Tech big LG Electronics has filed a patent for its Good TV. The blockchain primarily based TV will allow customers to commerce NFTs. The WIPO’s world database for mental property on Could 11 printed the knowledge, stating that the patent utility is normally printed 18 months after the submitting date or precedence submitting. Thus, LG’s utility was filed in November 2021.
LG patent utility printed
The patent utility outlines that LG’s expertise will enable units to attach with a cryptocurrency pockets and an NFT market server to facilitate transactions. The expertise would function onscreen QR codes when the system is related to an NFT market server to permit customers to finish transactions by way of their cryptocurrency pockets.
LG’s new NFT platform follows the discharge of its platform, the LG Artwork Lab Market, in September 2021. It was constructed on the Hedera community. The platform allows webOS 5.0 or later variations to commerce digital artworks. It’s unclear if the TV will combine with totally different wallets or be restricted to LG’s Wallypto, the corporate’s smartphone crypto pockets, which can also be obtainable on its Artwork Lab Market.
LG is onboarding a number of Web3 options on its units. In January 2022, the corporate inked partnership with expertise platforms, Oorbit and Pixelynx, to carry the metaverse into customers of their TVs. The collaboration will allow its clients to discover digital worlds, concert events, and different issues by means of their TVs.
Electronics corporations are engaged on Web3 merchandise
LG just isn’t the one tech big working to combine Web3 into its merchandise. In 2021, Samsung introduced its sensible TV, built-in with an NFT platform. Samsung can also be actively investing in NFT and metaverse tasks by means of its enterprise capital arm, Samsung Subsequent.
The agency’s subsequent steps embrace a substantive examination, adopted by the granting or refusal of authorized safety for the invention. This patent utility highlights its curiosity in blockchain expertise and its continued efforts to include it into its units.
The mixing of blockchain expertise into units has the potential to revolutionize the way in which folks work together with their TVs, making them extra than simply passive leisure units. By permitting customers to commerce NFTs, LG’s Good TV might open up new income streams for content material creators and artists, offering them with a brand new approach to monetize their work.
The corporate’s blockchain-based Good TV patent utility signifies the corporate’s curiosity in blockchain expertise and its efforts to include it into its units. The mixing of Web3 options in its units highlights the corporate’s efforts to remain forward within the expertise race and provide new, progressive experiences to its clients.