The world-famous LG company is planning to launch the NFT (Non-fungible token) platform, which uses Hedera (HBAR) infrastructure, in the near future.
South Korean technology giant LG is preparing to make an ambitious entry into the NFT market. “Innovative NFT marketplace by LG”LG Art Lab” will be available on select TVs. NFT marketplace using Hedera infrastructure, users can use NFT from LG televisions with a simple QR code scanning process. to buy and sell and to display on their screens will allow.
Another South Korean company in the past Samsung‘Fame Nifty Gateway The fact that it provides NFT service on 3 different model televisions supported by LG seems to have encouraged its rival company, LG, to take part in this sector.
For the NFT marketplace in question Ethereum not the infrastructure Hedera Although it is not overlooked that its infrastructure has been chosen, there is an obvious reason for this: LG has been on Hedera’s management council since 2020. At this point, Hedera’s blockchain will provide a low carbon footprint, cheap and fast experience for NFT transactions.