LG Electronics Launches NFT Art Lab
The Art Lab will allow users to purchase NFTs using their LG TVs and store the assets in their wallets.
LG Launches Art Lab
LG Electronics has launched an NFT platform for its TVs. The platform, LG Art Lab, is currently available in the US, running webOS on LG TVs and is directly accessible through the home screen. Users can use this platform to buy high-quality digital artwork displayed on the TV screen before purchasing.
This development shows a positive outlook for the NFT markets as more companies continue to invest in the technology. It will also allow users to stick to their TV screens to enjoy the beauty of NFT artworks.
Features of the LG Art Lab
The platform can handle all activities surrounding the trade of NFT using LG TVs. In addition, it has the LG Art Lab Drops Feature, which shows the profile of the artist and a preview of new artworks yet to be published on the platform. It also includes a 'real-time Live-Drop' meaning that just-released NFTs will be available for users to purchase.
This platform works on the Hedera network, arguably the most-used enterprise-grade ledger for any decentralized economy. In addition, it incorporates QR codes that users can quickly scan and complete transactions with the company's crypto wallet, Wallypto. This makes buying and selling simple and instant on this platform.
Users can trade their purchased NFTs on the LG Art Lab Marketplace.
The first artwork to be published in the Art Lab is the 'Metal' series from renowned sculptor Barry X Ball, famous for reinventing ‘classical and modernist sculptures using the latest 3D technologies.’
These artworks will be available on the platform soon, and other series will follow. In addition, the platform has a feature that allows short films and other descriptions to be included in the artworks to illuminate the masterpiece in the users' minds. In another announcement, LG said the Utomik cloud gaming subscription service is now available on its TVs via the LG TV app. It will start in November and will cost between eight to thirteen euros.