LG Electronics files patent for its NFT TV – Cryptopolitan


Tech giant LG Electronics has filed a patent for its Smart TV. The blockchain based TV will enable users to trade NFTs. The WIPO’s global database for intellectual property on May 11 published the information, stating that the patent application is usually published 18 months after the filing date or priority filing. Thus, LG’s application was filed in November 2021.

LG patent application published

The patent application outlines that LG’s technology will allow devices to connect with a cryptocurrency wallet and an NFT market server to facilitate transactions. The technology would feature onscreen QR codes when the device is connected to an NFT market server to allow users to complete transactions via their cryptocurrency wallet.

LG’s new NFT platform follows the release of its platform, the LG Art Lab Marketplace, in September 2021. It was built on the Hedera network. The platform enables webOS 5.0 or later versions to trade digital artworks. It is unclear if the TV will integrate with different wallets or be limited to LG’s Wallypto, the company’s smartphone crypto…

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