​Streaming service based on Polygon becomes available to Smart TV owners

What’s new? South Korean electronics manufacturer Samsung has partnered with the streaming app Savage, which runs on the Polygon blockchain. According to Savage, the Smart TV app will make it easy to connect an IRL display and upload photos and videos of the highest resolution (up to 8K).

We are thrilled to announce our partnership with @Samsung to bring the highest quality photos and videos in Web3! 🎉The SAVAGE Smart TV app allows for easy IRL display connectivity and the highest quality uploads of any marketplace (up to 8K).Powered by @0xPolygon💜 pic.twitter.com/oYjikLmcnZ — SAVAGE (@thesavageapp) January 4, 2023

What is known about the projects? It is a secure Layer 2 (L2) and sidechain network powered by the Ethereum blockchain. Polygon’s main goal is to increase Ethereum scalability, reduce network load, reduce transaction fees, and create decentralized finance (DeFi) services. The network’s native token is MATIC. The asset is trading at $0,7996 as of January 5, 08:10 UTC, down by 0,86% overnight, according to Binance.

Savage is a marketplace of non-fungible tokens (NFTs) and a video and photo streaming service in 4K to 8K resolution, founded in 2018. According to the project’s team, the platform is carbon-neutral and provides lower fees compared to competitors. For example, content creators are paid 98% of revenue from sales. The fee for the issue of NFTs is fixed at $10. Payment is also available through the Stripe payment app. The developers’ plans include moving the platform to a decentralized autonomous organization (DAO) format, where it will be governed using native tokens SAVG. The asset is currently trading at $0,005466, having gained 30,78% in 24 hours, with a capitalization of $301 552, according to CoinMarketCap.

In April, Samsung and firms Coentry Investment and NH Investment invested $25 million in the South Korean developer of the TwinWorld metaverse. In August, seven major South Korean brokerage firms, including Samsung Securities, began preparing to create their own crypto exchanges.

In October, Samsung developed Knox Matrix, a blockchain system to improve the security of its smart devices. Knox Matrix is certified for use by many leading government agencies around the world.