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Newsletter #43 Youtube’ new CEO can bring Web3 tech to the platform

February 20, 2023
3 min read

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YouTube is undoubtedly one of the biggest media platforms in the world, and its new CEO believes that Web3 tech will be a net positive for the creators. But before we explore this latest development in detail -

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Back to  the YouTube’s potential web3 future

Last week, Susan Wojcicki stepped down as the CEO of YouTube. She announced her departure in a recent personal update on YouTube's official blog. in which she also gave lots of praise to Neal Mohan, her successor for the position. Wojcicki informed me that as the Chief Product Officer of YouTube, Mohan has played a pivotal role in the launch of iconic YouTube products such as YouTube Music and YouTube TV.

Mohan has certainly made YouTube one of the most popular platforms on the internet, and he will continue to make it even better, but his taking the helm is also a pretty positive development for Web3. This is because Neal believes in promising new Web3 technologies like NFTs that can significantly enhance the creator experience on the platform. Enough from us; here’s a passage from Neal himself:

Neal's positive outlook on Web3 technologies is great, as we certainly need more open-minded leaders at some of the biggest platforms in the world. Generally we see leaders at traditional companies casually dismissing Web3 as a fad, but if we look closely the adoption of Web3 tech is slowly creeping in. Some of the most popular brands in the world are filing patents for using NFTs or metaverse trademarks. Social media platforms are looking at launching their own digital currencies, and gaming giants are also getting in on the trend. It seems to us that the dismissal of Web3 tech is coming more from mainstream media than from actual industry experts. Check out some of the links that we shared above and let us know what you think about the increasing adoption of Web3 technology and which popular platforms are going to use it first!


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