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Samsung Set to Integrate NFTs into its TV Technology in 2022

By:
Tanvir Zafar
Updated: Jan 3, 2022, 13:05 UTC

Samsung will develop a TV-based NFT marketplace that will support digital artwork on MICRO LED, Neo QLED and The Frame.

Samsung Set to Integrate NFTs into its TV Technology in 2022

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Days before the Consumer Electronics Show (CES) 2022, the South Korean tech giant has officially announced its NFT aggregation platform. The platform will be supported by its exclusive smart TV launch. This platform will allow users to browse NFTs for sales, with the option of purchasing them via television.

Support for Digital Artwork on MICRO LED, Neo QLED, and The Frame

On Samsung smart TVs, the NFT aggregation platform fetches NFTs from various marketplaces, and users will be able to preview these NFTs, read about its creator, and learn about the digital art tokens. According to the company, users can browse and trade NFTs through Samsung’s MicroLed, Neo QLED, and The Frame models.

According to a company’s press release, with demand for NFTs on the rise, companies have never been more crucial to offer customers a solution to the fragmented landscape of viewing and purchasing.

Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator in 2022. The platform is a game-changing platform that allows users to browse, buy, and display their favorite artists all in one place.

In the cryptocurrency world, NFTs are setting new records. So far, people have spent more than $9 billion on NFT sales. According to the Chainalysis 2021 NFT market report, approximately $26.9 billion in NFTs were traded across all NFT marketplaces, indicating the market’s growing dominance.

Creators Will Now Share Their Art with the World

NFTs are digital assets that have been around for a long time, but crypto and crypto art has gotten a new lease on life in recent months.

NFTs enable people to buy and sell ownership of one-of-a-kind digital items in cryptocurrencies while keeping track of who owns them on the blockchain. Technically, these can contain anything digital, such as drawings, artworks, tweets, or even video games.

Creators will share their work with the rest of the world via the Samsung NFT platform. They will allow potential buyers to view and learn about an NFT’s history and blockchain metadata before purchasing it. The company will release more information about the NFT platform in the coming months.

The Consumer Electronics Show (CES) 2022

A note should be made that the announcement comes ahead of the Consumer Electronics Show (CES) 2022 that will take place in Las Vegas from January 5. The company will also introduce its newest TV models at Consumer Electronics Show 2022 to the world.

They promise an improved picture and sound quality, a more comprehensive range of screen sizes, customizable accessories, and an enhanced interface.

However, due to the increasing cases of coronavirus variant Omicron, several tech giants such as Google, Amazon, Microsoft, and Lenovo will not be physically present at the CES 2022.

About the Author

Tanvir Zafarcontributor

Tanveer Zafar is a independent crypto journalist. He is passionate in covering topics about Blockchain, Cryptocurrency and Markets. He has five years of writing experience in these areas of interest. You can find his pieces featured on FXStreet, Benzinga, Investing and many more finance magazines. Tanveer has done his BS in Software Engineering at GC University. Previously, he has worked as a banker.

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