LG Electronics is taking a step towards the industry of non-fungible tokens (NFTs) with their efforts to obtain a patent for a TV which will allow users to trade these tokens. An NFT is a unique digital asset which may represent physical or virtual items such as virtual cards, artworks, or collectibles.

The device will be able to connect to an NFT market server, showcase artworks preview, and also allow consumers to make purchases with their cryptocurrency wallets connected to the TV.

LG has been involved in bringing NFTs to TVs since last September with the launch of their Art Lab market, which is based on the Hedera Network, where LG has been an operator since 2020. LG’s decision to file for a patent shows that there is an increasing demand for NFTs, and hence a bright future for the platform.

In addition to LG, another electronics giant, Samsung, has also been working to make NFTs available on TVs. In January 2022, Samsung released its own NFT marketplace on three of their TVs in partnership with Nifty Gateway.

The trend of electronics firms jumping onto the NFT bandwagon suggests that this form of digital asset has great potential in the near future. With firms like LG and Samsung making it easier to access NFTs, the industry could very well expand even more in the digital age.



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