Smart TV with Blockchain: A project with small onions from LG Electronics

More and more Web3 features have been integrated into smart TVs lately. With a simple click via the remote, users can access the metaverse, NFT marketplaces and their crypto wallet, if we take into account the ambitions of Samsung and LG. And both, believing that this approach contributes to the democratization of Web3do not want to stop there.

LG Electronics, soon smart TVs compatible with the blockchain

LG Electronics is not at its first initiative in Web3 and cryptocurrencies. In September 2022, for example, the South Korean multinational presented Wallypto. This is an application suitable for some LG brand devices and suitable forblockchain mining.

In an article published on May 13, Today NFT revealed that LG Electronics has just filed a patent for a blockchain-based smart tv. This will also allow NFT exchanges.

The media specialist in non-fungible tokens also clarified that this deposit was the subject of a publication on the WIPO global database for intellectual property. This update follows a request from LG filed in November 2021. Logically, a substantive review will follow this step. And afterwards, legal certainty will give (or not) its approval.

Details of said request

The present invention is characterized in that it comprises: a output unit containing a display unit and a sound unit; a communications unit designed to establish a communication connection to a server of NFT market ; a memory containing a cryptocurrency wallet ; and a control unit which accesses the NFT market server based on essential information stored in the cryptocurrency wallet, receives and displays preview artwork data corresponding to at least one digital artwork and, when a user makes a selection, generates a purchase transaction based on the essential information stored in the cryptocurrency wallet and receives from the NFT market server NFT status information of an artwork digital corresponding to the selected preview artwork and featuring updated transaction details. »

It should also be noted that the launch of LG Art Lab Marketplace is already a big step in Web3. This is home to Wallypto, among others. Added to this is the partnership established with Pixelynx and Oorbit which will facilitate access to the metaverse via LG televisions. In addition, the LG Electronics team is currently to include Web3 talent after its recruitment in November 2022.

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