YouTube's CEO Says the Company Will Explore NFT Features for Video Creators (bloomberg.com) 14
YouTube is exploring adding nonfungible token features for its video creators, Chief Executive Officer Susan Wojcicki wrote to the site's broadcasters on Tuesday. From a report: Although Wojcicki didn't say exactly what her team is planning, or when, it marks the first time Alphabet's Google, YouTube's owner, is becoming involved with the cryptocurrency collectibles. Several of YouTube's rivals have already jumped on the trend. Twitter began letting users post NFTs as profile photos and Instagram is reportedly working on a similar offering, according to the Financial Times. NFTs are digital assets that represent ownership of digital assets, like art, that people can buy or sell. YouTube, home to the largest creator economy, has spent several years building ways for its video stars to earn money beyond advertising, adding tools like fan payments and e-commerce. Wojcicki told creators her company was looking to web3, an umbrella term for internet models built around crypto, as a "source for inspiration."
'Neath the Kimono (Score:5, Insightful)
"We had all the momentum; we were riding the crest of a high and beautiful wave. So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke and rolled back." - Hunter S. Thompson
NFTs feel like some kind of watershed moment where the absurdity of the internet is starkly revealed... like seeing the distateful, repugnant inner nature of the average politician unadorned... you can't lampoon it because it's too far gone to be extended further into silliness...
Re: (Score:2)
Conceded.
They do this... (Score:2)
... because user demand is huge!
Correct acronym for NFT. (Score:3)
"Not Freakin' Tenable"
Re: (Score:3)
I prefer:
Nothing
For
Trade
or
Nitwit's
Financial
Transactions
i.e. What the hell are NFT's? [youtube.com]
What's that squishy-plop sound I keep hearing? (Score:2)
Ah, yes. It's the sound of a sucker being born every minute.
Whales and money laundering (Score:3, Insightful)
1. Mentally ill whales who buy them for a hit of dopemine because they've got untreated mental illness.
2. Tax dodgers using the fine art loophole where you buy some art for $100k, because there's a "market" now it "appreciates" to $1mil, then you donate it to some art installation and write $1mil off on your taxes.
3. Good 'ole Money Laundering. Like when you buy a copy of John Madden Football for the Sega Genesis for $100 and it comes with a free bag of weed, only on a much larger scale.
Why would one want a NFT? (Score:2)
For an average person who isn't laundering money or trying to play tax games, is the advantage of a NFT? It is pretty much a GPG signed URL, with no guarantee that the URL will have the same content, or even exist due to link rot.
It might be something to do, to support a band, because it is the "cool" thing, but I'd rather buy a CD or LP from a band with some type of bonus box that has a T-shirt or some other stuff with it... something that 20+ years from now, will still be physically around. If a band ha
~70% of crypto market is wash trading (Score:2)
https://arxiv.org/abs/2108.109... [arxiv.org]
alpine air (Score:1)
And a few weeks later... (Score:1)