05/09/2022 LG Picks Lesser-Known Hedera Blockchain for Television NFTs

The consumer electronics company, which has served on The Hedera Governing Council since 2020, is bringing NFTs to television screens through a platform built on the Hedera network.

LG

LG will only support NFTs on Hedera Hashgraph. (Kārlis Dambrāns/Flickr)

Korea-based LG is releasing a non-fungible token (NFT) marketplace called LG Art Lab that plugs into the Hedera Network, which LG supports. Television owners with sets updated to LG’s most recent software will be able to buy, sell and showcase their Hedera NFTs from their screens.

LG’s strides into the NFT space followSamsung’s releaseof an NFT marketplace on three of its TVs, allsupported byNifty Gateway. LG Art Lab will only be on LG TVs. Incorporating LG's mobile crypto wallet Wallypto, users can purchase assets by scanning a QR code to connect their wallets.

Chris Jo, Senior Vice President, Head of Platform Business at LG told CoinDesk in an email that the platform aims to make NFTs accessible for users looking to step into the space.

The choice of Hedera is not an obvious one for an NFT integration. According to data from the past 30 days, Hedera NFT marketplace Hash Axis’$36,000 trading volumepales in comparison to Ethereum’s$330 million trading volume on OpenSea. But it makes more sense for LG: it's been on Hedera’s Governing Council since 2020.

Shayne Higdon, CEO of the HBAR foundation, an organization supporting developers on the Hedera network, told CoinDesk that the Hedera’s energy efficient consensus mechanism makes it an ideal blockchain for cheap, low carbon footprint NFT transfers. Still, other networks are catching up; market leader Ethereum is moving to proof of stake this month.

Arts

https://www.coindesk.com/business/2022/09/05/lg-picks-lesser-known-hedera-blockchain-for-television-nfts/

Interesting NFTs
Sophia Instantiation
Sophia Instantiation by Sophia the AI robot x Andreas Bonaceto
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.
The Bleeding Heart is a Rape Victim
I make this piece with tears streaming down my face. I have endured the worst violation a woman could endure. He raped me. He took away my power my sweet inner innocence. He tugged hard at my heart and ripped it out and ate it whole. He took it all away from me. I will never have that pureness back ever. I may grow on and heal from the torment but it will forever haunt me, in my dreams and in my mind where my memories are locked away. A lot of the night has been erased for my own sanity and protection but some of the vile darkness does bubble up. It comes to the corner of my mind and reminds me of the horrific night I had to meet face to face with. This night may have made me stronger but it has also broken me in so many ways.
Ethboy
Young Vitalik takes on the role of Picasso’s son Paulo dressed as Harlequin in this artwork but the octahedron Ethereum logo replaces the chequered pattern of the original jester outfit. Leaning against a large chair, the boy genius fiddles with his fingers in a somewhat nervous manner; nevertheless, he stares directly at the viewer with what appears to be a confident, ‘Mona Lisa-like’ smile. Vitalik has no idea what the future has in store for him, but he’s prepared to face any obstacle ahead as he begins life's adventure.
#53677
By OthersideDeployer