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
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.
ˈpum(p)kən
Always better in the night.
My Other Half | Inspired by Minecraft: The Last Minecart (2011)
Almost every year, we capture ourselves in a way that no photo or video is capable of: with a photoscan. If you dig through our archives, you'll find many of them and can see exactly how we change over time. Sam Gorski, Creator | I wanted to find the oldest scan of myself and put him side-by-side with Sam from the present. While it is hard to look at it and not miss the years past, at the same time, this gives me hope for the future by embracing and cherishing the change in my life. How would I have gotten this far without him? About This Piece | Sam on the left was captured in 2014, while Sam on the right was captured last week (2021). This work represents the personal, creative, and emotional journey in all of us, and the hope that ourselves tomorrow may be better than ourselves today.
#55876
By OthersideDeployer
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit