YouTube launches NFTs so fans can 'own' videos

YouTube is 'thinking big' in the metaverse to bring 'more interactions to games'. Neal Mohan, director of product for the streaming site, wrote in a blog that Web3 - the controversial next stage of the Internet - "opens up new opportunities for creators." That technologies like "Blockchain and NFTs can allow creators to establish deeper relationships with their fans."

The technology will provide "a verifiable way for fans to own videos, photos, art, and even unique experiences from their favorite creators, which could be a compelling prospect for creators and their audiences." Mr Mohan added that there was "a lot to consider" for YouTube to "address these new technologies responsibly"