YouTube appoints Web3-friendly exec as new CEO


Google-owned YouTube has appointed Web3-friendly exec Neal Mohan as its new CEO following the departure of Susan Wojcicki this week.

Wojcicki stepped down from YouTube on Feb. 16 after 9 years on the helm, outlining plans to start out a “new chapter” centered on household, well being and private tasks. Throughout her tenure, she oversaw the pivotal introduction of the revenue-sharing mannequin, amongst different issues.

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Transferring ahead she’s going to stay an advisor for Google’s mother or father firm Alphabet Inc.

Earlier than turning into the brand new CEO, Mohan served as YouTube’s chief product officer and oversaw the controversial removing of the video dislike button, the introduction of YouTube Shorts to compete with Tik Tok, and YouTube Music.

When it comes to Web3, Mohan outlined tentative plans in February 2022 to integrate a host of new features akin to Metaverse-based content material experiences and content material tokenization by way of nonfungible tokens (NFTs), a lot to the dismay of the NFT-hating group on the time.

Particularly, Mohan emphasised that NFTs may present a brand new means for creators to interact with their audiences and develop further income streams. He cited the potential for creators to tokenize their movies, images, artwork and experiences as examples of such.

“Web3 additionally opens up new alternatives for creators. We imagine new applied sciences like blockchain and NFTs can enable creators to construct deeper relationships with their followers. Collectively, they’ll be capable of collaborate on new tasks and become profitable in methods not beforehand attainable,” he wrote in a weblog publish on Feb. 10, 2022.

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Regardless of being supposed to probably roll out final 12 months, the Net 3-related plans are but to materialize however may very well be set for an additional push within the close to future on condition that Mohan is now main the agency.

Following the information of Mohan turning into the brand new CEO of YouTube, there was a surprisingly restricted quantity of FUD from the feisty NFT skeptics on Twitter who’re usually quick to flame something to do with experiences of mainstream connections to the tech.