Two YouTube executives announced their departures from the Google-owned company with plans to pursue Web 3 ventures on Tuesday, based on tweets from their personal accounts.
The departures come on the same day as CEO Susan Wojcicki issued an open letter saying YouTube is looking into non-fungible tokens (NFTs) as a way to help creators monetize their content.
“[Wyatt’s] strategy of forging strong relationships with game developers and the creator economy will be critical to Polygon Technology as we continue to scale our support for companies globally to begin their foray into the web3 space,“ Shreyansh Singh, head of Polygon Studios, told CoinDesk through a spokesperson.
Wyatt cited being “fascinated by blockchain app development” as reason for the departure, adding that he is “beyond thrilled to enter the web3 space,” according to the tweet.
Wyatt began his tenure with YouTube’s gaming division in 2014. His role at Polygon will be “bridging the gap between Web2 and Web3,” leading Polygon Studios in the areas of gaming, sports, news and entertainment.
The pair of resignations underscores the influx of Web 2 talent rushing into the Web 3 space, with gaming and NFT companies seeing particularly notable growth.
YouTube’s global head of product partnerships, Heather Rivera, has also departed the company, a representative told CoinDesk, though her next move has yet to be announced publicly.
UPDATE (Jan. 25, 20:30 UTC): Adds comment from Polygon’s Shreyansh Singh.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.