LG's NFT Marketplace For TVs is Shutting Down 23
LG is shutting down Art Lab, its NFT marketplace for TVs. From a report: In a notice posted to its website, LG says it has made the "difficult decision" to close the platform on June 17th. LG launched its Art Lab app during the NFT craze in 2022, billing it as a way to "buy, sell and enjoy high-quality digital artwork" from your TV. It added new digital art to the platform through "groundbreaking" NFT drops, which users could purchase by scanning a QR code to complete transactions through Wallypto, LG's crypto wallet app.
NFT's on your television (Score:4)
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NFT Lemonade
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Exactly! NFTs are soooooo two-thousand-and-late! These days I'm all about AI on my TV (until the next big thing arrives).
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I need AI generated 3D NFT’s to watch on my 3D TV and in my VR goggles that are certainly getting a killer app any day now.
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All you have to do is visit google image search , and combine that functionality with a jpeg viewer and you regain 100% of the functionality and then get some more functionality. Cos you can find pr0n on image search, but I bet you couldnt on their nft app lol
Who knew? (Score:2)
Knock me over with a feather.
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Trying to create a captive revenue stream out of a manufactured Beanie Baby type thing doesn't pay off?
Knock me over with a feather.
Correction: Trying to create a captive revenue stream out of a non-manufactured, completely imaginary Beanie Baby type thing doesn't pay off.
This is/was a thing? (Score:2)
I guess it's a good thing I don't network my LG TVs.
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Please remove your signature. You're making yourself part responsible for legitimizing the word Nazi to the point where nobody thinks it's something bad anymore when you slap it on to everything remotely right wing like that.
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it's too late, signature-nazi.
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"...legitimizing the word Nazi ..."
Words are neither legitimate nor illegitimate. What you mean is "normalize the usage to mean", and that's ridiculous. Nazi thinking dominates politics right now, proper usage of the term doesn't mean that something exists when it doesn't because it does in fact exist. You're just promoting the lie and projecting onto people who are being objective.
"...where nobody thinks it's something bad anymore..."
You're a fool.
"...when you slap it on to everything remotely right win
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Please remove your signature. You're making yourself part responsible for legitimizing the word Nazi to the point where nobody thinks it's something bad anymore when you slap it on to everything remotely right wing like that.
But if you can't apply the word Nazi to actual Nazis, then what good is the word at all? Seems to me what you're actually asking is that we ignore Nazis being Nazis, because it's not politically convenient. And frankly, fuck that.
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And nothing of value was lost (Score:3)
And I mean that quite literally, in this case.
Some questions (Score:3)
I have three questions.
- did anyone actually buy an NFT, meaning, was there even a single purchase?
- what happens to the NFTs that were bought, are their purchases now void?
- how much money did LG waste on this?
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- what happens to the NFTs that were bought, are their purchases now void?
Does your art stop existing if Christies goes bankrupt? No you are still the proud owner of a worthless bit of nothing on the Hedera network. (Which you probably have never heard of, which is a + in my book because I have a low opinion of people who actually understand NFTs enough to post here without having to Google WTF these idiot companies were doing).
Great isn't it, not only did LG get into NFTs, but partnered with a nothing of a network to do so. By the way fun fact the Hedera network also lists Ubiso
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A learning experience (Score:2)
The - now hilarious - release PR, for your schadenfreude:
https://www.lg.com/us/press-release/lg-tvs-turn-living-room-into-digital-art-gallery-with-new-nft-platform
Wallypto (Score:2)
The rest of the nonsense aside, is it just me or is "Wallypto" the worst brand name ever?
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(Posting anonymously, I've just modded the parent post up)
Wally [urbandictionary.com] someone who is very intelligent in some areas but very stupid (almost unbelievably) in others
NFTs are bullshit (Score:2)
Why would I need a cryptographic ledger thingamabob, whatever the hell that is, in order to buy and own an image? It's as if people didn't buy and sell images all the time, for instance in stock photos websites. Not that I am terribly fussed over a wallpaper image being used by someone else, legally or otherwise.
When will reality catch up with the cryptobros?
Sentiments (Score:2)
If they did it without an announcement, I doubt anyone would have noticed.