Smart TVs and NFTs Collide: Samsung Introduces World’s First Television-Based NFT Platform

NFT

The well known electronics giant Samsung, the manufacturer of LCD and LED panels, laptops, mobile phones, memory chips, and televisions, revealed that the firm’s upcoming smart TVs will incorporate non-fungible token (NFT) technology.

Samsung reveals smart TV with NFT capabilities

One of the world’s largest electronics manufacturers, Samsung Electronics, has noticed how popular NFTs are today and the company thinks it takes something to visualize these digital works of art. The US Samsung Newsroom published a summary of the company’s latest line of MICRO LED, Neo QLED and Lifestyle televisions with “cutting edge customization options.”

The NFT description is toward the end of the announcement which explains that “Samsung’s 2022 Smart TVs come with a new Smart Hub.” In addition to features like the “Gaming Hub,” “Watch All,” and an NFT Platform. “This application features an intuitive, integrated platform for discovering, purchasing and trading digital artwork through MICRO LED, Neo QLED and The Frame,” Samsung’s announcement details.

Samsung also discussed the NFT platform with news release The Verge, as the company said it noticed the popularity of NFT technology. The electronics giant says the new TVs will be the first of their kind with an explorer and an NFT marketplace.

“With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater. In 2022, Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase, and display your favorite art — all in one place,” Samsung said.

Samsung’s entry into the NFT world came as a slew of well-known brands and celebrities took the NFT train. Over the past year, unique NFTs sold for millions of cryptoassets and a number of NFT projects have amassed market caps of billions of dollars.

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