Samsung and Nifty Gateway have joined forces to create an NFT platform that will support the tech giant’s smart TVs. The smart TV interface will allow users to view, trade, trade and display NFTs.
Many startups are creating bespoke displays for NFTs. Samsung, however, is taking a different approach. Adding NFT functionality to its smart TVs could open up NFT collection to a wider audience.
Today, the tech company announced the FFT industry partner. This will bring its smart TV interface to life. It’s Nifty Gateway. The Ethereum-centric marketplace, which brothers Griffin Cock Foster and Duncan Cock Foster established in 2018. In 2019, it was acquired by cryptocurrency exchange Gemini.
Nifty Gateway and Samsung collaborated to create a NFT viewing, buying and trading experience that is optimized for TVs. It connects to Nifty Gateway’s custodial platform system. This allows users to store their collectibles in the platform’s vault rather than in an external wallet. You can also purchase NFTs using a credit card or debit card or cryptocurrency.
Griffin Cock Foster stated that “Through our partnership Samsung, one the world’s leading electronics companies, we will jointly expose millions of mainstream users NFTs.” Decrypt. “NFTs made a breakthrough last year for the art sector. This technology was a breakthrough for collectors and creators alike.
He said, “This year we expect to see further growth from mainstream consumers by offering for the first-ever a seamless way buy and collect NFTs.” We couldn’t be happier to have Samsung as a partner in our mission.
Nifty Gateway and Samsung
Samsung’s 2022 premium TV lines will include the Nifty Gateway NFT platform. Owners of Samsung’s The Frame or Micro LED sets can also download a Nifty Gateway App to gain access.
Samsung announced its plans to incorporate NFT functionality into its new TVs in January, at the CES trade fair.
Users will be able to view all artwork on the Nifty Gateway platform, whether it’s from one of Nifty’s own curated collections–including notable artists like Beeple, Pak, and XCOPY–or NFTs that have been aggregated from other marketplaces. The platform expanded beyond its curated drops last fall to offer customers a wider range of NFT collectibles.
Already, the platform has enabled hundreds of millions of dollars worth of NFT trading volume. It reached $300 million in May 2021 and has seen significant drops.
A December drop by digital artist Pak resulted in almost $92 million in primary sales. In just 10 minutes, an XCOPY open-edition drop generated $23 million in trading.
