{"id":532572,"date":"2023-05-13T13:35:26","date_gmt":"2023-05-13T13:35:26","guid":{"rendered":"https:\/\/wncen.com\/?p=532572"},"modified":"2023-05-13T12:10:30","modified_gmt":"2023-05-13T12:10:30","slug":"south-koreas-lg-electronics-files-for-nft-trading-tv-patent","status":"publish","type":"post","link":"https:\/\/wncen.com\/nft\/south-koreas-lg-electronics-files-for-nft-trading-tv-patent\/","title":{"rendered":"South Korea&#8217;s LG Electronics Files For NFT-Trading TV Patent"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A recent <\/span><a href=\"https:\/\/patentscope.wipo.int\/search\/en\/detail.jsf?docId=WO2023080273\" rel=\"nofollow\"><span style=\"font-weight: 400\">report published<\/span><\/a><span style=\"font-weight: 400\"> on WIPO\u2019s global database for intellectual property disclosed LG Electronics&#8217; application to acquire an NFT trading patent for its Smart TV.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the WIPO <\/span><a href=\"https:\/\/www.wipo.int\/edocs\/pubdocs\/en\/wipo-pub-rn2021-1e-en-wipo-guide-to-using-patent-information.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400\">guide<\/span><\/a><span style=\"font-weight: 400\"> states that a filing application can only be published after 18 months. As such, the South Korean tech company filed for the patent in November 2021.\u00a0<\/span><span style=\"font-weight: 400\">Now LG is awaiting the remaining steps to grant or deny the patent.\u00a0<\/span><\/p>\n<h2>LG\u2019s Technology Supports NFT Trading On Smart TV<\/h2>\n<p><span style=\"font-weight: 400\">The LG technology will enable users to connect their crypto wallet and an NFT market server for trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">After connecting to the NFT server, users will see an onscreen QR code to enable them to transact through their crypto wallet.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/pepe\/pepe-attempts-market-rebound-surges-by-28-in-24-hours\/\">PEPE Attempts Market Rebound, Surges By 28% In 24 Hours<\/a><\/div>\n<p><span style=\"font-weight: 400\">Before this patent application, LG <\/span><a href=\"https:\/\/www.lgnewsroom.com\/2022\/09\/lg-tvs-turn-living-room-into-digital-art-gallery-with-new-nft-platform\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">launched<\/span><\/a><span style=\"font-weight: 400\"> an NFT platform, &#8220;LG Art Lab marketplace,&#8221; in September 2022.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The platform launched on the Hedera network which allows all smart televisions running webOS 5.0 or the later versions to trade digital arts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Users can buy and sell high-quality digital artwork on the Smart TV home screen. Also, the platform features &#8220;LG Art Lab Drops&#8221; to profile artists and preview new works intending to launch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For now, the company hasn\u2019t said whether the Smart TV will accommodate other wallet apps besides LG&#8217;s smartphone crypto wallet, Wallypto, which is also used on the Art Lab Marketplace.\u00a0<\/span><\/p>\n<h2>Big Tech Companies To Integrate Web3 Solutions On Smart Devices<\/h2>\n<p><span style=\"font-weight: 400\">Besides the recent technology to support NFT trading on Smart television, LG plans to integrate other solutions on its devices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company partnered with cloud-based tech platforms, Oorbit and Pixelynx, to integrate Metaverse on big screens. <\/span><span style=\"font-weight: 400\">Oorbit announce<\/span><a href=\"https:\/\/twitter.com\/OorbitOnline\/status\/70902016?\" rel=\"nofollow\"><span style=\"font-weight: 400\">d on Twitter<\/span><\/a><span style=\"font-weight: 400\">, proclaiming its excitement about the partnership.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the <\/span><a href=\"https:\/\/venturebeat.com\/games\/oobit-partners-with-lg-to-bring-interoperable-metaverse-platform-to-tvs\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">reports<\/span><\/a><span style=\"font-weight: 400\">, the partnership aims to bring &#8220;interoperable virtual worlds to LG TVs.&#8221; The partners will simplify the way consumers interact in the metaverse, ensuring immersive gaming and experiences in the virtual world.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Oorbit stated that scaling its technology for the millions of customers who use LG TVs is a great way to bring the metaverse closer to the people.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/lido-surges-in-single-day-maintains-dominance-in-liquid-staking\/\">Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market<\/a><\/div>\n<p><span style=\"font-weight: 400\">Before the partnership, LG had expanded its business development goals to include crypto and blockchain-based software development.<\/span><\/p>\n<p><span style=\"font-weight: 400\">LG disclosed two plans based on the report during last year&#8217;s annual general meeting. The first objective is to develop and sell blockchain-based software, while the second is to sell and brokerage cryptocurrency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">There were hints and speculations that LG might launch a crypto exchange. But its spokesperson stated that the company hasn&#8217;t decided but just revealed its plans to branch out.