Samsung to Bring Smart TV Models With NFT Trading Functionality In 2022

South Korea-based TV maker Samsung said on Monday that its next TVs will support NFT commerce, starting with its 2022 TV line-up, IANS news agency reported. NFTs are a type of digital asset that uses the blockchain to document ownership of items such as images, videos, and other collectibles.

As blockchain-based non-fungible tokens (NFTs) gain popularity around the world, various companies are coming up with new ideas. The NFT market has a total market cap of $ 22,349,691.12 as of Jan. 3, 2022, and sales volume has exceeded $ 140,784.48, according to data from coinmarketcap.com.

NFT Support includes an intuitive and integrated platform for discovering, purchasing and trading digital artwork via MICRO LED, Neo QLED and The Frame, IANS reported.

“With the growing demand for NFT, the need for a solution to today’s fragmented viewing and shopping landscape has never been greater,” IANS said, citing Samsung’s statement.

“In 2022, Samsung introduces the world’s first on-screen TV NFT market explorer and aggregator, a revolutionary platform that lets you browse, buy and display your favorite works of art, all in one only place, ”IANS said.

The NFT platform will allow creators to share their art with the world and potential buyers to “preview an NFT before they buy it and learn about the history of an NFT and Blockchain metadata.”

The IANS further noted that detailed information on the NFT platform will soon be released by the company in the coming months.

In addition, the recently launched NFT platform for exclusive Bollywood content, BollyCoin has announced that its first collection of NFTs from the Dabangg movie franchise is now live, PTI reported.

The project, co-founded by producer and actor Atul Agnihotri, has partnered with Salman Khan Films, Arbaaz Khan Productions, Sohail Khan Productionz, Reel Life Productions and Salman Khan himself for static NFTs.

Last year in 2021, the NFT market generated more than $ 23 billion in trading volume, according to crypto data analysis platform DappRadar.com.

In the NFT world, Taiwanese artist Shaogao sold a non-fungible “Wise Samurai” token (NFT) depicting a cartoon samurai with a red Oni mask (a demon from Japanese folklore) on his shoulder for over $ 7,408 , the 31st of December. quoted Apple Daily.

In India, at least a half-dozen crypto platforms are breaking into the NFT space, believing it would not be banned because NFTs hold an underlying asset that is traded digitally, according to the Economic Times.

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