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L.G. Finally Joins the Metaverse

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L.G. Finally Joins the Metaverse

Electronics big L.G. is now the most recent firm to give attention to the Metaverse by submitting non-fungible tokens (NFT) logos for its LG ART LAB to the United States Patent and Trademark Office (USPTO) on July 19. The trademark software was shared in a tweet by licensed trademark legal professional Michael Kondoudis on July 19.

According to the application, the NFT software filed on July 14 signifies that L.G. plans to supply T.V. software program for issuing and buying, and selling NFTs, software program for NFT and crypto transactions, digital token brokerage, and wealth administration. In addition, crypto wallet payment services and software are in the Metaverse. In line with the application earlier than the USA Patent and Trademark Workplace (USPTO), L.G. additionally plans to supply e-wallet fee providers and software programs for exchanging digital cash within the Metaverse.

L.G. NFTs Products

Before this announcement, L.G. had initially launched numerous NFT-related products. In May, the company partnered with media artist Refik Anadol to display NFT artwork on OLED TVs. The corporate famous that the NFT assortment uses video, audio, and well-being knowledge.

Metaverse and NFT have created a new way of interacting with consumers, convincing many tech giants to enter the field; Samsung and HTC are also among the recent companies that want to expand into NFT or smartphones.

Apart from L.G., Samsung, another South Korean digital big, unveiled completely different merchandise below NFTs. Samsung launched an NFT platform for its T.V.s, permitting customers to buy NFTs via their units.

Different notable purposes embrace eBay (NASDAQ: EBAY), which seeks to supply NFT exchanges and NFT to buy and sell, digital items marketplaces, and online retail shops with bodily and digital items.

As reported by Finbold, international fee facilitator Mastercard Worldwide Inc. (NYSE: M.A.) additionally seeks to supply a spread of merchandise within the Metaverse.

LG Finally Joins The Metaverse

Typically, main international manufacturers from completely different sectors have meant to enter the Metaverse via trademark purposes. According to a Finbold report, within the U.S. alone, the variety of NFT-related logos surpassed 4,000 between January 1 and May 31, 2022.

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