Samsung announces NFT platform for smart TVs

South Korean tech big Samsung revealed a brand new good TV lineup with an built-in nonfungible token (NFT) platform. Samsung’s 2022 good TVs corresponding to Micro LED, Neo QLED and The Body may have an NFT Platform app that can be utilized “for locating, buying and buying and selling digital paintings,” based on an announcement on Monday.

“With demand for NFTs on the rise, the necessity for an answer to at this time’s fragmented viewing and buying panorama has by no means been better,” the corporate noted.

In 2022, the corporate goals to introduce the primary good TV NFT explorer and market aggregator. The upcoming platform will allow viewers to browse and likewise commerce NFTs with out leaving the sofa. Whereas it’s unclear precisely which NFT platforms or marketplaces will probably be included for aggregation, Samsung promised its good TVs won’t tamper with the picture high quality, holding the NFT creator’s pre-set values.

Aside from integrating NFTs in its merchandise, the South Korean multinational conglomerate has been actively investing in NFT and metaverse initiatives by way of its enterprise capital arm, Samsung Subsequent. On Wednesday, the agency participated in an funding spherical for a metaverse gaming platform.

Except for Samsung, different huge corporations have additionally boarded the NFT prepare. Again in July 2021, Coca-Cola received into NFTs for charitable functions. A month later, Visa bought a “CryptoPunk” NFT for $150,000.

Associated: NFTs to assist brewers and farmers protect UNESCO Belgian beer heritage

In the meantime, digital artwork collections and digital collectible NFT gross sales dominated final yr, comprising 91% of whole NFT gross sales. Because the gross sales rise, an increasing number of NFT- and metaverse-based corporations are elevating vital quantities to fund their initiatives. Blockchain gaming corporations additionally raised greater than a billion {dollars} in investments final yr.

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