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Television

LG is Bringing NFTs To Its Smart TVs (theverge.com) 67

Posted by msmash from the how-about-that dept.
Just months after Samsung announced that it's bringing non-fungible tokens (NFTs) to its TVs, now LG's doing the same. From a report:The company's new NFT marketplace, called LG Art Lab, lets you "buy, sell and enjoy high-quality digital artwork" from your TV. For now, only users in the US with an LG TV that runs webOS 5.0 or later can access the app, which is available to download from the TV's home screen. Through the portal, you can buy and sell digital works made available through LG's NFT drops. The first one of these drops is set to occur on September 22nd and features a set of metallic-looking NFTs from sculptor Barry X Ball. Since I just so happen to own a compatible LG TV, I downloaded and tried out the app for myself... and there's not much going on there yet. The app is pretty empty, and there aren't any NFTs that you can browse through and buy right now.
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LG is Bringing NFTs To Its Smart TVs More

LG is Bringing NFTs To Its Smart TVs

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  • NFTs fund terrorism! (Score:5, Funny)

    by JaredOfEuropa ( 526365 ) on Monday September 05, 2022 @01:15PM (#62853969) Journal
    As we just read in the previous topic. Time for a ban.

  • Further proof (Score:1)

    by Anonymous Coward

    That the last thing the world needs is more software engineers.

    • This is something LG is hopping on to try to get a few extra dukats on a 'trend'. Most people won't even bother with this 'feature' and I expect it to disappear from future LG sets when the NFT hype dies down.

  • Amazing timing guys (Score:5, Funny)

    by jacks smirking reven ( 909048 ) on Monday September 05, 2022 @01:21PM (#62853997)

    The best time to get in on fad craze is 6 months after it's irrelevant.

  • How is this not gambling really? Isn't the only point here to speculate on prices going up and down, while the asset has no inherent value? To me this feels more like poker than stock trading

    • You are forgetting crypto's important uses: tax evasion, money laundering, terrorist fund raising, ransomware and kidnap payments, kid porn, guns and drug sales, fraudulent art (yawning boat chimps). The 'uh oh, everything collapsed and your money is gone', ponzi scheme organization, and the fact that the value sometimes goes up is just a lucky accident for our rich tech-bro masters, oligarchs of the imaginary. Despite its harmful in every way nature crypto is here to stay, like pay toilets and PayPal and s

      • kid porn

        That seems the perfect way to destroy a block chain, place an embedded NFT (not just a link) in it containing child porn, since it can never be removed it will destroy the whole chain.

  • Nft huh? (Score:5, Interesting)

    by peragrin ( 659227 ) on Monday September 05, 2022 @02:40PM (#62854239)

    So i own the images then and when lg ends their service i can easily take them with me and yransfer them to other devices. Or do they vanish?

    • You have to ask?

      • No, i know the answer to the question. I was pointing it out. Sort of like bill murry raising funds via an charity NFT sale. nFT and crypto can always be hacked, and once stolen is mostly unrecoverable so you lose everything.

        In Bill case it is evem more tradgedy as it was $ for a child who desperately needed it.(major medical expense charity fund raiser)

        Hopeful it will show the world just how useless and untrustworthy NfT are.

  • Kind of crazy really (Score:3)

    by stabiesoft ( 733417 ) on Monday September 05, 2022 @02:41PM (#62854245) Homepage
    The value is in the TV, and let's face it, flat screen tv's offer incredible value and image quality. And the real value is that mass produced tv you bought can display the nft image in stunning quality just like the one made seconds before yours, seconds after yours as well as hours, days and weeks. But now you can make yours unique with some AI created image that only *your* tv has. But of course except for the digital chicanery any LG tv has the capacity to display *your* image just as vibrantly as your tv copy. But *yours* is now *special*. Sure.
  • Is an internet-based wallpaper store. You heard it first here!

    • Actually, wall-sized colour e-paper that I can update whenever I want but otherwise doesn't require any power? Sign me up! I've been waiting over a decade for that!

  • LG Art Lab, lets you "buy, sell and enjoy high-quality digital artwork" from your TV.

    As long as people can buy, sell *and* enjoy NFTs on the TV ... (sigh)

    (Personally, I'll stick to TV shows and movies.)

    • If the artwork is genuinely high quality, I would be willing to pay a few dollars to display it on my TV. Usually my LG TV is turned off when not using it. But I have thought about leaving it on with a nice picture displayed. I would probably choose a photo of my family or something CC licensed. But if an artist had a great piece of work and wanted to sell a limited number of copies for digital display, why wouldn't I want to pay an artist a few dollars for the privilege of displaying it? Of course you

      • Usually my LG TV is turned off when not using it.

        Saving electricity (and money).

        ... why not a few dollars to display rotating prints of great art?

        Wasting electricity (and money).

        [Obviously, the amount depends on your TV tech.]

        • I'm pretty sure an LED TV uses only about five watts when running. If I were to buy a physical piece of art and illuminate it with some small lights, I would use just as much electricity. I guess you're right that in some sense all art is kind of wasteful but in another sense it's actually a relatively cheap way of improving quality of life.
      • My Sony television displays high quality artwork for free when I hit the home+back buttons. It rotates through a few dozen images and updates what it shows me on a semi-regular basis (every few weeks I notice new things have been cycled in). I don't use the feature all that much, but it gives me something to look at when I'm just listening to music. Plus, did I mention its free.

        Of course, it doesn't have any artwork by Barry X Ball, but I haven't yet finished solving my Lament Configuration puzzle box
        • Yeah I think I have that feature as well but never really used it. Somehow that just isn't as interesting to me as would be pieces by local artists that I selected. In the latter case its art about which I know something rather than just pictures picked by an algorithm based on how vibrant the colors are.

  • Can I "buy" an nft of a tulip in full bloom?

  • Vote with your money.

  • Thank LG for helping me weed on the TV brands to avoid. I really don't want to see NFTs on crypto anywhere near my TV. I am getting to the point that a dumb TV and a computer would be a better choice. BTW 'Dumb TV' as opposed to a computer monitor, since we don't need the same pixel density.

    • Re: (Score:2)

      by Gilmoure ( 18428 )

      Really wish affordable large screen 4k displays, without OS/tuner/speaker crap were a thing.

  • Maybe not enough for me to avoid LG products, but they should not be stooping this low and legitimizing nutty behavior.

  • Man, they are way too late together into the NFT scam ! Who would buy NFTS for a TV ? lolol Someone....
  • Is the idea that such a thing would enable them to sell more TVs? I know that, in my case, a TV with that feature would be far less desirable. Am I the only one?

  • So, "getting the model number from the on-screen menu" has been put on the back-burner for this? Man, I need to take a class on marketing or something - I just don't get it.

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