YouTube is the most recent major social platform to announce its plans to integrate Web3 into its platform; in fact, practically every major platform is gearing up for Web3. Twitter has made its NFT profile images public, Instagram is getting ready to start selling NFTs on the platform, and Spotify is working on plans to incorporate NFTs and blockchain technology into its streaming business, with the company also hiring web3 experts.Susan Wojcicki, the CEO of YouTube, is being cautious about how the platform will incorporate web3. The purpose of the platform is to assist and provide creators with additional monetization alternatives, which will help small creators and artists earn more money. Susan stated that NFTs on YouTube would be a game-changer since the platform’s algorithm tracks all videos, allowing for the detection of stolen NFTs. Even the most powerful NFT markets cannot compete with YouTube’s strict copyright and robust algorithm. OpenSea and other marketplaces have clearly had huge difficulties with individuals breaking in and stealing other people’s work, and support takes a long time to respond, and by the time they do, the harm has already been done. This would no longer be an issue with YouTube since creators would no longer…
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