LG ArtLab will introduce NFTs to users living rooms through LG Smart TVs
South Korean Electronics Giant, LG has unveiled a new Non-Fungible Token (NFT) platform, LG ArtLab. The LG ArtLab will integrate an NFT marketplace right into your living room! It will be a convenient one-stop solution for discovering, buying, and selling NFTs on LG Smart TVs.
Unlike other complex blockchain-based NFT Marketplaces that might not be easy for everyday users to interact with, LG Smart TVs are seen as the perfect medium for displaying NFT collections to mass audiences via the LG Art-Lab platform.
The LG Art Lab runs on LG Smart TVs using the web OS 5.0 or later versions and is presently available in the U.S. Users can purchase NFTs by simply scanning a QR code to connect their wallets. The home space can truly become a Digital Art Gallery using LG Smart TVs.
The company also announced that its NFT platform and the cryptocurrency wallet Wallypto will be supported by the Hedera Network– nixing Ethereum in the process. The Hedera blockchain will enable users to trade NFTs with minimal transaction fees and charges, bringing a transformation experience to their living rooms.
Prior to this announcement, LG had been making significant moves in the Web3 space, when it first launched the LG-Pay digital wallet in 2019. The company also set its sights on NFT development with a January 2022 press release, which projected the arrival of the LG ArtLab innovation.
Nevertheless, LG is still poised to face stiff competition from other consumer electronics companies. Rival Samsung also integrated NFT support into its Smart TVs earlier in 2022 through the Samsung Gaming Hub. Samsung’s NFT platforms are supported by Nifty Gateway.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
