If the policy is 'monetize', the rights holder may choose to place ads on it. It should be related to this resource if the user sees ads on their videos, yet they're not part of YPP: https://yt.be/help/4zdt . Hope this info helps!
As copyright owner of the videos, you can choose what policy to apply to your videos you claimed. You can choose to either, block monetize or track the video. More here: https://yt.be/help/b6o5
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