The NFT space gained massive adoption last year, and more companies are now entering the market.
Samsung, one of the world’s leading tech conglomerates, announced earlier today that it would launch three TVs with NFT trading capabilities. This latest development makes Samsung the latest tech company to enter the NFT space.
The tech giant introduced its newest MICRO LED, Neo QLED and Lifestyle TVs ahead of Consumer Electronics Show 2022. In a blog post earlier today, the company said;
“NFT Platform: This application features an intuitive, integrated platform for discovering, purchasing and trading digital artwork through MICRO LED, Neo QLED and The Frame.”
Samsung also said it has improved its gaming services and will make it easier for users to play games. The company added that;
“The Samsung Gaming Hub will empower players to discover and jump into the games they love faster through game streaming services. Players will have access to an extensive library of games through Samsung’s partnerships with industry leaders – NVIDIA GeForce Now, Stadia and Utomik – and that’s just the beginning.”
The NFT space has experienced massive growth over the past year. A recent report revealed that the NFT trading volume topped $13 billion last year, an increase of more than 40,000% from 2022.
The rally is an indication of the massive adoption the NFT space gained over the past 12 months. OpenSea remains the leading NFT platform in the world, accounting for more than 70% of the total trading volume.
However, OpenSea is set to face massive competition from some of the leading market players like Binance. Cryptocurrency exchanges Binance, FTX, Kraken and Coinbase, have launched NFT trading marketplaces.
The NFT space is expected to record further adoption in the coming year as more companies enter the market.