Samsung Signs MOU to Build Galaxy NFT Ecosystem – Metaverse Bitcoin News
Korean electronic goods manufacturer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will work together to build the Galaxy NFT ecosystem.
Galaxy NFT Ecosystem
South Korean electronics manufacturer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies to build the so-called “Galaxy NFT” [non-fungible token] ecosystem”, says a report. The signing paves the way for Samsung Electronics to begin work on connecting the virtual and real worlds using NFTs.
According to a report on Korean-language news website News1, the six companies that signed the MOU with electronics giant Alllink include Digital Plaza, e-cruise, Shilla Duty Free, Show Golf and Theta Labs. Theta Labs is Samsung Electronics’ NFT Issuing Partner while Alllink is the Authentication Solutions Partner.
In remarks following the announcement by the electronic goods maker, an unidentified company official said:
Samsung Electronics will continue to innovate the customer experience connecting the virtual world and the real world using NFT with various partners.
Meanwhile, the News1 report said that Samsung Electronics plans to extend benefits that include discounts to users or holders of the New Galaxy NFT, who go through the NFT certification process. According to the report, the planned NFT certification process will be carried out at the remaining four companies, namely Digital Plaza, e-cruise, Shilla Duty Free and Show Golf.
Prior to the signing of the latest MOU, Samsung Electronics along with Theta Labs had, according to the report, “presented the New Galaxy NFT in the form of a smartphone and tablet design.”
What are your thoughts on this story? Let us know what you think in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, NZPhotography / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
