Facebook considers nft features

facebook considers nft features

YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”

If YouTube allowed creators to sell NFTs directly to their fans, it would be a major boon for the technology, which has grown in popularity over the last year, but hasn’t been widely adopted by major social platforms. But there are already signs that could change in 2022.

Twitter just introduced its first experiment with NFTs, with NFT profile pictures. Instagram’s top executive has also expressed an interest in the technology, and The Financial Timesreported last week that Facebook and Instagram are working on an NFT marketplace and other features,

NFT aren’t the only new monetization opportunities YouTube is looking at in the coming year, though.

Facebook considers building nft features alongside digital wallet

YouTube is the latest platform eyeing a move into NFTs. In a new letter to creators about YouTube’s 2022 priorities, CEO Susan Wojicki said the company is exploring how its creators could benefit from the digital collectibles.

In the letter, Wojicki said that Web3 — a term used by crypto enthusiasts to refer to the collection of blockchain based technologies they believe will usher in a new era of the internet — has been a “source of inspiration” for the company.

She didn’t say exactly how YouTube may integrate NFTs into its platform, but suggested the technology could be a new source of revenue for creators.

“The past year in the world of crypto, nonfungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans,” she wrote.

When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” he added. “We’re definitely thinking about this.” He wasn’t more specific about what kinds of NFT-related products Facebook might build. Facebook’s digital wallet is “ready now,” Marcus said, but the company has been waiting to launch it until it can do so alongside Diem, the digital currency previously known as Libra, which Marcus co-founded from within Facebook in 2019.

Ethereum founder is skeptical of Dorsey’s and Zuckerberg’s plans

The way the Senate melted down over crypto is very revealing

A digital money rush is great.
A run, not so much

Plans are for Diem to offer a so-called stablecoin backed by the U.S. , but it’s unclear when the coin will be introduced.
We’re definitely thinking about this.” He wasn’t more specific about what kinds of NFT-related products Facebook might build.

Facebook’s digital wallet is “ready now”, Marcus said, but the company has been waiting to launch it until it can do so alongside Diem, the digital currency previously known as Libra, which Marcus co-founded from within Facebook in 2019.

Plans are for Diem to offer a so-called stablecoin backed by the US dollar, but it’s unclear when the coin will be introduced. The project faced immense pushback from lawmakers and regulators when it was unveiled, and while Facebook is still a partner on the project, Diem is now run independently.

Marcus said Facebook would consider launching the Novi wallet without Diem “as a last resort”, but he believes both are necessary to change the way people make payments.

Facebook Inc is considering building products and features related to nonfungible tokens, or NFTs, the digital assets that have taken off with the rise of blockchain technology.

“We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so,” Facebook executive David Marcus said Tuesday in an interview on Bloomberg Television.

Marcus leads F2, or Facebook Financial, the internal group developing the company’s Novi digital wallet. That wallet could be used to hold NFTs, he said. “When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” he added.

Wojicki also said the company is “excited” about podcasts and that “we expect it to be an integral part of the creator economy.” She also confirmed that YouTube would expand its shopping features to more creators, and test “how shopping can be integrated into Shorts.”

The CEO also touched on the controversy surrounding YouTube’s decision to remove public dislike counts from its platform. She noted that the dislikes was often used to target smaller creators for harassment, and that the feature could still be used to inform individuals’ recommendations.

“Every way we looked at it, we did not see a meaningful difference in viewership, regardless of whether or not there was a public dislike count,” she said.

We’re definitely thinking about this.” He wasn’t more specific about what kinds of NFT-related products Facebook might build.

Facebook’s digital wallet is “ready now,” Marcus said, but the company has been waiting to launch it until it can do so alongside Diem, the digital currency previously known as Libra, which Marcus co-founded from within Facebook in 2019.

Plans are for Diem to offer a so-called stablecoin backed by the U.S. dollar, but it’s unclear when the coin will be introduced. The project faced immense pushback from lawmakers and regulators when it was unveiled, and while Facebook is still a partner on the project, Diem is now run independently.QuickTake: Read more about NFTs

Marcus said Facebook would consider launching the Novi wallet without Diem “as a last resort,” but he believes both are necessary to change the way people make payments.

YouTube NFTs may be in the works. In a letter published today, YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators.

“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” the letter reads.

The detail was part of Wojcicki’s latest letter to the YouTube community, which outlines areas the company plans to invest in, like gaming and shopping, and how it plans to support creators.

The project faced immense pushback from lawmakers and regulators when it was unveiled, and while Facebook is still a partner on the project, Diem is now run independently.

Marcus said Facebook would consider launching the Novi wallet without Diem “as a last resort,” but he believes both are necessary to change the way people make payments. The social media giant’s hope is that people will use Facebook’s wallet to transfer Diem, which could reduce costly fees and lower the time it takes to send money cross-border.

Without more innovation in payments technology, Marcus said, countries in the West like the U.S.

We’re definitely thinking about this.” He wasn’t more specific about what kinds of NFT-related products Facebook might build.

Facebook’s digital wallet is “ready now,” Marcus said, but the company has been waiting to launch it until it can do so alongside Diem, the digital currency previously known as Libra, which Marcus co-founded from within Facebook in 2019.

Plans are for Diem to offer a so-called stablecoin backed by the U.S. dollar, but it’s unclear when the coin will be introduced. The project faced immense pushback from lawmakers and regulators when it was unveiled, and while Facebook is still a partner on the project, Diem is now run independently.

Marcus said Facebook would consider launching the Novi wallet without Diem “as a last resort,” but he believes both are necessary to change the way people make payments.

Facebook executive David Marcus said Tuesday in an interview on Bloomberg Television.

Marcus leads F2, or Facebook Financial, the internal group developing the company’s Novi digital wallet. That wallet could be used to hold NFTs, he said. “When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” he added.

“We’re definitely thinking about this.” He wasn’t more specific about what kinds of NFT-related products Facebook might build.

Facebook’s digital wallet is “ready now,” Marcus said, but the company has been waiting to launch it until it can do so alongside Diem, the digital currency previously known as Libra, which Marcus co-founded from within Facebook in 2019.

Plans are for Diem to offer a so-called stablecoin backed by the U.S. dollar, but it’s unclear when the coin will be introduced.

Leave a Reply

Your email address will not be published.