The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $23,722.45 and BTC market dominance is %. The price of Ethereum is $1,767.05 and ETH market dominance is %. The best performing cryptoasset sector is Agriculture, which gained 10%.
The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.
Theta Networks will issue Galaxy NFTs as part of new drive to offer Samsung users an innovative consumer experience, including access to virtual events via ThetaPass.
Cover art/illustration via CryptoSlate
Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones.
“Samsung Electronics is promoting consumer experience innovation that connects non-fungible tokens (NFTs) in the online virtual world to offline real benefits.
The firm said the NFT ecosystem would promote “consumer experience innovation” by connecting the virtual world with benefits in the real world.
Samsung intends the NFTs to serve as a way to deliver “practical benefits” such as customer discounts and an authentication tool – details will be confirmed at a phone unveiling event scheduled for August 10.
According to CNET, at the event, Samsung will launch the Galaxy Fold 4, which is rumored to have an improved hinge design, slimmer build, and a Snapdragon 8 Gen 1 Plus featuring 4-nanometer process technology.
Taken in conjunction with the list of partners per the MOU, the Korean language press release suggested an in-person/retail component to the utilization process. It mentioned a list of retail partners, including the company’s in-house Digital Plaza stores.
“Samsung Electronics will continue to innovate the customer experience that connects the virtual world and the real world by using NFT with various partners.
The role of Theta Labs is to issue the Galaxy NFTs, whereas NFC payment solutions firm Allink provides authentication services.
In an English language press release shared with CryptoSlate, Theta Networks co-founder Mitch Liu said Theta is “launching the world’s largest ever offline NFT utility campaign.”
“more than 100,000 NFT holders can use their Theta NFT online and offline through ThetaPass technology. This is only the beginning, and we will continue expanding retail and ecommerce store coverage and utility to broaden benefits to Samsung NFT holders.”
ThetaPass refers to an NFT ticketing system to access virtual events, first mentioned in January.
Theta Networks and Samsung had previously partnered on an NFT digital collectibles project in February to celebrate the Galaxy S22 and S8 Tablet launch.
Pre-order buyers of the above models in Korea could claim free NFTs by registering on Theta Network’s NFT marketplace – ThetaDrop. The process involved using a unique code received via verification through the “Samsung Members” app.
At the time, Liu said the collaboration “exemplifies global adoption of Theta’s blockchain technology.” And that he looked forward to building a long-term community through this opportunity.
Samuel is a strong believer in individual autonomy and personal freedom. He is a relative newcomer to the world of cryptocurrency, having first bought Bitcoin in early 2017, but keen to make up for the lost time.
Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Learn more
Mitch Liu is the co-founder and CEO of Theta Labs and THETA.tv. Learn More
Bitcoin mining is coming under increasing fire for ecological reasons, however, data shows its environmental impact is less than that of the gold and banking sectors.
Gaurav Dubey, the CEO of TDeFi, says a cataclysmic economic meltdown could be good for cryptocurrencies.
Despite the brutal drawdown, DeFi protocols continue to run as intended, and it’s this that will set it apart from CeFi going forward.
Got a story tip? Email [email protected]
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2022 CryptoSlate. All rights reserved. Terms | Privacy

Please add [email protected] to your email whitelist.
Stay connected via

source

Write A Comment