The Metaverse continues to heat up, making for some exciting news stories. This week has been more of the same. The biggest story just launched, LG filed patents for an NFT trading television. Blur also made headlines again and an Artizen fund raised over $2 million to create cultural NFT artifacts. Here’s the scoop:

LG Plans On NFT Trading TV

LG just filed a new patent, and it could mean more tools to come for NFT traders. According to the patent application, the company plans on building a blockchain-based smart TV. If all goes well, you’ll be able to trade NFTs on it. 

The information was published on a global database yesterday, May 11. That means the filing date was 18 months ago. Considering this timeline, LG submitted the patent application in about November 2021, which could mean the television is closer than we think. 

The application suggests the TV will connect to crypto wallets and an NFT market server. This should give you the ability to trade right on your TV. 

Blur Makes Headlines… Again

Blur has clearly been a major contender in the NFT marketplace game and the company is making headlines yet again. The company is seeing quite a bit of demand for its new lending platform, Blend. 

According to various reports, the platform has already seen registrations for over 3,400 NFT-backed loans with total values of more than 55,000 ETH or $100 million. 

With blend, you can access ETH loans backed by Azuki, Miladay Maker, Wrapped CryptoPunks, and DeGods NFT collections. You can also purchase these NFTs on Blur loans with a down payment. 

Artizen Fund Raises $2.2 Million

Finally, as NFTs continue to send shockwaves through the art industry, one fund seeing opportunity. Artizen, a fund dedicated to Web3 culture and crowdfunding, announced that it raised $2.2 million. 

The money was raised to help creators fund projects that involve art, science, technology, and design. 

The fundraise saw participation from leading Web3 funds like Consensys Mesh, Animoca Brands, and Protocol Labs. It also garnered the interest of large individual investors like the founder and CEO of Protocol Labs. 

We’ll See You Next Week

That’s all for this week my friends. Come back next Friday for the latest and greatest in NFT news.