LG Electronics announced entering the crypto and blockchain market

The company plans to integrate platforms for trading NFT tokens into smart TVs

24.03.2022 - 16:00

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What’s new? On March 24, LG Electronics Inc. announced its entry into the digital assets and blockchain market. In this area, the company plans to start brokerage and cryptocurrency trading, as well as the development and sale of blockchain-based software. The clauses on the development in the field of cryptocurrencies were added to the LG Electronics Inc. charter at its most recent annual shareholder meeting, which was held on March 24. This is reported by Korea Economic Daily.

Information on Korea Economic Daily

What are the prospects? . LG Electronics Inc. has unveiled a digital application for evaluating NFT collections for smart TVs, Drops Gallery.

What had happened before? The South Korean conglomerates including Samsung, LG, and SK Group have been active in the crypto and blockchain markets. Samsung demonstrated a Galaxy S22 Ultra smartphone with a digital wallet that supports cryptocurrencies.

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