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- Samsung is making another move ahead toward innovation by joining hands with an NFT marketplace to launch a series of smart TVs compatible with NFTs.
- On 30th March, Samsung Electronics made an announcement that Nifty Gateway has officially joined them.
- As per official press release of Samsung, Nifty Gateway is already supported by its intuitive platform in each of its designs in latest 2022 QLED and NEO QLED range.
Samsung May Fuel NFT Market Now
Recently, technology mammoth Samsung made an announcement regarding its collaboration with Nifty Gateway. Together, they are going to release a range of smart televisions which will support features associated with Non Fungible Tokens.
Samsung has established itself as a top-notch player in technology market for over 15 years, producing on just high-quality TVs, but laptops, screens and promoting applications development to make lives easier for folks.
Up until now, organization claims that it has generated sales of over 60 Million smart TVs all over the globe. This means thanks to this collaboration with Nifty Gateway, Samsung is now enabling folks to trade NFTs and that too at a larger scale. This will also aid in acceptance and growth of this rapidly booming technology.
Nifty Gateway co-founder, Duncan Cock stated that, Nifty team is thrilled to work with Samsung in building an innovative experience which will enable them to reach billions of folks, boosting NFT adoption internationally. A vision which Samsung can assist in attaining.
Winklevoss twins’ marketplace Is the First Choice
OpenSea is the biggest NFT marketplace as of now, and usually, experts are seen to explore this market first in contrast to other NFT markets available. This is due to a simple sign up process, and then folks can start trading their Non Fungible Tokens right away.
But OpenSea does not offer the range of facilities which Nifty Gateway is offering.
OpenSea supports over 150 digital assets for payments on its platform. Comparatively, Nifty Gateway backs fiat transactions and tokens enlisted in Gemini.
A perk for utilizing Nifty Gateway is that platform provides escrow facilities, that is, they enable folks to store the NFTs in a safe Nifty Gateway wallet rather than their own wallets — an alternative which several folks make find useful.
So Samsung’s choice might not be based upon sales volume or total users, but on security facilities, they are offering folks, which is very essential now, as we are witnessing a surge in NFT thefts and frauds.
This partnership will help NFT market to lure more folks, and increase the engagement. General public, as well as various famed individuals, are already into NFT space, making a name and money.
NFTs are an interesting concept, where your artwork will be valued digitally, and you will be offered a value against it after minting.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
