LG patent details plans for TVs that enable users to trade NFTs LG nonfungibletokens NFT
- LG Global, the South Korean consumer tech giant, has become the latest company to further the integration of blockchain technology into its hardware according to a recent patent the company filed with the World Intellectual Property Organization .
LG first delved into the integration of NFTs with its television sets last September when it released its “LG Art Lab” marketplace, which enabled users to trade digital collectibles via U.S. LG televisions running their WebOS 5.0 operating system. The marketplace is only accessible via LG televisions.
LG is not alone in its efforts to integrate NFTs with television as its rival Samsung has also incorporated the technology into its devices via the Samsung NFT Platform, which is accessible thanks to a partnership with Nifty Gateway. Ethereum has also seen a spike in transaction costs recently due in part to demand for the NFT project Milady, which saw the floor price for its collection surge higher on Wednesday after Twitter CEO Elon Musk tweeted a meme created using imagery from the Milady NFT collection.
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