Samsung announced first smart TV with NFT trading Support

TechyMunch Team
5 Min Read

The first televisions with NFT support will begin to appear in stores in the coming months.

The NFT hype train has reached Samsung TV with NFT trading Support, allowing you to see and purchase artwork from the comfort of your own home.

Samsung has announced that its upcoming smart TV with NFT trading Support would include non-volatile memory (NFTs). The company is constructing an entire ecosystem to aid manufacturers and buyers in promoting and purchasing NFTs, respectively. In the following months, the first smart TV with NFT trading Support will hit the market.

Starting in 2022, Samsung plans to add NFT compatibility to its MICRO LED, Neo QLED, and The Frame televisions. On the next generation of Samsung televisions, termed the “NFT Aggregation Platform,” users will be able to exhibit their digital artwork, acquire NFTs, and exchange their NFT collections.

Samsung first smart TV with NFT trading Support

samsung TV with nft

For artists, Samsung has included a calibration tool that will automatically change settings based on the artist’s preset values on the fly, guaranteeing that the artwork is displayed exactly as the artist intended.

According to Samsung, the company’s entry into the NFT market was prompted by rising demand for the technology. “With increasing demand for NFTs, the need for a solution to today’s fragmented viewing and purchasing environment has never been greater,” the business claimed. Samsung will be the first to implement NFT exploration and marketplace aggregation on a TV screen in 2022. This revolutionary site will allow you to browse, buy, and display your favorite art all in one place.”

Additionally, the site will allow you to learn more about NFTs and blockchain, the technology that underpins all digital assets.

While some may see the move as an attempt to cash in on the NFT hype train, which has seen everyone from Ubisoft to the NBA hustle for a piece of the action, NFT fans may see the feature as a convenient way to discover and purchase digital art. Only time will tell whether Samsung’s NFT platform will follow in the footsteps of 3D TVs or thrive for a longer length of time.

NFTs to Be the Most Powerful Technology

Samsung announced first smart TV

Nanostructured thin films (NFTs) were one of the most prominent advancements in 2021, if not the most significant. The specialty has seen a dramatic growth in popularity, attracting both individual investors and movie stars. Following this, numerous of these celebrities went on to share their own work, whether it be music or visual art, through non-profit organisations, and their efforts were deemed successful.

However, there has been strong pushback, particularly when the subject of worth is raised. Many investors believe that the NFT market has become bloated as a result of an excess of people flooding the market with NFTs and inaccurate valuations.

While there may be a general rethinking of the NFT field by 2022, a big drop in interest by that year is unlikely. In the world of NFTs, there is a lot of potential and cash at stake for sports teams, corporations, and celebrities, and it appears unlikely that they will not take advantage of it.

It should be noted that the statement came ahead of the Consumer Electronics Show (CES) 2022, which will be held in Las Vegas beginning January 5. However, due to the increasing incidence of coronavirus variant Omicron, prominent tech giants such as Google, Amazon, Microsoft, and Lenovo will not be physically present at the CES 2022.

In the cryptocurrency world, NFTs are setting new marks. So far, people have spent more than $9 billion on NFT sales. According to the Chainalysis 2021 NFT market study, about $26.9 billion in NFTs were traded across all NFT marketplaces, indicating the market’s growing dominance.

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