LG Electronics, a television company – headquartered in Seoul, has created a new NFT platform using the Hedera blockchain. The platform used by the business is known as LG Art Lab. According to a statement given today, it will allow users a method to purchase, sell, and show digital art in the form of NFTs on their televisions. Collaboration Of LG And Hedera The collaboration between Hedera and LG Electronics commenced in 2020, when LG joined the Hedera governing council, including Google, IBM, Deutsche Telekom, and the Indian Institute of Technology (IIT). Governing Council Member @LGElectronics has launched LG Art Lab – built on @Hedera – enabling LG TV owners to buy, sell and showcase #HederaNFTs from their screens. All LG TVs running webOS5.0 will be able to interact with the LG Art Lab app. #HelloFuturehttps://t.co/KQBUgaE2j5 — Hedera (@hedera) September 5, 2022 LG is not the first significant company to notice the potential in the NFT market. In June, the Swiss watchmaker Tag Heuer unveiled a new technology that allowed users to show NFTs on the screen of specific smartwatches. According to the statement, webOS 5.0 or later televisions may access LG Art Lab in the US. It features a section with artist biographies and teasers of forthcoming work, as well as a countdown to looming NFT “drops.” Trading can take place on the platform’s marketplace. Creation of Mobile Cryptocurrency Wallet – Wallypto LG Electronics and the He...
