners. 

NFTs also have environmental downsides, as the amount of energy required to mint an item on the blockchain is massive. Estimates suggest that the average NFT has a carbon footprint equivalent to the average EU citizen’s monthly carbon output.

YouTube’s parent firm, Google, “aims to be the first major company to operate carbon free.” Incorporating NFTs into YouTube’s offering may compromise these objectives.

The world’s largest streaming service also said it was exploring ways to incorporate the growth of the Metaverse into its operations but remains unsure as to how that would look.

Mohan envisions their Metaverse interaction will focus on “gaming, where we’ll work to bring more interactions to games and make them feel more alive.”

source: RT




Împotriva articolelor redacției noastre, persoanele nemulțumite pot formula Contestație în termen de 10 zile de la publicarea articolului, la judecătoria Orășenească nr. 1 München Bayern Deutschland, in conformitate cu Legea federală Germană. Considerăm că nu se pot formula acțiuni la instanțele din România deoarece nici o persoană care activează în trustul nostru nu poate fi extrasă de sub jurisdicția federală germană. Considerăm că redacția noastră nu răspunde în fața autorităților din România ci doar celor federale sau civile germane. deoarece legea română nu are efecte de extraneitate asupra redacției chiar dacă subiectul știrilor face obiectul unor evenimente sau persoane din România și sunt scrise în limba română. Limba română nu este izvor de extraneitate a legii.

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Marius Leontiuc
absolvent WEB DESIGN Academia Britanică de Comunicare Iasi - absolvent COMUNICARE IN AFACERI Academia Britanica de Afaceri si Comunicare -absolvent JURNALISM EDITORIAL - London School University - 2019 inscris la echivalare diploma la Universitatea Politehnica Timisoara - absolvent studii de Drept Universitatea Europeană Drăgan, cursuri in Drept la Universitatea de Vest Timisoara, absolvent studii de proiectare, pastor coordonator in Biserica Protestanta Evanghelica, Android Developer pe Google Play și plugin developer la Oxwall, creator de teme Wordpress și Oxwall, operator Wordpress, Drupal, Oxwall, Osclass, Moodle, tehnologii HTML și PHP
http://www.leontiucmarius.wordpress.com/cv

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