Samsung Signs Memorandum of Understanding to Build Galaxy NFT Ecosystem

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Korean digital goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that could collaborate 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,” one report said. The signing paves the best way for Samsung Electronics to start working on connecting the digital and real world using NFTs.

According to a report by Korean-language news site News1, the six companies that signed the memorandum of understanding with the electronics giant include Alllink, Digital Plaza, e-cruise, Shilla Obligation Free, Present Golf and Theta Labs. Theta Labs is the NFT issuance accomplice of Samsung Electronics while Alllink is the authentication response accomplice.

In remarks following the digital item maker’s announcement, an unidentified company official said:

Samsung Electronics will continue to innovate customer expertise that connects the digital world and the real world using NFT with many companions.

In the meantime, the News1 report said that Samsung Electronics plans to increase the benefits which include discounts for customers or holders of the New Galaxy NFT, who complete the NFT certification course. According to the report, the planned NFT certification course could be run on the remaining 4 companies, especially Digital Plaza, e-cruise, Shilla Obligation Free and Present Golf.

Prior to the signing of the latest MoU, Samsung Electronics and Theta Labs had, according to the report, “presented the New Galaxy NFT as a smartphone and pill design.”

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Terence Zimwara

Terence Zimwara is an award-winning journalist, writer and author in Zimbabwe. He has written extensively on the financial problems of some African countries and how digital currencies can offer Africans an escape.

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