LG’s NFT marketplace for TVs is shutting down

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. LG is shutting down Art Lab, its NFT marketplace for TVs. In a notice posted to its website, LG says it has made the “difficult decision” to close the platform on June 17th. LG launched its Art Lab app during the NFT craze in 2022, billing it as a way to “buy, sell and enjoy high-quality digital artwork” from your TV. It added new digital art to the platform through “groundbreaking” NFT drops, which users could purchase by scanning a QR code to complete transactions through Wallypto, LG’s crypto wallet app. At launch, LG Art Lab operated on the Hedera network, which used a blockchain alternative called hashgraph, but it expanded to Ethereum last year. Prices of the NFTs varied widely, with a “Bloom” animation from Bryan Brinkman costing the equivalent of $59.82, and a single-edition piece from Amadon selling for over $3,800. That’s more ... Read full article.