LG is launching Crypto Wallet – Katoch Tubes

LG enters web3 with Cryto wallet

About LG Corp

LG is South Korean based Corporation focused on producing world class consumer goods for everyday living

What's the news?

LG is all set to launch its digital wallet by the end of this year. The wallet is called Wallypto

What ths use-case?

The wallet will be used to record blockchain transactions & will be part of inventory management

Supported Technology

The wallet will be built on Hedera technology which isn't a blockchain tech. & it uses Gossips to confirm the transactions

LG Art Lab

LG has also announced the launch of NFT marketplace for its Smart TVs. Details -

Samsung Response

LG's competitor Samsung has already announced the launch of its crypto exchange in early 2023.  A step towards adoption

Scope for Web3 mobile?

Both LG & Samsung are silent on this question. The companies are looking for green signals to dedicate resources for web3 development.

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