Samsung has announced a partnership with Nifty Gateway, a crypto platform owned by Gemini, to develop the first-ever smart TV NFT platform.
Samsung to Launch the World’s First NFT Compatible TVs
In January, Samsung first teased the concept of its NFT televisions before debuting its annual flagship smartphone, the Samsung Galaxy S22, in the metaverse in February.
On March 30, Samsung Electronics revealed that its collaboration with Nifty Gateway will incorporate an NFT marketplace into its 2022 line of smart QLED and Neo QLED premium TVs.
The collaboration will see Nifty Gateway develop a standalone app that will allow users to browse and purchase non-fungible tokens on their Samsung TVs.
Users will be able to buy, sell, and hold NFTs directly from their Samsung TV. In addition, the platform will allow users to purchase their favorite digital art with debit cards and crypto.
According to the announcement, users will be able to access over 6,000 pieces of digital art and collectibles from artists like Daniel Arsham, Pak, and more.
Nifty Gateway will also verify every NFT minted through the platform to ensure users get quality content. Collectors can also store their digital art on the Nifty Gateway Omnibus Wallet.
On the Flipside
- With the interest of collectors shifting from the value of digital art to making gains, experts have warned that most collections will struggle in the future.
Why You Should Care
The partnership aims at making non-fungible tokens more accessible than ever before.