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Electronic Giant, Samsung Announces Plans To Include NFTs in New Smart TVs

The NFT craze seems to have continued in the new year, and several tech giants are still incorporating the groundbreaking feature into their products. According to recent reports, Samsung smart TVs will now include an NFT section. The electronics giant revealed the surprising news on Monday, adding that users will be able to buy non-fungible tokens with their new smart TVs. NFTs will be supported by the MICRO LED, Neo QLED, and The Frame TV models, which are expected to be released later this year.

New updates

In the announcement it made, Samsung shared updates on its new plans for the year, which included NFTs. It noted that Samsung’s 2022 Smart TVs come with a new Smart Hub. The smart TV will include features like the “Gaming Hub,” “Watch All,” and an NFT Platform. The electronic giant said, “This application features an intuitive, integrated platform for discovering, purchasing and trading digital artwork through MICRO LED, Neo QLED and The Frame.”

Samsung is a popular electronics giant and is known as the manufacturer of some top gadgets and devices such as  LCD and LED panels, laptops, mobile phones, memory chips, and televisions.

Speaking with The Verge, the tech company opened up on its new plan. It said, “With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater. 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.” 

Check out Samsung’s new game feature

The Samsung Gaming Hub, a Tizen-powered game streaming discovery tool, will be the most noticeable feature of the new TVs for gamers. Using this technology, game streaming services will be able to deliver their game library directly to the TV. Samsung launched collaborations with Nvidia GeForce NOW, Google Stadia, and Utomik, and claims more will be announced in the future.

Samsung TV owners will be able to explore available titles, search and purchase games, and play their favorites right away from the hub. Their game controllers will also be compatible with the new Gaming Hub, according to the electronic firm. Users may also simply access YouTube to watch game videos by following their favorite streams.

Not a newbie

Samsung’s entrance into the realm of NFTs comes at a time when a slew of well-known businesses and celebrities have joined on board. Single NFTs traded for millions of dollars in crypto-assets last year, and a few NFT projects have accumulated billion-dollar market values.

However, Samsung isn’t a newcomer to the NFT market. Samsung Next, the investment arm of the South Korean electronics behemoth, has invested in a number of NFT firms. Sky Mavis (developer of Axie Infinity), Dapper Labs, Forte, Nifty’s, The Sandbox, and SuperRare are among them.

Samsung’s new development might mean that the world is set to witness another round of NFT explosions. Users would have to wait and see.

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