Newcomer! Samsung’s New Range Of Televisions Will Support NFT Integration

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ETF is the ‘Rocket Fuel’ for Bitcoin, Says Global Marco CEO There are a number of milestones that bitcoin lovers anticipate happening in the next decade. These include bitcoin being accepted by more merchants for payment for goods and services, bitcoin being added to the balance sheets of prominent companies, and of course, the bitcoin exchange-traded fund. The bitcoin ETF has been, thus far, one of the most elusive milestones for the crypto industry. Giant firms like Robinhood and Gemini have applied to the Securities and Exchange Commission in the United States for approval for an ETF but all have been denied. With the current rush of institutional support that bitcoin has seen in the last few months from companies like JP Morgan and Goldman Sachs, there is talk of more pressure being put on the SEC to approve a bitcoin ETF at some point. Incoming Rocket Fuel? Now, according to Global Marco CEO Raoul Pal, the ETF is the next rocket fuel for the market. An ETF, he said in a recent Twitter exchange, will lead to a brand new level of support for bitcoin as well as an increase in price. This was in response to a tweet that claims that bitcoin is consolidating in price ahead of an ETF approval. “This is my view.. The ETF is the next rocket fuel for this market. The Wall of Money keeps coming but it takes time for everyone to get internal approvals. I have so many conversations helping hedge funds, Family Offices and Asset Managers each week. All happening and more…” he said. Bitcoin, in the last few months, saw a significant bull run and a new all-time price high of over $65,000 per token. Now, the price hovers around $50,000 and has remained steadily in that price range for the last few weeks. Some believe that the market is prepping for another bull run but needs something to trigger it and Pal feels that the ETF is what is needed. Regardless of what the price effect will be of an ETF approval, it cannot be denied that it will make it easier for investors to put money into bitcoin and other cryptos and will also lead to even more mainstream acceptance for bitcoin.
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  • Samsung is the latest big tech firm to offer NFTs to its consumers.
  • The firm plans to launch NFTs within its range of new smart televisions.
  • NFTs have gained traction in recent months with experts predicting that the asset class would balloon even further.

Samsung televisions would be offering NFT compatibility in 2022 to the delight of the ecosystem. The multi-billion-dollar industry is off to a great start this new year as experts anticipate a wider reach.

Samsung’s NFTs

In a public announcement, Samsung announced the new range of smart televisions that it will be unveiling in 2022. According to the South Korean company, the new models will come packed with a new smart hub that supports NFTs and gaming.

“This application features an intuitive, integrated platform for discovering, purchasing, and trading digital artwork through MICRO LED, Neo QLed, and The Frame,” the company wrote about the new feature.

“With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater,” Samsung said in a statement with a publishing firm, The Verge. “In 2022, Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase, and display your favorite art – all in one place.”

The new feature on the televisions by Samsung will allow individuals to preview non-fungible tokens before making a purchase and there will also be an option for users to trace the history of the NFT ownership before making the buy. The TVs will have a smart calibration feature that will seamlessly allow the display to appear “true-to-the-original image quality.” The televisions will be available to users in the coming months.

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Samsung’s Previous NFT Campaign

This is not Samsung’s first foray into NFTs as the company had made inroads in the space in the last 12 months. The tech company through its investment arm, Samsung Next has invested in some NFTs firms like Sky Mavis, Dapper Labs, The Sandbox, and Super Rare.

Since being an early investor in these companies, NFTs have captured the spotlight as the trend of digital ownership has taken off alongside the metaverse. Samsung with significant investments in both spheres feels the time is right for a direct approach to NFTs. 

The rising institutional adoption of NFTs led Kevin O’Leary to comment that the non-fungible tokens will be a larger asset class than Bitcoin. NFTs total sales volume surged beyond $14 billion in 2021 and looks set to surpass the metric in 2022.