LG announced the introduction of support for non-fungible tokens (NFT) in its smart TVs, which can be purchased in the Art Lab marketplace. NFT technology allows you to certify the ownership of digital assets, which can be images, videos or text.
At the first stage, the function is available only to users in the United States who own TVs running the webOS operating system version 5.0 and higher. To purchase tokens, QR codes on the screen will be used, and the Wallypto application will be used to conduct transactions. Financial transactions will be carried out using the USD Coin (USDC) cryptocurrency.
The LG NFT platform is based on the Hedera network using Hashgraph technology. The South Korean company is one of the few corporations actively involved in the development of the Hedera platform. The network is supposed to be faster and more efficient than the blockchain.
While the store is actually empty. It should be replenished on September 22, when tokens of the sculptor Barry X Ball, well-known in certain circles, will appear on its site, only a video advertising his work is shown. LG announces that they intend to expand the range of NFT content on a monthly basis. It will be possible to view it before purchase in the Art Lab application.