Samsung Smart TV models with NFT purchase and management capabilities for digital art collectors

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Samsung has validated the crypto space in its own way by announcing new features that will be part of its upcoming line of smart TVs. The South Korean technology giant has presented a new “NFT Aggregation Platform”, which will be presented at CES 2022 with its latest smart TV models. The feature allows users to browse NFTs for sale and even buy them on TV. NFTs or non-fungible tokens are digital collectibles based on films, games or works of art that are transmitted to a blockchain network and blocked there.

According to the company, the NFT aggregation platform will pull NFTs from several marketplaces on Samsung smart TVs. Users can preview these NFTs as well as read about their creator and the story behind the parts.

People who already own NFTs are allowed to showcase their holdings on Samsung TVs.

“In 2022, Samsung will launch the world’s first TV-based NFT explorer and marketplace aggregator, a breakthrough platform that lets you search, buy and view your favorite art – all in one place. The platform is also great for NFT creators looking to share their art with the world, “Samsung reportedly said in a statement.

The feature will be available on Samsung’s Smart TV offerings on the MicroLed, Neo QLED and The Frame models.

The company announced this in advance of the Consumer Electronics Show (CES) 2022, which will take place in Las Vegas in the United States on Wednesday, January 5th. However, due to the proliferation of Omicron, several tech majors such as Google, Amazon, Microsoft, and Lenovo will not physically attend CES 2022.

While Samsung has announced the incorporation of NFT-friendly settings into its products, Twitter is also reportedly working on a tab called “Collectibles” that will allow users to showcase their NFT collections and holdings on the microblogging platform.

In the third quarter of 2021, the NFT sales volume increased to 10.7 billion US dollars (approx. 79,820 billion rupees), more than eight times as much compared to the previous quarter, according to data from the market tracker DappRadar.

Rising sales and high prices for NFTs have baffled many, but the multiple growth shows little or no depreciation.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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