LG Electronics launched a new NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. marketplace, available on its smart TVs. It allows you to buy, sell and display NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). from the TV.
- LG launched an NFT market an area or arena, online or offline, in which commercial dealings are conducted. together with Hedera.
- LG TV owners will be able to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. and display NFT.
- It will connect to LG’s Wallypto wallet.
Los tokens Non-fungible (NFT) are coming to the new ranges of smart TVs. Shortly after Samsung had announced integrating NFT into its TVs, another consumer electronics company is doing the same.
LG Electronics the South Korea-based electronics giant, on Sunday unveiled its new NFT marketplace called LG Art Lab which will allow users to buy, sell and display digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles from the brand’s TVs.
Equipment ownersS mart TV of the brand LG with the latest software version will be able to access the new features. Specifically, the NFT platform a place to buy, sell and store cryptocurrency will be available for download from the home screen on TVs with software version webOS 5.0 or later, as reported byThe Verge. It is currently only available in the US.
The platform is built on the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Hedera and users will be able to connect their walletsWallyptorecently launched by LG . According toThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain.the new space i ncludes a feature that offers artist profiles and previews of their upcoming work, as well as a countdown for upcoming NFT releases.
LG brings the NFTs to TV along with Hedera
The announcement comes a few months after Samsung to incorporate a similar NFT feature into three of its Smart TV models; namely: MICRO LED, Neo QLED y Lifestyle. Since the beginning of the year, owners of such devices can discover, purchase and trade NFTs directly from their TVs.
LG had recently presented its mobile digital wallet for digital assets, Wallyptostill in beta. In a press release, the company said that the move is a way to expand its horizon to the “combine technology Blockchain with existing flagship businesses, such as appliances and electrical fields”.
The cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. wallet a place where cryptocurrency users can store, send and receive digital assets. of LG is also driven by Hedera a little-known blockchain that uses an alternative technology call hashgraph. The choice of the project for the new range of products from LG may be curious, yet the two have had ties since 2020, when they were LG joined the Hedera Governing Council as you remember CoinDesk .
Christian Hasker, CMO of Sworlds Labs the team behind Hedera said that the market for LG is helping the transition of NFTs”. beyond being computer-based collectibles and become works of art displayed like any other work of art inside the owner’s home “, as quoted by several media outlets.
It is expected that LG Art Lab is launching its first NFT releases this month, with a set of metallic-looking pieces by sculptor Barry X Ball, as picked up by The Verge . According to this report, LG says it will continue to add NFTs from artists ” monthly “and that users will be able to view any NFT they purchase from the application.
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Article by Hannah Estefania Perez / DiarioBitcoin
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