Electronic powerhouse LG is turning heads with its latest innovation: a television designed to trade non-fungible tokens (NFTs). Breaking new ground in the tech industry, LG seeks patent protection for this game-changing device, marking a significant step in the intersection of consumer electronics and digital assets.
Trading NFTs from the comfort of the living room
The novel TV device promises a seamless connection with an NFT market server. It’s designed to receive and showcase artwork and complete purchases directly through the user’s linked cryptocurrency wallet. Imagine trading NFTs right from your living room, using nothing more than your TV remote.
LG’s History with NFTs
LG’s foray into the world of NFTs is not a new venture. The company began integrating NFTs into its TV offerings as early as September last year. The launch of its Art Lab marketplace, connected to the Hedera Network, signaled the start of this journey.
As a node operator on Hedera since 2020, LG has been steadily building its blockchain and NFT competence.
Reading the Future of consumer demand
LG’s move to patent this groundbreaking technology suggests a firm belief in the ongoing demand for NFTs among consumers. By making NFTs more accessible, LG is likely targeting a potential new revenue stream and positioning itself at the forefront of this digital revolution.
A competitive market for NFT-enabled TVs
The South Korean tech giant isn’t alone in recognizing the potential of bringing NFTs to TVs. Earlier in 2022, Samsung rolled out an NFT marketplace on three of its TV models, backed by Nifty Gateway. As more players enter this arena, LG’s push for patent protection signals its intent to become a leader in the space where consumer electronics meet digital assets.
Source: nft.news
This information is published by the NFT News media team.
