LG Electronics, a television company - headquartered in Seoul, has created a new NFT platform using the <a href="https://hedera.com/" target="_blank" rel="nofollow noopener">Hedera blockchain</a>. The platform used by the business is known as LG Art Lab. According to a statement given today, it will allow users a method to purchase, sell, and show digital art in the form of <a href="https://www.cryptoknowmics.com/news/hq-trivia-meets-nfts-raises-7-million-in-a-seed-funding-round/" target="_blank" rel="noopener">NFTs</a> on their televisions.
<h2>Collaboration Of LG And Hedera</h2>
The collaboration between Hedera and LG Electronics commenced in 2020, when LG joined the Hedera governing council, including Google, IBM, Deutsche Telekom, and the Indian Institute of Technology (IIT).

https://twitter.com/hedera/status/1566602758358061058

LG is not the first significant company to notice the potential in the NFT market. In June, the Swiss watchmaker Tag Heuer unveiled a new technology that allowed users to show NFTs on the screen of specific <a href="https://www.cryptoknowmics.com/news/tag-heuer-has-introduced-a-new-watch-feature-called-nft-display/" target="_blank" rel="noopener">smartwatches</a>.

According to the statement, webOS 5.0 or later televisions may access LG Art Lab in the US. It features a section with artist biographies and teasers of forthcoming work, as well as a countdown to looming NFT "drops." Trading can take place on the platform's marketplace.
<h2>Creation of Mobile Cryptocurrency Wallet - Wallypto</h2>
LG Electronics and the Hedera network collaborated to create an app that lets users buy NFTs using Wallypto, LG's mobile <a href="https://www.cryptoknowmics.com/news/where-to-store-your-cryptocurrency-exchanges-or-wallets/" target="_blank" rel="noopener">cryptocurrency wallet</a>. The Hedera network serves as the platform's backbone, and the transactions are executed through Wallypto, an LG-patented cryptocurrency wallet for smartphones that is currently in the beta testing phase.

Christian Hasker, CMO of Swirlds Labs, the company that developed Hedera, stated,
<blockquote><em>"The announcement will bring NFTs beyond being computer-based collectibles and toward becoming a piece of art displayed as any other artwork would be within the home of its owner."</em></blockquote>

LG Electronics Introduces LG Art Lab NFT Platform With Hedera

LG Electronics has created a new NFT platform, LG Art Lab, which will allow users to purchase, sell, and show digital art in the form of NFTs on their TVs.

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LG Electronics Introduces LG Art Lab NFT Platform With Hedera

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