LG Seeks Patent for NFT Trading TV

LG Seeks Patent for NFT Trading TV

LG Electronics is seeking patent protection for a television that facilitates non-fungible token (NFT) trading.

The Deets

  • 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.

Competitor Moves

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.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.