Samsung Electronics Unveils Its 2022 MICRO LED, Neo QLED and Lifestyle TVs, With Next-Generation Picture Quality and Range of Cutting-Edge Personalization Optionshttps://t.co/RIRFxFpdjY
— Samsung Electronics (@Samsung) January 3, 2022

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-1.21%Reading
Electronics giant Samsung is adding support for non-fungible tokens (NFTs) to its 2022 TV lineup, including a screen-based explorer and an NFT marketplace aggregator.
According to a press release from the South Korean electronics manufacturer, "In 2022, Samsung is introducing the world's first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase, and display your favorite art — all in one place."
Samsung Electronics Unveils Its 2022 MICRO LED, Neo QLED and Lifestyle TVs, With Next-Generation Picture Quality and Range of Cutting-Edge Personalization Optionshttps://t.co/RIRFxFpdjY
— Samsung Electronics (@Samsung) January 3, 2022
The platform will feature "an intuitive, integrated platform for discovering, purchasing and trading digital artwork" through Samsung's MICRO LED, Neo QLED, and The Frame TV ranges. It will include the ability to preview NFT art before purchasing it and explore its history and blockchain metadata.
"With demand for NFTs on the rise, the need for a solution to today's fragmented viewing and purchasing landscape has never been greater," Samsung wrote in its announcement.
The TVs will also include support for smart calibration, enabling NFT creators to create preset values for display settings; the smart TVs will then automatically adjust their display settings to match the presets, "so you can have peace of mind that your work looks impeccable, with true-to-the-original image quality."
Non-fungible tokens have boomed over the past year, with NFT trading volumes hitting over $10 billion in the third quarter of 2021, increasing an astonishing 38,000% year-over-year. Art NFTs have spearheaded the explosion of interest, with digital artist Beeple making headlines worldwide in March 2021 with the $69 million sale of a single NFT artwork.
NFTs were the talk of the town at Miami's Art Basel, while art galleries around the world have wrestled with the question of how to display NFT artworks.
This isn't the first move that Samsung has made in the crypto space; as far back as 2019, the company added support for crypto assets to its smartphones, introducing the Samsung Blockchain Wallet on its Galaxy S10 model.
NFTs have been around for years. But in 2021, non-fungible tokens shot to prominence, as multi-million dollar NFT artwork sales made headlines around the world and the art establishment wrestled with the sudden emergence of a new artistic movement. At the forefront of this NFT revolution are the artists: the pioneers who've led the charge towards NFTs, and the innovators who've experimented with this new technology, pushing the boundaries of what it means to create art as blockchain-based assets...
A year later, the company added crypto-powered video streaming platform Theta.tv to its Samsung Galaxy phones, and in 2021 it enabled support for crypto hardware wallets in its Samsung Blockchain Wallet.
Later in the year, the Bank of Korea announced a central bank digital currency (CBDC) pilot through Samsung Galaxy phones.
Bybit is pulling the plug on its NFT marketplace, the latest in a string of crypto firms abandoning the once-hyped digital asset sector, as the exchange continues to grapple with the fallout from a hack five weeks ago. The crypto exchange said in an April 1 statement that it will discontinue operations for its NFT Marketplace, Inscription Marketplace, and IDO product pages as part of a broader effort to streamline its offerings. The platform will become inaccessible on April 8, and users have b...
Although some collectors have left NFTs for dead, Canary Capital believes the asset class could find fans on Wall Street. In a recent interview with Decrypt, Canary Capital CEO Steven McClurg suggested the NFT market could soon experience a revival, with chatter about funds tracking NFT prices potentially stoking investor interest in digital art collectibles. Although an NFT-backed ETF might have been unthinkable a few years ago, the likelihood that such a fund could become available to U.S. i...
Ethereum NFT marketplace X2Y2 is shutting down its trading platform at the end of April, the firm announced Monday, as the development team pivots to the intersection of artificial intelligence (AI) and crypto. X2Y2’s smart contracts will persist, so trades can still be executed, but users will not be able to use the website’s front-end after April 30. “I know this might sting, especially when it comes to token price. X2Y2 tokens were tied to this NFT vision, and as we close this chapter, that...