{"id":28257,"date":"2022-09-06T22:04:47","date_gmt":"2022-09-06T22:04:47","guid":{"rendered":"http:\/\/egrowonline.com\/?p=28257"},"modified":"2022-09-06T22:04:47","modified_gmt":"2022-09-06T22:04:47","slug":"mid-cap-ethereum-rival-selected-by-electronics-giant-lg-for-nft-partnership","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=28257","title":{"rendered":"Mid-Cap Ethereum Rival Selected by Electronics Giant LG for NFT Partnership"},"content":{"rendered":"


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South Korea-based LG Electronics has chosen the enterprise blockchain Hedera (<\/span>HBAR<\/span><\/a>) to power its non-fungible token (NFT) platform for smart TVs.\u00a0<\/span><\/p>\n

LG\u2019s newly launched NFT platform, LG Art Lab, allows users to buy, sell and trade NFTs on their LG smart TVs running webOS 5.0 or later.\u00a0<\/span><\/p>\n

Chris Jo, senior vice president, head of platform business at LG Electronics spoke to TechCrunch about why the electronics giant chose to team up with Hedera.<\/span><\/p>\n

He says Hedera is more energy efficient than other blockchains making it a viable choice for businesses and consumers that aim to reduce their carbon footprint.<\/span><\/p>\n

\u201cThe Hedera Network consumes vastly less energy than any other public ledger, making it the ideal choice for sustainable initiatives and meaning that it can meet the ESG of modern businesses and investors.\u201d\u00a0<\/span><\/i><\/p>\n

Because the network uses only a fraction of the energy used by other blockchains, Jo says that it also charges allows for low fees for users. <\/span><\/p>\n

LG Art Lab also uses LG\u2019s crypto wallet for smartphones, Wallypto, to enable users to buy crypto collectibles on the app.<\/span><\/p>\n

HBAR is up by 4.09% over the past 24 hours. At time of writing, the altcoin is changing hands for $0.063367.<\/span><\/p>\n

Venture Capitalist and star of Shark Tank recently revealed<\/a> that HBAR was part of his altcoin portfolio.<\/p>\n

\u201cGreat team, good engineers. What\u2019s the economic premise that would keep that growing? <\/em><\/p>\n

Boeing wants a quasi-centralized\/decentralized platform, they want the best of both worlds.<\/em><\/p>\n

HBAR can deliver that, check the box there.\u201d<\/em><\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Master1305<\/em><\/span><\/p>\n<\/p><\/div>\n


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South Korea-based LG Electronics has chosen the enterprise blockchain Hedera (HBAR) to power its non-fungible token (NFT) platform for smart TVs.\u00a0 LG\u2019s newly launched NFT platform, LG Art Lab, allows users to buy, sell and trade NFTs on their LG smart TVs running webOS 5.0 or later.\u00a0 Chris Jo, senior vice president, head of platform […]<\/p>\n","protected":false},"author":1,"featured_media":28258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[3095,158,127,10737,307,411,629,3559],"class_list":["post-28257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-electronics","tag-ethereum","tag-giant","tag-midcap","tag-nft","tag-partnership","tag-rival","tag-selected"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/Giant-LG-for-NFT-.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28257"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28257\/revisions"}],"predecessor-version":[{"id":28259,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28257\/revisions\/28259"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/28258"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28257"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}