Investors have raised questions and expressed concerns about the feasibility of conducting NFT trades on TVs
One day after Samsung revealed plans to add an NFT feature to its flagship TVs this year, LG announced a similar initiative. At a press conference, Park Hyung-se, head of LG’s Home Entertainment Business Division, said the company “definitely” intends to introduce NFT functionality into its TVs and noted that its latest OLED models are optimized for displaying artwork.
The push into NFTs continues a trend that began last year: consumers are increasingly receptive to using TVs as a gallery for digital art, but many remain skeptical about carrying out NFT transactions on a television. Browsing and interacting on a TV is still less convenient than on computers or mobile devices, and some crypto investors consider trading NFTs on a television impractical.
“I don’t understand the value of having an NFT trading platform on my television. When it is still cumbersome to browse the internet on what is referred to as a Smart television, I don’t believe purchasing an NFT on TV will be a pleasant experience,” said Chung Seung-mo, a South Korean crypto investor, in an interview with Forkast.News.
Alongside Samsung and LG, Shinhan Card, a major global credit company, has launched services that support NFT use. Shinhan Card recently introduced an NFT feature within its pLay app called “My NFT,” which allows users to mint NFTs tied to events or personal items. The service is being developed in collaboration with blockchain firm Odyssey. Notably, the pLay app does not support NFT trading; it focuses on minting and displaying digital collectibles rather than providing a marketplace.
Quentin Tarantino to press ahead with NFT plans despite Miramax lawsuit
Quentin Tarantino confirmed he intends to move forward with plans to sell NFTs based on his handwritten script for the hit film Pulp Fiction, despite a lawsuit filed by Miramax. Miramax, which distributed the film, sued the director on November 16th alleging breach of contract. Tarantino, through his lawyer, disputes those claims.
“Quentin Tarantino’s contract is clear: he has the right to sell NFTs of his handwritten script for Pulp Fiction, and this ham-fisted attempt to prevent him from doing so will fail,” said Brian Freedman, Tarantino’s attorney, in comments to Blockworks.
The project includes seven unique NFTs that were scheduled to be auctioned between January 17 and January 31 in collaboration with blockchain firm Secret Network. Each NFT highlights a memorable scene from the screenplay and includes commentary by Tarantino.
“Secret Network is proud to stand with Quentin. We are committed to working with talented artists across the globe by providing them a better way to release their works directly to fans without relying on older distribution models, which favor conglomerates over creators,” said Guy Zyskind, founder of SCRT Labs.