YouTube is about to get a lot better for both fans and creators with a series of new features including subtitling and fundraising for the viedeos.

YouTube, the most popular video streaming service around the world, is stepping up its game to continue its dominance in the video stream industry. At this year's VidCon in Anaheim Thursday, YouTube CEO Susan Wojcicki unveiled a slew of new features focused on both users and creators. Thousands of attendees were given a sneak peek at the updates, including a virtual tip-jar and a mobile app to manage and monitor videos among other things.

For the creators there is support for up to 60 frames per second, a free music and sound effect library and a new clickable tagging system. Wojcicki kicked off the keynote with the translator feature. It does not require a developer to add subtitles to the videos on the site but fans can upload subtitles to their favorite videos.

Some of the highlights of the event as discussed in the official YouTube Creators blog, Thursday, also include YouTube Creator Studio app for iOS devices. The app lets users see analytics, manage videos and do more on-the-go. The app is already available for Android users, and the desktop versions will get some makeover along with the iOS debut in the coming weeks.

Android users of the Creator Studio app can monitor channels and video performances with simple analytics, filter and reply to fans' comments, customize push notifications and edit video details and settings anytime.

The company will soon add its virtual tip-jar, "Fan Funding," allowing people to directly send cash to creators. In addition, the video streaming site will also add interactive cards to link creators' campaigns to fundraising services like KickStarter and IndieGogo.

YouTube will also get interactive information cards, which can be programmed to work across all devices. Creators can relish the updated sound library, which already includes hundreds of royalty-free songs with 7,500 sound effects and more music tracks.

The new features will be added to the site in the coming months, which is in part to make "videos even more awesome, to reach global audiences and grow your businesses on YouTube."