The manufacturer LG is known for its TVs for PS5 and Xbox. Now they have introduced an NFT collection for their own televisions. NFTs are small digital images that you can buy. What could be better than having your own collection shine on your monitor?
LG, along with Sony and Samsung, is one of the most well-known manufacturers of large televisions. You can find LG’s OLED TVs in our buying guide on which 4K TV you should buy for your PS5 or Xbox.
Now LG has created a special collection of digital artworks. You can not only view them on your LG TV, but also trade them.
If you want to know what NFTs are, you can find an extensive explanation in the following article:
Nintendos on the TV: LG Art Lab is available only in the USA for now
Where can you use it? The new platform “LG Art Lab” is now available in the USA on the company’s TVs with webOS 5.0 or higher. You can access it directly from the home screen and buy, sell, or just view digital artworks. In the future, the system is expected to be available in more countries.
Also integrated is the feature “LG Art Lab Drops.” This will notify you when your favorite artist releases a new artwork that you definitely want to buy. There is a timer that informs you when the NFT offer expires.
Why is LG equipping its TVs with this? LG explains in its press release that LG TVs are perfectly suited for displaying NFTs on a large screen (via lgnewsroom.com). LG explains:
The state-of-the-art LG televisions that deliver excellent picture quality and offer several large screens are the perfect medium for showcasing your own NFT collection.
At the launch of the new program, they have collaborated with the sculptor Barry X Ball. You can purchase the first NFT works directly through the new store on an LG TV. In the future, more artists are expected to follow.
NFTs are highly controversial among gamers
What is the problem with NFTs? Among gamers, such digital artworks are highly controversial. Many consider these small images to be dangerous speculation, where millions of euros can be lost. There are often enough games that sell NFTs as game content but then have to shut down suddenly. Back then, players invested in a racing game and bought NFT cars. But the project was shut down and users lost a lot of money or had to settle for substitute NFTs.
What do you think about the new feature and the initiative? Do you think it is exaggerated or is it an important step to integrate NFTs into mainstream society?
More news about NFTs: Many multiplayer games are also relying on NFTs today. For example, one game involves land, which you can purchase as an NFT. The game idea is by none other than the renowned game developer Peter Molyneux, whom you may know from several major games:
New multiplayer game offers NFT land for 800,000 Euros, sold directly
