Samsung and Nifty Gateway Announce the World’s First Smart TVs Compliant With NFT

Samsung is taking another step forward in innovation. It has integrated an NFT marketplace into their new range of smart TVs. This allows its users to experience part of Web3 fever from the convenience of their own homes.

On March 30, Samsung Electronics announced a partnership with Nifty Gateway, a digital art auction platform offering a wide variety of NFT works, to develop the world’s ‘First-Ever Smart TV NFT Platform.’ This is the materialization of an effort that was first teased earlier this year.

According to Samsung’s official press release, Samsung’s intuitive platform already supports Nifty Gateway in all the models in the new 2022 NEO QLED and QLED range, making it the first TV maker to integrate an NFT platform into its products.

Samsung could increase the NFT market’s growth.

Samsung has positioned itself as a leader in the tech market for more than 15 years, manufacturing not only high-end TVs but also screens, smartphones, laptops and promoting the development of applications to simplify its users’ lives.

Samsung claims to have sold 60 million smart televisions in the world so far. Samsung has partnered with Nifty Gateway to open NFT trading to a large user base, encouraging the adoption and growth of this new technology.

Duncan Cock Foster is the co-founder and CEO of Nifty Gateway. He said the Nifty Team was excited to partner with Samsung on an innovative experience that will help them reach billions of people worldwide, encouraging the adoption NFTs. This is a vision that Samsung could help them realize.

“With our mission in mind, we couldn’t be more excited to partner with Samsung to develop a groundbreaking NFT collecting experience. Their dedication to user experience and focus on the highest quality displays aligns perfectly with our vision to allow anyone, anywhere, to interact with their favorite creators.”

Samsung chooses the Winklevoss twins’ marketplace over OpenSea.

Experts often consider OpenSea the leader for NFT sales, due to how simple it is to sign up and begin trading. Nifty Gateway offers a wider range of services, but OpenSea does not offer it the same variety.

OpenSea, on the other hand supports more than 150 payment tokens through its platform. Nifty Gateway supports fiat payments only and tokens that are listed on the Gemini Exchange platform.

One advantage of Nifty Gateway is that the platform offers NFT escrow services, i.e., they allow users to store their NFTs in a secure Nifty Gateway Omnibus wallet instead of their own wallets —an option that many collectors may find helpful.

So Samsung’s choice may not be based on the platform’s trading volume or the number of users but on the security services they provide to their customers, which is very important now that we’re seeing so many NFT thefts and scams.

 

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