LG Seeks Patent for TV Enabling NFT Trading. What’s the Appeal?


LG has ventured further into the realm of NFTs by applying for a patent for a television that facilitates NFT trading. The electronics firm is building its presence in a domain where Samsung made bold innovations early in 2022. But do consumers need such a TV?

Electronics giant LG has applied for patent protection for a TV that enables the trading of non-fungible tokens (NFTs). According to the patent, the device would be able to establish a connection with an NFT market server and enable NFT trading using a connected wallet

LG Authentication

It also suggests that the device would use biometric authentication, with users employing a front-facing camera to access their wallet.

In March 2022, Samsung collaborated with Nifty Gateway to introduce its own NFT marketplace, Samsung NFT Hub, for its TVs.

This is the second major NFT news from LG in the past year. Last September, the company announced the launch of its own NFT marketplace, LG Art Lab.

Currently, only US customers with an LG TV that runs webOS 5.0 or later can access the app. The app uses the Hedera Network, which…

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