LG Electronics has submitted a patent application for a television that facilitates the trading of nonfungible tokens (NFTs) using blockchain technology. The application was recently published on the global intellectual property database of the World Intellectual Property Organization (WIPO) approximately 18 months after LG initially filed it.

The South Korean tech giant’s proposed Smart TV utilizes a crypto wallet and an NFT market server to enable users to engage in transactions. By connecting to the NFT market server, the TV displays onscreen QR codes that allow users to complete transactions via a cryptocurrency wallet.

LG’s patent application comes after the company launched its own NFT platform, the LG Art Lab Marketplace, in September of the previous year. This platform operates on the Hedera network and enables TVs running webOS 5.0 or later versions to trade digital artworks.

It remains unclear whether the TV will be compatible with various wallets or limited to LG’s own Wallypto, the company’s smartphone crypto wallet, which is also accessible through the Art Lab Marketplace.

LG is actively embracing Web3 solutions for its devices. In January, the company announced a partnership with cloud-based technology platforms Oorbit and Pixelynx, aiming to bring the metaverse experience directly to users’ living rooms. This collaboration was intended to allow LG TV owners to explore interconnected virtual worlds, attend virtual concerts, and engage in multiplayer games powered by artificial intelligence.

LG is not alone in its efforts to integrate Web3 technology into its products. Samsung, a direct competitor, revealed its own smart TV lineup integrated with an NFT platform last year. Moreover, Samsung Next, the company’s venture capital arm, has been actively investing in NFT and metaverse projects.