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YouTube NFTs Are Officially Here, Inspiring Memes And Controversy In Regards To Corporate Crypto Art

YouTube NFTs Are Officially Here, Inspiring Memes And Controversy In Regards To Corporate Crypto Art
YouTube NFTs Are Officially Here, Inspiring Memes And Controversy In Regards To Corporate Crypto Art

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Published February 10, 2022

Published February 10, 2022

YouTube sparked the latest NFT controversy today for officially announcing an NFT project, as reported by Independent. The project will allow users to own creators' videos.

It's the newest update regarding the project, following a hint that was given back in January from CEO Susan Wojcicki who called NFTs an "opportunity" within a blog post. When news outlets like The Verge covered it, many viewed it as nothing much to worry about since the quote from Wojcicki came at the end of her post and wasn't expanded on. However, it's now come to fruition only two weeks later.


Now that YouTube NFTs are officially in the making, what does this mean for the future of YouTube and its creators? What will a YouTube NFT look like? According to another blog post published today by YouTube, they touch on the possibility of Web3 technology, only to then namedrop the word "NFT." In subsequent sentences, they're quoted giving examples of these NFT possibilities, stating, "For example, 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 audiences."


Immediately, major tech news outlets picked up on the story, tweeting about the development and causing a stir online. Twitter users started to react, some of them angry and others excited about the possibility of owning YouTube content. One user humorously stated that he could finally buy "the masterpiece" that is the 2015 Deez Nuts video.


Of course, YouTube isn't the first social media platform to flirt with the NFT space. Twitter, for instance, unveiled its hexagonal profile pictures last month. Other corporate entities have also had recent crypto art controversies, such as the SpongeBob NFT collection that caused an uproar on the internet last October.

Additionally in their blog post, YouTube hinted at developments they're making towards the Metaverse, saying there are possibilities there in regards to the gaming sphere. Some internet users are starting to think YouTube's self-sabotaging, relating this decision to its recent removal of the dislike button late last year, which was not received well on platforms like Reddit, among others.

It will be interesting to see how this controversy is received in memes going forward, especially since the feedback appears more mixed this time.


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