The Non-fungible Token (NFT) frenzy has continued as we head into 2022 and the mainstream electronics giants have jumped on the cryptographic token trend. Today, multinational electronics conglomerate, Samsung introduced its “NFT fusion platform” powered by its exclusive smart TV launch. According to Samsung, users can browse and trade NFT through their MicroLed, Neo QLED and The Frame models.
Literally, the platform will act like an aggregator, displaying NFTs from multiple markets on the user’s screen. Along with showcasing the NFT, the platform will also display relevant details including the creator’s name and the appropriate blockchain metadata. Furthermore, users can also showcase their precious NFT assets using the platform.
Finally, Samsung claims that it has ensured display quality for a variety of NFTs by using “Smart Calibration” technology that automatically adjusts the TV’s settings to match the original creator’s specifications. .
“The role of screens has changed dramatically in recent years with advances in technology and the way entertainment is delivered. With our new product line, we are providing our customers with a fully immersive audio and video experience that can be customized to their needs… Whether you’re a movie buff, a TV buff, or a movie buff. , gamer or even an art enthusiast, Samsung has state-of-the-art offerings that can enhance any room. ,” said Simon Sung, Executive Vice President and Head of Sales & Marketing for the Visual Display Business at Samsung.
NFT dominance in 2021 will last until 2022
NFT’s popularity skyrocketed last year, outpacing all trends of the Defi landscape. According to Chainalysis 2021 NFT market report, approximately $26.9 billion worth of NFTs were traded across all NFT markets, confirming its growing dominance.
Social media giants as well as institutional giants are being attracted to the creation of the NFT in 2022. At the end of last year, Instagram CEO Adam Mosseri confirmed that the social media platform leading is “actively exploring” NFT. Furthermore, Kraken CEO Jesse Powell also decided to take it a step further by escrow NFT. BILLIONThe major five centralized crypto exchanges, Kraken has announced the upcoming launch of the NFT marketplace that will offer NFT-collateralized loans.