New LG platform lets users buy, sell NFTs via its premium TVs

by IANS |

New Delhi, Sep 5 (IANS) LG Electronics on Monday launched its very own non-fungible token (NFT) platform called LG Art Lab compatible with its premium TVs.

The new platform, available in the US on the company's TVs running webOS 5.0 or later and accessible directly from the home screen, enables users to buy, sell and enjoy high-quality digital artwork.

"When displayed on the cinematic, 16:9 aspect ratio screens of LG's TVs, NFTs come fully to life," the company said in a statement.

LG's new platform is based on the Hedera network -- the enterprise-grade public ledger for the decentralised economy.

It makes buying and selling as simple as possible, incorporating onscreen QR codes that let users quickly complete transactions via Wallypto -- the company's crypto-currency wallet for smartphones, LG said in a statement.

Once purchased, an NFT can be traded on 'LG Art Lab Marketplace', where users can easily view transaction history, while in 'My Collection', they can admire all of their owned artworks.

The platform includes the 'LG Art Lab Drops' feature, which profiles artists and previews new works coming soon to the platform.

Meanwhile, the real-time Live Drops countdown ensures users never miss an opportunity to acquire a ajust dropped' NFT.

LG Art Lab welcomed the first-ever digital artwork from well-known sculptor Barry X Ball.

Famous for reinterpreting classical and modernist sculptures using the latest 3D scanning and printing technologies, as well as traditional techniques, Barry X Ball is now making his exciting debut in the world of NFT art with unique 'Metal' series digital works.

Latest News
Sensex crosses 74K mark in 1000 points rally Thu, Mar 28, 2024, 03:42 PM
Man stabbed to death during fight over drinking water Thu, Mar 28, 2024, 03:41 PM
Actor Mukesh, BJP candidate Ashwini file nominations in Kerala Thu, Mar 28, 2024, 03:22 PM
Gillespie resigns from his role as South Australia, Adelaide strikers' head coach Thu, Mar 28, 2024, 03:15 PM
'No scope for individuality in party', Karnataka DyCM Shivakumar warns warring leaders Thu, Mar 28, 2024, 03:10 PM
Ukrainian FM arrives in India to build on talks between PM Modi, Volodymyr Zelenskyy Thu, Mar 28, 2024, 03:02 PM
Political conspiracy, claims Kejriwal while being taken to Rouse Avenue Court Thu, Mar 28, 2024, 02:47 PM
NXP Semiconductors unveils industry-first platform for software-defined vehicles Thu, Mar 28, 2024, 02:41 PM
CM Vijayan & CPI(M) tread cautiously after ED case against Veena Vijayan Thu, Mar 28, 2024, 02:37 PM
IPL 2024: 'They opened for Australia...', says Ganguly on DC's opting for Warner, Marsh as opening pair vs PBKS Thu, Mar 28, 2024, 02:28 PM
India's trade policy is calibrated with economic growth path: Piyush Goyal Thu, Mar 28, 2024, 02:17 PM
Holi brings cheer to UP excise dept as sales soar Thu, Mar 28, 2024, 02:11 PM
Punjab CM Bhagwant Mann blessed with baby girl Thu, Mar 28, 2024, 02:10 PM
New AI tool can predict fatal heart rhythm with 80 pc accuracy Thu, Mar 28, 2024, 12:41 PM
IPL 2024: 'Perplexed, beyond my understanding', Smith, Pathan slam Hardik's tactics of using Bumrah vs SRH Thu, Mar 28, 2024, 12:27 PM