South Korean tech firm LG Electronics has filed a patent software for its blockchain-based Sensible TV that enables customers to commerce nonfungible tokens (NFTs).
The knowledge was printed on WIPO’s world database for mental property on Might 11. In accordance to WIPO’s documentation, a patent software is printed 18 months after the submitting date or the precedence submitting. Based mostly on this timeline, LG’s software was submitted in November 2021. The following steps embody substantive examination, adopted by granting or refusing authorized safety to the invention.
In accordance with LG’s software, its know-how permits units to attach with a crypto pockets and an NFT market server to allow transactions. When related to an NFT market server, the machine incorporates onscreen QR codes that allow customers full transactions through a cryptocurrency pockets.
The appliance follows the discharge of LG’s personal NFT platform final September — the LG Artwork Lab Market is predicated on the Hedera community. It permits TVs operating webOS 5.0 or later variations to commerce digital artworks.
It is unclear if the TV will combine with totally different wallets or be restricted to LG’s Wallypto, the corporate’s smartphone crypto pockets, which can also be obtainable on its Artwork Lab Market.
LG is onboarding a variety of Web3 options on its units. In January, the corporate disclosed a partnership with cloud-based know-how platforms Oorbit and Pixelynx to carry the metaverse immediately into viewers’ residing rooms. On the time, Cointelegraph reported that the collaboration was designed to permit clients to discover interconnected digital worlds, concert events and synthetic intelligence multiplayer video games by way of their LG TVs.
LG isn’t the one huge tech firm working to combine Web3 into its merchandise. Final yr, its competitor Samsung introduced a brand new sensible TV lineup built-in with an NFT platform. The corporate can also be actively investing in NFT and metaverse initiatives by way of its enterprise capital arm, Samsung Subsequent.
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