LG brings NFTs to its smart TVs following the latest market trends. Samsung announced a few months back that they would bring non-fungible tokens to smart TVs. Now it is LG smart TVs that have got NFT, and they have named it LG Art Lab. To decide whether it is worth buying the NFT smart TVs, one should have a complete idea of what those TVs are and their functions.
The world has gone digital in all aspects. People nowadays do and exhibit their artworks digitally. LG smart TVs having NFTs will help people in buying and selling artworks.
LG smart TVs with NFTs
As of now, NFT TV from LG is available for USA users. They can access it through webOS 5.0 or a later version. The app for NFT drops will be accessible from the LG smart television’s home screen. The smart TV user can access the latest and relevant NFT news here. This will ease buying and selling of digital works of high quality. NFT drops will be reportedly available on the smart TV from late September.
Currently, NFT Drops are not available on that platform. But once NFT Drops start existing on LG smart TVs, buying or selling is easy. The screen will show a QR code the seller or buyer must scan, and then he needs to complete the transaction by opening the Wallypto app.
Here are five important things about LG NFT TVs
How LG has built its NFT platform
LG is one of the governing members of the Hedera network. Its NFT platform has been built on Hedera. The difference between the LG NFT platform and other popular non-fungible token marketplaces will be the blockchain. Hedera doesn’t use blockchain, and it uses an alternative named hashgraph. Hedera claims to be more efficient and faster due to using a hashgraph instead of a blockchain. Hedera network will ease getting QR codes and making transactions via Wallypto. The Wallypto app is the smartphone wallet for LG’s crypto-currency.
How useful this NFT platform will be
According to LG, it will continue to add more NFTs, collecting those from artists. It will do the job of addition every month. LG will keep showcasing NFTs users have already purchased from the Art Lab app. If one intends to display his NFT collection, he can easily use this platform brought by LG. The company hopes consumers will enjoy LG smart TVs more with this Art Lab app. LG thinks that its NFT TV will be a useful medium for the display of NFT collections. Even the big companies may consider this platform before going for mainstream adoption.
NFT news will be available on the platform
The way LG tries to shape the platform is impressive so far. The app has a Drops feature, which will engage any person willing to buy or sell good digital artwork. Using NFTs will be more convenient with LG’s NFT smart TVs.
What the Drops feature is
This feature includes profiles of various artists, and it also offers a preview of a new work that will hit the platform soon. There is a real-time countdown for the Live Drops, and the app user can access NFTs which are just dropped in no time.
LG NFT TV’s story so far
LG Art Lab has already got its first digital artwork which is of high quality. It is from Barry X Ball, which reinterprets modern and classic sculptures with three-dimensional technologies. The sculptures will be accessible on LG’s NFT smart TV platform’s Drops feature, called the ‘Metal’ series. It will be followed by the ‘Stone’ series from Barry X Ball and works of other artists.
Conclusion
This new LG smart TVs NFT app platform by LG is not only for business; it will help the users understand different NFTs and their creativity. Short films on artists and their artwork are also available on the platform, along with descriptions of artwork. The user can connect to the artists through the app as well.
