Samsung signs MoU deal to give new NFT project offline utility
South Korean electronics giant Samsung is working to build its non-fungible token (NFT) ecosystem. Samsung has signed a memorandum of understanding (MoU) with several retail stores to give its New Galaxy NFT project real-world utility. Per a news release, holders of the Samsung NFTs can access discounts when they finalize the purchase of the company’s Galaxy S22 series.
Customers who own one of the NFT pieces will be able to access perks such as discounts and savings at the said outlets. A company spokesperson said the initiative is aimed at promoting consumer experience innovation. Samsung intends to extend the initiatives to customers who pre-order its new foldable phone series, including Z Flip 4 and Z Fold 4, which will be announced during its Unpacking Event slated for August 10.
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