LG Seeks Patent for NFT Trading TV
LG Electronics is seeking patent protection for a television that facilitates non-fungible token (NFT) trading.
- The TV establishes a connection with an NFT market server.
- It displays preview artwork and processes purchases using the user's linked cryptocurrency wallet.
- LG has been a node operator on the Hedera Network since 2020, where it launched its Art Lab marketplace.
❗Why It Matters
LG's patent filing indicates an expectation for continued consumer interest in NFTs and a business opportunity in enhancing their accessibility.
Earlier in January 2022, Samsung launched an NFT marketplace supported by Nifty Gateway on three of its television models.
💡 What It Means
With LG's proposed TV, users can explore and purchase NFTs directly from their screens, potentially simplifying the process and introducing NFTs to a wider audience.
🔮 What's Next?
Given the patent filing, we can anticipate LG's continued developments in merging NFT technology with its consumer electronics, subject to patent approval.