LG Electronics recordsdata patent for NFT-trading TV

South Korean tech firm LG Electronics has filed a patent software for its blockchain-based Sensible TV that permits customers to commerce nonfungible tokens (NFTs). 

The data was published on WIPO’s international database for mental property on Could 11. According to WIPO’s documentation, a patent software is revealed 18 months after the submitting date or the precedence submitting. Primarily based on this timeline, LG’s software was submitted in November 2021. The subsequent steps embrace substantive examination, adopted by granting or refusing authorized safety to the invention.

In line with LG’s software, its expertise permits units to attach with a crypto pockets and an NFT market server to allow transactions. When related to an NFT market server, the gadget incorporates onscreen QR codes that allow customers full transactions through a cryptocurrency pockets.

A partial drawing of the proposed patent. Supply: Wipo.  

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 completely different wallets or be restricted to LG’s Wallypto, the corporate’s smartphone crypto pockets, which can also be accessible on its Artwork Lab Market.

LG is onboarding a spread of Web3 options on its units. In January, the corporate disclosed a partnership with cloud-based expertise platforms Oorbit and Pixelynx to convey the metaverse straight into viewers’ dwelling rooms. On the time, Cointelegraph reported that the collaboration was designed to permit clients to discover interconnected digital worlds, live shows and synthetic intelligence multiplayer video games by means of their LG TVs.

LG shouldn’t be the one huge tech firm working to combine Web3 into its merchandise. Final yr, its competitor Samsung announced a new smart TV lineup built-in with an NFT platform. The corporate can also be actively investing in NFT and metaverse initiatives by means of its enterprise capital arm, Samsung Subsequent.

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