LG Electronics is seeking to bring non-fungible tokens (NFT) to its television sets thus, it has filed for a patent for this. The feature will allow users to trade NFTs through their LG TVs.

It was reported that LG Electronics has applied for patent protection for its NFT TV. The televisions will be able to connect to an NFT market server and ultimately receive and display previews of digital artwork and complete purchases using the users’ crypto wallet linked to the LG TV.

As per CoinDesk, the South Korean electronics giant started working on the integration of non-fungible tokens to its TV sets in September 2022 when it launched its Art Lab marketplace, which is connected to the Hedera Network. LG has been a node operator of the said decentralized, open-source, proof-of-stake public ledger since 2020.

The company’s move to file for a patent shows that it is seeing a high demand for NFTs today and in the future. Since this is another business opportunity, LG is working on making digital token trading more accessible through its TVs.

The patent would apply to LG’s blockchain-based TV, and the application was filed with the World Intellectual Property Organization (WIPO). It was indicated in the documents that the information was only published last week, but LG originally submitted the application in November 2021.

The WIPO is the global database for intellectual property (IP) and is currently headquartered in Geneva, Switzerland. Cryptopolitan reported that in the filing, LG said the technology would allow its TV to link a cryptocurrency wallet and an NFT market to make the buying and selling of digital tokens possible.

Finally, there will be onscreen QR codes when the device successfully connects to an NFT market server. The codes make it easier for users to complete every transaction.

Photo by: LG Newsroom