This is great news for those who are interested in collecting NFTs! With the launch of LG Art Lab, more people will now have access to this exciting new market. This will help to drive innovation and growth in the NFT space, as well as increase the value of individual NFTs.
The latest platform from LG will allow users to explore, buy, sell and trade NFTs on LG smart television sets. This is a great move by the company, as it will allow users to complete transactions using the company's crypto wallet, called Wallypto. The wallet is built on the Hedera blockchain, which is a secure and reliable platform. This will enable users to safely and easily purchase NFTs on LG television sets.
The LG Art Lab Marketplace will be a great place for users to buy and sell NFTs. The transaction history feature will be very useful for tracking sales and purchases. Additionally, users will be able to view their own artwork collection. This will be a great platform for art enthusiasts and collectors.
LG-Hedera's Collaboration: Building a More Connected World
LG is planning to incorporate NFT features into its smart TVs, according to a recent announcement. This move could bring the benefits of NFT technology to a wider audience, making it easier for people to create, manage, and trade digital assets. Hedera's tweet confirms that the development is underway, and it's likely that we'll see more details emerge in the near future.
“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. #HelloFuture.”
The move to onboard Hedera for an NFT integration comes naturally as the South Korean television company first joined the Hedera Governing Council back in May 2020. During that time, LG became the sole home appliance manufacturer to be roped in as a member of the council some of which also includes – Google, IBM, Deutsche Telekom and IIT, among others. The move will allow LG to explore the potential of using Hedera's blockchain technology for its own NFT applications. LG's involvement with the Hedera Governing Council shows the company's commitment to blockchain technology and its potential applications. With this move, LG is positioned to become a leader in the NFT space.
The collaboration essentially aimed to identify that distributed ledger technology can benefit consumers and supply chain partners by facilitating seamless transactions. By joining the Hedera Governing Council, LG will help to accelerate the innovation and adoption of public DLT globally. This will ultimately benefit consumers by making it easier for them to make seamless transactions with suppliers and other partners.
Tech Firms Tapping NFT Space: New Opportunities for Growth
It's great to see that LG is following in Samsung's footsteps and integrating NFT functionality into its smart TVs. This will allow users to easily access and view NFT artwork, and also help to create a more cohesive market for NFTs.
It is great to see tech giant partnering with Nifty Gateway to help drive Ethereum adoption. Nifty Gateway is a great platform that makes it easy to buy and sell Ethereum-based digital assets. I hope that this partnership will help to further increase the use and adoption of Ethereum.
The post LG Taps Hedera Blockchain for NFT Marketplace appeared first on CryptoPotato. LG Taps Hedera Blockchain for NFT Marketplace LG has partnered with Hedera Hashgraph to launch an NFT marketplace on its new Velvet smartphone.
