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YouTube appoints Web3-friendly manager as new CEO

Published on

February 18, 2023
Read Time:2 Minute, 9 Second

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

Wojcicki stepped down on February 16 after 9 years on the helm of YouTube, outlining plans to start out a "new chapter" targeted on household, well being and private initiatives. Throughout her tenure, she accompanied, amongst different issues, the decisive introduction of the income sharing mannequin.

Going ahead, she stays an advisor to Google's dad or mum firm, Alphabet Inc.

Thanks very a lot, @SusanWojcicki. It has been nice working with you through the years. You may have made YouTube a rare dwelling for creators and viewers. I sit up for persevering with this nice and vital mission. I am trying ahead to what's to come back... https://t.co/Rg5jXv1NGb

— Neal Mohan (@nealmohan) February 16, 2023

Earlier than turning into the brand new CEO, Mohan served as YouTube's chief product officer, overseeing the controversial elimination of the detest button for movies, the launch of YouTube Shorts to compete with Tik Tok and YouTube Music.

Relating to Web3, in February 2022, Mohan outlined tentative plans to combine a wide range of new options, corresponding to: consternation the NFT-hating neighborhood on the time.

Particularly, Mohan emphasised that NFTs might supply a brand new means for creators to attach with their audiences and generate extra income streams. As examples, he cited the potential for creators to tokenize their movies, images, paintings, and experiences.

“Web3 additionally opens up new alternatives for builders. We imagine new applied sciences like blockchain and NFTs can allow builders to construct deeper relationships with their followers. Collectively they may be capable to collaborate on new initiatives and generate profits in ways in which had been beforehand not doable," he wrote in a February 10, 2022 weblog publish.

Associated: Crypto Tales: How Altcoin Day by day constructed a platform for thousands and thousands of crypto lovers

Though the intention is to launch probably final 12 months, plans associated to Net 3 are nonetheless pending however could possibly be set for an extra increase within the close to future with Mohan now working the corporate.

New YouTube CEO @nealmohan loves NFTs! https://t.co/RVqqJngnv6

— Altcoin Day by day (@AltcoinDailyio) February 17, 2023

Following the information of Mohan turning into YouTube's new CEO, there was a surprisingly restricted quantity of FUD from the feisty NFT skeptics on Twitter, who're often fast to denounce any stories of mainstream connections to the tech.

#nealmohan Looks like an excellent man... wait... no... pic.twitter.com/vQSet9tu8j

-RAM. (@veryramdom) February 17, 2023



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 18, 2023
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