LG Electronics Launches NFT Platform | Here is How it Will Work

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Smriti Razdan
Smriti Razdan
Smriti started her journey by attaining a degree in computer applications. She loves to indulge in reading undiscovered stories only to draw profound explanations about life and its existence. She welcomes you aboard on her expedition of finding herself. Smriti writes her content with a smile on her face hoping to transcend it to her readers.

LG Electronics launches NFT Platform. LG has been a part of the Hedera Network since 2020. This has allowed LG to add the NFT Platform to its Smart TVs. It allows you to purchase, deal, and trade NFTS on your LG Smart TVs. Here is all you need to know about this new platform. You can use this to even get to know about the new NFT ecosystem.

NFTs are the hottest digital currencies of the 21st Century. This digital currency is not equivalent to the money you have. Rather, depending on the NFT you buy the value will differ. Starbucks has recently added NFTs to its Loyalty Program. Other than these Bitcoin, Dodge, and Ethereum are some popular choices.

Introducing NFT #nft #nfts #nftgame
Introducing NFT #nft #nfts #nftgame

So, what is the deal with LG electronics launches NFT platform? You will get everything here. Stay till the end of the article to know how you can use the platform to your advantage.

LG Electronics Launches NFT Platform

LG Electronics Launches NFT Platform

LG Electronics recently announced that it will be adding an NFT trading platform to its Smart TVs. At a press conference, LG confirmed that it had plans to add an NFT Platform to its Smart TVs for some time now. LG Art Lab now lets you buy, sell and trade NFTs through your Smart TV. This platform is available in the US for now. All the people who own an LG TV with web0S 5.0 or later will be able to use this platform.

LG has partnered with Hedera Network to make the procedure of NFT transactions easier. You can take the benefit of the app to learn about the NFTs in the market. You can buy, sell and trade NFTs through this platform. Hedra Governing Council consists of Google, IBM, Deutsche, Telekom, and the Indian Institute of Technology.

But how can you buy and sell NFTs through a Smart TV? Here is how does LG Electronics NFT Platform work.

Also, read The Exploration of NFTs on Digital Platforms

How Does LG Electronics NFT Platform Work?

LG Electronics Launches NFT Platform

From what we know you will be able to buy and sell NFTs on your LG Smart TV through electronic wallets. You can complete the payment process using Wallypto, LG’s crypto wallet designed for smartphones. Wallypto is supported by Hedera. The wallet’s prototype has been developing since September 2021.

LG has begun the Art Lab project to let millions of users be a part of the ever-growing crypto ecosystem. You can learn about the how’s and when’s of NFTs without participating in the process. This will help many new users to invest in NFT blockchains in the future.

LG’s Art Lab has a Live Drops feature that will notify you about any changes in your purchased NFT. You will be notified when you have acquired a dropped NFT so that you will not miss anything.

Also, read Mark Zuckerberg’s NFT | 1992 Little League Baseball Card to NFT

Wrapping Up

So now I have told you all about the LG Electronics launches NFT platform. You can trade NFTs through your Smart TV using this platform. LG Art Labs will be linked to your Wallypto. You will also be notified about any changes in your purchased NFTs with Live Drops. We will keep coming up with all the latest updates in technology. Keep visiting Path of EX!

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