LG Electronics Launch NFT Platform That Allows Users Buy And Sell NFT’s
Bitcoin alongside NFTs takes the world to another realm of digital art and collectibles, with several companies currently jumping into the NFT space for branding and the like.
Recently, South Korean multinational electronics company LG, launched its own Non-Fungible Token (NFT) platform called “LG Art lab” which allows users to buy and sell digital artworks on its smart TVs.
This launch is coming months after the electronics company disclosed at its press conference that it intends to incorporate NFT features into its smart TV.
The new platform “LG Art Lab”, is currently available in the U.S, and will only be accessible to those who own the LG TV running webOS 5.0 and can be directly accessible from home, enabling users to buy, sell and enjoy high-quality digital artworks.
“Wallypto, built on Hedera, has been developing since September 2021. “Its beta version of the wallet launched this week in August.
“While many people have heard of NFTs and would like to participate in the growing ecosystem, it can be overly complex and difficult to get started,” Jo said.
Jo also said that Hedera allows users to transact for less than $0.0001 cent per transaction (with no high gas fee or hidden costs), meaning that there are no hidden costs associated with the NFT platform.
In his words; “The Hedera Network consumes vastly less energy than any other public ledger, making it the ideal choice for sustainable initiatives and meaning that it can meet the ESG of modern businesses and investors.