The trademark application was shared in a tweet by licensed trademark attorney Michael Kondoudis on July 19.
The NFT application filed on July 14 indicates that L.G. plans to offer T.V. software for issuing and trading NFTs, software for NFT and crypto transactions, digital token brokerage, and wealth management.
According to the application before the United States Patent and Trademark Office (USPTO), LG also plans to provide e-wallet payment services and software for exchanging electronic money in the metaverse.
TVs that issue NFTs?
— Mike Kondoudis (@KondoudisLaw) July 19, 2022
LG has filed a trademark application for LG ART LAB claiming an intent to offer:
▶️ TV software for issuing and trading NFTs
▶️ Software for NFT + Crypto transactions
▶️ Digital token brokerage
▶️ Wealth management#NFTs #Web3 #Cryotocurrency #DeFi pic.twitter.com/0SHDKeUvvf
The application comes after L.G. had initially released various products around the NFT sector. In May, the company indicated that it was working with new media artist Refik Anadol to display NFT artwork on the company’s transparent OLED TVs. The company noted that the NFT collection utilizes video, audio, and health data.
Besides LG, Samsung, another South Korean electronic giant, also unveiled different products under NFTs. Samsung introduced an NFT platform for its T.V.s allowing consumers to purchase NFTs through their devices.
Other notable applications include eBay (NASDAQ: EBAY), which seeks to offer NFT exchanges and NFT trading, virtual goods marketplaces, and online retail stores with physical and virtual goods.
