YouTube floats ideas of verifying NFTs, watching games in metaverse

FILE PHOTO: YouTube app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - YouTube on Thursday elaborated on its blockchain and metaverse plans for 2022, saying it could harness the emerging technologies to cut fraud in the fast-growing digital art market and offer a more social viewing experience for gaming content.

The world's largest streaming service, which is owned by Alphabet Inc's Google, over the past year has sought to hang onto users with better guidance about upcoming features amid increasing competition with ByteDance Inc's TikTok and Meta Platforms Inc's Instagram.