2 years ago
The accusation was published connected WIPO's planetary database for intelligence spot connected May 11, 18 months aft LG filed its application.
South Korean tech institution LG Electronics has filed a patent exertion for its blockchain-based Smart TV that allows users to commercialized nonfungible tokens (NFTs).
The accusation was published connected WIPO's planetary database for intelligence spot connected May 11. According to WIPO's documentation, a patent exertion is published 18 months aft the filing day oregon the precedence filing. Based connected this timeline, LG's exertion was submitted successful November 2021. The adjacent steps see substantive examination, followed by granting oregon refusing ineligible extortion to the invention.
According to LG's application, its exertion allows devices to link with a crypto wallet and an NFT marketplace server to alteration transactions. When connected to an NFT marketplace server, the instrumentality incorporates onscreen QR codes that fto users implicit transactions via a cryptocurrency wallet.
A partial drafting of the projected patent. Source: Wipo. The exertion follows the merchandise of LG's ain NFT level past September — the LG Art Lab Marketplace is based connected the Hedera network. It allows TVs moving webOS 5.0 oregon aboriginal versions to commercialized integer artworks.
It's unclear if the TV volition integrate with antithetic wallets oregon beryllium restricted to LG's Wallypto, the company's smartphone crypto wallet, which is besides disposable connected its Art Lab Marketplace.
LG is onboarding a scope of Web3 solutions connected its devices. In January, the institution disclosed a partnership with cloud-based exertion platforms Oorbit and Pixelynx to bring the metaverse straight into viewers' surviving rooms. At the time, Cointelegraph reported that the collaboration was designed to let customers to research interconnected virtual worlds, concerts and artificial quality multiplayer games done their LG TVs.
LG is not the lone large tech institution moving to integrate Web3 into its products. Last year, its rival Samsung announced a caller astute TV lineup integrated with an NFT platform. The institution is besides actively investing successful NFT and metaverse projects done its task superior arm, Samsung Next.
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