Samsung advances in the NFT market and the entire Web3 network

Samsung advances in the NFT market and the entire Web3 network

Corum8
2 min readJun 11, 2022

Samsung, the world’s largest telecommunications technology company, recently discussed its Web3 innovations focusing on NFT auctions. According to reports, the digital agency may be running a Discord page where it can provide a more detailed picture of its technological advancements. In this way, the South Korean company may be joining the ranks of NFT supporters.

As the overall cryptocurrency market recovers from its most recent dismal trend, NFT buying and selling is gaining traction. Samsung has demonstrated that it can continue to support new technologies.

Multinational IT companies are eyeing the NFT marketplaces sector

Samsung demonstrated how successful its venture into the Metaverse was earlier this year with the 837X challenge. With the Super Star Galaxy challenge on Roblox, the company would eventually become well-known in digital universes. According to its boss, the Korean agency will look for NFTs using a Discord account that will be active between June 7 and 10.

The non-fungible challenge will be a digital quest with multiple objectives.On Discord, Samsung’s manager stated that the portal has a formidable design, is very simple to use, and is capable of discovering the NFT marketplaces, Web3, and other technology projects. It certified a document with over 6000 clients after the launch of the dedicated portal. The manager claims that the first buyers will receive an OG function, while the rest will receive gifts throughout the launch.

Samsung’s innovations are based on cutting-edge technologies.

Since the beginning of the year 2022, the entire South Korean digital group has rapidly advanced via Web3 to become one of the leading promoters of new technologies. Samsung announced its debut into digital universes with Decentraland in the first month of the year. During that time, the agency would discuss its interest in the NFT market.

The company has around 800 Decentraland outlets after only 5 months of expansion. The most major Decentraland challenge headquarters, according to the agency, are in New York, specifically in the Manhattan district. However, this store will only be open to the public on a limited basis, and the reason for this has not been revealed.

Remember that in May, the technology firm announced the introduction of an NFT platform alongside Nifty Gateway, which has been working with the non-fungible token scheme for more than three years. According to reports, this relationship allowed the NFT home to be integrated into Samsung-owned Smart TVs, providing rapid access to its fans. However, Nifty would also allow MicroLED and The Frame televisions to compete.

Over 6,000 digital goods will be available on the NFT platform, provided by artists such as Beeple and Pak, who are gaining traction in the digital market. The challenge, according to the Nifty director, aims to improve NFT adoption and make it more flexible.

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Corum8
Corum8

Written by Corum8

Corum8 is the software development, marketing and outsourcing company.

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