Thursday, January 27, 2022
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By Oluwapelumi Adejumo
Published 51 mins ago Updated 51 mins ago

The acceptance rate of cryptocurrencies and other financial, technological worlds is on the rise globally is no longer news. But as the year commences, users of Non-Fungible Tokens might be ready for impact, a positive one. 

Samsung Smart TVs to add NFT Features

This became evident as details as now emerged that South Korean-based TV giant, Samsung, will launch a new set of Samsung smart TVs anytime soon, but that’s not the catch. 

The catch is that these smart TVs will come with a built-in platform that provides users a platform to browse, buy and sell NFTs.

On Monday, an announcement by the company indicated that these smart TVs that include Micro LED, Neo QLED, and The Frame would have an NFT Platform app that can be used for discovering purchasing and trading digital artwork.

The company’s statement indicated that embracing this became necessary due to the ever-growing rate of NFTs demand in the global market. 

This demand, the company explained, necessitated a situation whereby a new solution became inevitable for the already fragmented viewing and purchasing landscape in the world, which has never been greater in 

Between January and December this year, the company aims to become the first company to provide the first set of smart TV NFT explorer and marketplace aggregators, thereby putting it in a position of control over the industry. 

As of the time of writing this report, little details are publicly available regarding how the company intends to do this, the NFTs platforms that will be partnered with, included, or aggregated. 

However, the company made it clear that it intends to provide smart TVs that will not tamper with the image quality while at the same time keeping the NFT creators pre-set values.

Besides integrating NFTs in its products, the South Korean multinational conglomerate has been actively investing in NFT and metaverse projects through its venture capital arm, Samsung Next. On Wednesday, the firm participated in an investment round for a metaverse gaming platform.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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