<\/span><\/p>\n<figure id=\"attachment_532577\" aria-describedby=\"caption-attachment-532577\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-532577 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-13_16-58-21.png?resize=860%2C335\" alt=\"South Korean LG Electronics Files For NFT-Trading TV Patent\" width=\"860\" height=\"335\"><figcaption id=\"caption-attachment-532577\" class=\"wp-caption-text\">Bitcoin embarks on a journey to $27,000 l Source: <a href=\"https:\/\/www.tradingview.com\/x\/2cYsuWCh\/\" rel=\"nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Apart from LG Electronics, Samsung has also become a big player in the NFT and Metaverse sectors through its venture capital arm, Samsung Next.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The electronics giant <\/span><a href=\"https:\/\/news.samsung.com\/global\/samsung-electronics-unveils-its-2022-micro-led-neo-qled-and-lifestyle-tvs-with-next-generation-picture-quality-and-range-of-cutting-edge-personalization-options\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> in early 2022 that its new smart TV product lineup, including Micro LED, The Frame, and QLED, will have an NFT marketplace.<\/span><\/p>\n<p><em>-Featured Image Source: Pexels, Chart: TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report published on WIPO\u2019s global database for intellectual property disclosed LG Electronics&#8217; application to acquire an NFT trading patent for its Smart TV.\u00a0 Notably, the WIPO guide states that a filing application can only be published after 18 months. As such, the South Korean tech company filed for the patent in November 2021.\u00a0Now LG is awaiting the remaining steps to grant or deny the patent.\u00a0 LG\u2019s Technology Supports NFT Trading On Smart TV The LG technology will enable users to connect their crypto wallet and an NFT market server for trading.\u00a0 After connecting to the NFT server, users will see an onscreen QR code to enable them to transact through their crypto wallet. Related Reading: PEPE Attempts Market Rebound, Surges By 28% In 24 Hours Before this patent application, LG launched an NFT platform, &#8220;LG Art Lab marketplace,&#8221; in September 2022.\u00a0\u00a0 The platform launched on the Hedera network which allows all smart televisions running webOS 5.0 or the later versions to trade digital arts.\u00a0 Users can buy and sell high-quality digital artwork on the Smart TV home screen. Also, the platform features &#8220;LG Art Lab Drops&#8221; to profile artists and preview new works intending to launch.\u00a0 For now, the company hasn\u2019t said whether the Smart TV will accommodate other wallet apps besides LG&#8217;s smartphone crypto wallet, Wallypto, which is also used on the Art Lab Marketplace.\u00a0 Big Tech Companies To Integrate Web3 Solutions On Smart Devices Besides the recent technology to support NFT trading on Smart television, LG plans to integrate other solutions on its devices.\u00a0 The company partnered with cloud-based tech platforms, Oorbit and Pixelynx, to integrate Metaverse on big screens. Oorbit announced on Twitter, proclaiming its excitement about the partnership.\u00a0 According to the reports, the partnership aims to bring &#8220;interoperable virtual worlds to LG TVs.&#8221; The partners will simplify the way consumers interact in the metaverse, ensuring immersive gaming and experiences in the virtual world.\u00a0 Oorbit stated that scaling its technology for the millions of customers who use LG TVs is a great way to bring the metaverse closer to the people. Related Reading: Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market Before the partnership, LG had expanded its business development goals to include crypto and blockchain-based software development. LG disclosed two plans based on the report during last year&#8217;s annual general meeting. The first objective is to develop and sell blockchain-based software, while the second is to sell and brokerage cryptocurrency.\u00a0 There were hints and speculations that LG might launch a crypto exchange. But its spokesperson stated that the company hasn&#8217;t decided but just revealed its plans to branch out. Apart from LG Electronics, Samsung has also become a big player in the NFT and Metaverse sectors through its venture capital arm, Samsung Next.\u00a0 The electronics giant announced in early 2022 that its new smart TV product lineup, including Micro LED, The Frame, and QLED, will have an NFT marketplace. -Featured Image Source: Pexels, Chart: TradingView<\/p>\n","protected":false},"author":593,"featured_media":532576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83565],"tags":[88268,15369,3750,7702,4250],"class_list":["post-532572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-lg-electronics","tag-nft","tag-samsung","tag-south-korea","tag-tv"],"acf":[],"yoast_head":"\n<title>South Korea&#039;s LG Electronics Files For NFT-Trading TV Patent<\/title>\n<meta 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