YouTube Proposes Verifying NFTs, Watch Games In Metaverse

Share post:

YouTube expanded on its blockchain and metaverse plans for 2022. It plans to make use of the emerging technologies to eliminate fraud in the digital art market and provide a more social viewing experience for gamers.

In January, the social media giant said it was exploring so-called Web3 technologies, such as non-fungible tokens (NFTs), which are video clips, art or other digital assets connected to the record-keeping technology blockchain.

YouTube also indicated that it could make NFTs safer.

Sales of NFTs soared to new heights in 2021, but critics say fraud, copyright theft and other predatory behavior are rife.

“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,” YouTube said.

YouTube has also highlighted the metaverse, another feature of the Web3 movement that refers to shared virtual worlds where people interact via avatars.

In this context, YouTube brought into play the possibility of allowing users to watch videos together in a metaverse.

“Generally, it will focus for now on videos related to gaming, where we’ll work to bring more interactions to games and make them feel more alive,” the blog said.

For more information, read the original story in Reuters.



Related articles

TikTok updates content moderation policies

TikTok has updated its content moderation policies in light of the possibility of a ban in the United...

U.S. increases pressure on TikTok, demands app be sold: Reports

The U.S. is demanding that Chinese-owned TikTok be sold or the popular video app could be banned in the country due to security concerns, according to several news agencies. The New York Times, the Wall Street Journal, National Public Radio (NPR) and others reported Wednesday evening that the demand to sell the app was delivered

Twitter outage highlights risk of downsizing

Twitter recently experienced a global outage that lasted several hours, causing significant disruption to users all over the...

Fact checked Reddit stories gets more upvotes

Prof. Robert Bond and Prof. Kelly Garrett revealed that true stories get more Reddit upvotes than fake news...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways