LG Electronics Seeking Patent for a Blockchain-Based NFT-Tradi | NFT & Crypto Updates

LG Electronics Seeking Patent for a Blockchain-Based NFT-Trading Smart TV

South Korea’s consumer electronics giant LG Electronics is seeking a patent for a blockchain-based smart TV that would allow users to trade NFTs with ease. The details of this patent application were published on the World Intellectual Property Organization’s (WIPO) database last Thursday. The application describes a TV that integrates blockchain technology in several unique ways. The TV also incorporates QR codes so that smartphones could be used to quickly complete a transaction. It’s crucial to note that a patent application does not necessarily guarantee that LG Electronics will proceed with this product. It hasn’t been granted yet nor does anyone know if LG still wants to build it. Given that WIPO patent applications are published 18 months after filing, LG Electronics’ enthusiasm for the idea might have waned, especially considering the current slump in NFTs. This is only one of the many ways LG plans on integrating blockchain technology into their products and services.

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