2022 is looking to be a promising year for the non-fungible tokens NFT industry as more tech giants are showing interest in the emerging industry.
Google-owned online video sharing and social media platform YouTube might be the latest social media titan to integrate NFTs into its space.
According to an annual letter written to creators by YouTube CEO Susan Wojcicki, YouTube might expand its ecosystem by integrating NFTs.
“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” she said.
In the last 24 hours, bitcoin has been up by 4.28%, with a current price of $38,020.22 as of the time of writing this. Within 24 hours, bitcoin dropped to $36,008 low and $38,242 high. The trading volume of bitcoin in the last 24 hours is $1.18B. The current market capitalization of bitcoin is $723.05B. Currently, $18.94M bitcoins are in circulation.
Stats and Image from Coin Desk
Although the letter did not explicitly state how it will be done, it can be concluded that YouTube is making plans to join the bandwagon of social media platforms adopting NFTs.
Twitter recently enabled NFT profile pictures for its Twitter Blue subscribers using iOs. Likewise, there is news going around that Meta, formerly known as Facebook, is working on allowing Facebook and Instagram users to mint and sell NFTs on both platforms.