The Korean giant LG Electronics has confirmed its interest in Web3, in particular the metaverse. It announces an Oorbit partnership, which will allow it to integrate technologies directly into its smart TVs. A major step for the company, which shows that blockchain-related technologies are indeed part of its objectives.
LG shows its interest in the metaverse
The Oorbit company defines itself as “a portal to interactive 3D virtual worlds“. She announced its new partnership with LG on Twitter :
Announced just in time for #CES2023we’re excited to announce that we have partnered with @LGElectronics to bring interoperable gaming and social experiences directly to your LG Smart TVs.
READ: https://t.co/nppJZe650B
—Oorbit (@OorbitOnline) January 4, 2023
The idea is therefore to allow users to access the metaverse directly from smart TVs offered by LG :
“With this partnership, Oorbit and LG bring together immersive games and experiences and facilitate interactions in the metaverse for consumers.»
👉 To go further – Metaverse: understanding these virtual worlds based on blockchain and NFTs
A common digital identity for the different metaverses
This will happen in particular by creating a digital identity, which will allow users to easily switch between experiences. Oorbit and LG want the different virtual worlds to be interoperable. According to Pooya Koosha, the co-founder of Oorbit, it’s all about accessibility:
“Our technology is the link between different virtual worlds, allowing developers and brands to bring their experiences into the metaverse. Scaling our technology to millions of LG TV customers is the next step in order to make the metaverse accessible to all.»
It has been some time now since LG confirmed its interest in blockchain-related technologies. Last September, the South Korean giant announced the development of a crypto wallet based on Hedera Hashgraph (HBAR). In addition, at the start of 2022, LG had added blockchain and cryptocurrencies to its future development goals. The development of technologies related to the metaverse is therefore the next step, thanks to this partnership.
👉 Listen to this article and all other crypto news on Spotify
Source: Oorbit, press release
Newsletter 🍞
Receive a summary of crypto news every Monday by email đź‘Ś
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
2248 items
