YouTube is one of the most popular streaming services in the world, and it has been expanding its horizons to blockchain and metaverse.
For the first time, YouTube provided details on its blockchain and metaverse ambitions for 2022, stating that the company hopes to use the developing technology to reduce fraud in the rapidly expanding digital art industry as well as provide a more social viewing experience for gaming content.
YouTube announced last month that it was looking into what proponents refer to as Web3 technologies, such as non-fungible tokens, which are video snippets, art, or other digital commodities that are linked to the blockchain record-keeping tool.
It is not surprising that YouTube is looking for new ways to expand its horizons. But it has been a surprise for many people that YouTube wants to get into blockchain and metaverse. YouTube is planning to enter Web3, NFTs, and Metaverse in 2022. This will be a big step for YouTube.