An NFT Platform For Smart TVs Is Unveiled By Samsung.

An NFT Platform For Smart TVs Is Unveiled By Samsung.

2022-01-04 | Selina Mathew

An NFT Platform For Smart TVs Is Unveiled By Samsung.

Samsung, the technology behemoth of South Korea introduced a novel smart TV range featuring an integrated nonfungible token (NFT) platform. As per a Monday release, Samsung's 2022 smart TVs, including the Micro LED, Neo QLED, and The Frame would include an NFT Platform app for "discovering, acquiring, and exchanging digital artwork."

The business intends to launch the debut smart TV NFT explorer and marketplace aggregator in 2022. The new site will allow spectators to search and trade NFTs without having to leave their sofa. Although it is unknown whether NFT platforms or markets would be considered for aggregation, Samsung has stated that its smart TVs will not mess with picture clarity, instead of maintaining the NFT author's pre-set parameters.

In addition to incorporating NFTs into its goods, the South Korean global corporation has been aggressively financing in NFT and metaverse initiatives via its venture capital arm, Samsung Next. On Wednesday, the business took part in a funding phase for a metaverse game platform.

Apart from Samsung, several major corporations have jumped on board the NFT bandwagon. Coca-Cola entered the NFT market for charity reasons in July 2021. A month afterward, Visa paid $150,000 for a "CryptoPunk" NFT.

However, the year before, digital art collections and digital collectible NFT sales prevailed, accounting for 91 percent of overall NFT sales. As sales increase, an increasing number of NFT- and metaverse-based enterprises raise considerable funds to support their initiatives. The year before, blockchain gaming startups collected over a billion dollars in funding.

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