Samsung signs MOU with six companies to build Galaxy NFT ecosystem

Samsung Electronics recently signed a memorandum of understanding with six companies that will collaborate to build the Galaxy NFT ecosystem.

Galaxy NFT Ecosystem

South Korean electronics manufacturer, Samsung Electronics, recently signed a memorandum of understanding with six companies to build the Galaxy NFT system. The signing paves the way for Samsung Electronics to begin work on connecting the virtual and real worlds using NFTs.

According to an article by Korean news site News1, the six companies that signed the MOU with the electronics giant are Alllink, Digital Plaza, e-cruise, Shilla Duty Free, Show Golf and Theta Labs. Theta Labs is Samsung Electronics’ partner for NFT issuance, while Alllink is the partner for the authentication solution.

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

Samsung Electronics will continue to innovate the customer experience that connects the virtual and real worlds using NFT with various partners.

According to the News1 article, Samsung Electronics plans to provide benefits, including discounts, to users or owners of the New Galaxy NFT, who go through the NFT certification process. According to the article, the planned NFT certification process will be conducted at the remaining four companies, namely Digital Plaza, e-cruise, Shilla Duty Free and Show Golf.

Prior to the signing of this latest MOU, Samsung Electronics and Theta Labs had, according to the article, “introduced the New Galaxy NFT as a smartphone and a tablet.“