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YouTube wants to introduce NFTs to allow Creators “Capitalize” on tech

Popular video streaming social media platform YouTube is contemplating the idea of offering non-fungible tokens (NFTs) to content creators on its platform. In an open letter sent out recently, CEO Susan Wojcicki said the move is in a bid “to help creators capitalize on emerging technologies including things like NFTs.”

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In the same letter, Susan admitted that YouTube has been studying futuristic models and exploring Web 3.0 “as a source of inspiration to continue innovating on YouTube.”

“The past year in the world of crypto, non-fungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans,” she continued.

Another social media giant, Twitter, on Thursday rolled out its NFT profile picture feature, allowing users to connect their Ethereum to the Twitter app and use NFTs as their profile picture.

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