Google Has a Mysterious Project That Raises Many Questions

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Google Has a Mysterious Project That Raises Many Questions

the Street2022-03-28

Of all the giants of Silicon Valley, it is undoubtedly the most discreet.We often only hear about them when there is an investigation by regulators into their practices or a complaint from employees. ...

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JTBY
·2022-03-28
Good
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Jintonic
·2022-03-28
Interesting
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tickletigger
·2022-03-28
endless possibilities to the future
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Anita65
·2022-03-28
😎
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Chororo
·2022-03-28
.
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Jazim
·2022-03-28
Okay
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sk27
·2022-03-28
great
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We are obviously talking about Google (GOOGL). Yet the Mountain View, Calif.-based group reaches millions of people a day around the world.While its rivals make raucous announcements about their investments in the metaverse, Google and its CEO Sundar Pichai have kept a low profile. But things will probably change quite quickly.The internet giant has discreetly and silently filed trademark related to a very mysterious project. This project is called “Non-Fungible Planet”.  “Non-fungible” relates to items that cannot be replaced.Crypto fans will no doubt be quick to think that this project is crypto-related because there is non-fungible, which is clearly reminiscent of non-fungible tokens. NFTs are a way of owning a piece of digital content, be that a photo or a GIF.Unfortunately for the crypto sphere reading the trademark application, the project has nothing to do with NFTs. 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Google does not say when the firm intends to put all this in place.Will Google Force YouTube to Abandon NFTs?This Google trademark is surprising because it appears as a thinly veiled criticism of NFTs, whose environmental footprint is quite critical. NFTs are created or minted on the ethereum blockchain, which uses the famous proof-of-work algorithm mechanism to validate transactions. Proof-of-work consumes a lot of electricity.But ethereum plans to transition to proof-of-stake, another validation mechanism which uses much less energy, according to its advocates.In addition, YouTube, the subsidiary of Google, recently announced that it is it is exploring features for its video creators to capitalize on digital items. 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