YouTube has been a major platform for online video content since its launch in 2005. It provides an easy-to-use interface that makes it extremely easy for users to find videos and watch them.
Since many people enjoy watching YouTube videos because they are a wonderful way for them to escape from the daily grind of work, school, and other responsibilities that they have, YouTube’s revenue has increased exponentially as it has become increasingly popular over the years. The company is now planning to take the next step forward to grow its platform.
How YouTube is Planning to Help Content Creators
The YouTube channel has always served as a platform for people to share their ideas, thoughts, and experiences with the world. As part of their efforts to expand its functionality in 2022, the company is planning to roll out several interesting new features to help their content creators reach more people.
According to CEO Neal Mohan, the company will integrate blockchain technology into its existing platform to encourage users to engage with the blockchain, the metaverse, and non-fungible tokens (NFTs). Although the blockchain is most known as a ledger for cryptocurrency prices and transactions, this technology can also support the metaverse and non-fungible tokens (NFTs).
YouTubes Immersive Platform Aspirations
Over the years, YouTube has established itself as one of the leading video platforms on the internet. Nonetheless, it aspires to create more immersive experiences for its users to compete even more fiercely with other video-sharing platforms.
This company intends to take advantage of virtual reality to its full potential. They are also planning to add new features that will allow gamers to watch YouTube videos with their avatars in the metaverse. As a result, fans could experience content that provides a deeper sense of immersion and greater excitement.
The Partner Program Gets a New Reboot
Despite having revolutionized how people consume content in the digital world, the platform is now planning to improve its successful Partner Program even further in the coming months. The upgraded program will give content creators the opportunity to earn additional revenue through their videos.
Google’s huge video streaming service has been a popular destination among content creators to share their work and make money. However, YouTube’s Partner Program has always been dominated by big-name YouTube stars and charismatic content creators. But now the program is offering small-time creators a new chance to take part in the fun by introducing metaverse functionality.
YouTube has immense potential when it comes to influencing the world of blockchain since it has over 2 million subscribers registered in its Partner’s Program. This is enough of a core group to positively influence the cryptosphere, which is a place where anyone online can access and benefit from useful resources on the Internet.
YouTube’s Web3 and NFT’s Plans
Web3 is a decentralized platform running on the blockchain. This digital infrastructure runs applications and services using smart contracts. By adding its features to YouTube, it will give creators more opportunities to build a popular channel.
YouTube also aims to connect creators with more viewers through an NFT-based marketplace. Since the platform already allows creators to connect with their fans to see what interests them, creators will soon be able to add NFTs, such as artwork, photos, and original videos, to build even deeper relationships with their followers.