Samsung Signs MOU with Six Companies in construction of the Galaxy NFT Ecosystem

• Samsung, a South Korean electronics maker, signed a Memorandum Of Understanding (MOU) with six companies in the construction of the Galaxy NFT ecosystem.
• Samsung is on a mission of connecting the virtual world with the real world using NFT in collaboration with other partners.

Electronic giant, Samsung recently joined forces with six companies in a report with a Korean news media include; Alllink, Digital Plaza, e-cruise, Shilla Duty Free, Show Golf, and Theta Labs after signing a Memorandum Of Understanding. Theta Labs stands as Samsungs’ NFT issuance partner while Alllink is the authentication solution partner.

The firm announced that by using NFTs Samsung will continue to fabricate the users’ experience by connecting the virtual world and the real world.

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

Mitch Liu,  Theta Networks co-founder stated in a bulletin with a news outlet that Thetapass will be able to accommodate more than 100,000 NFT holders both online and offline in ThetaNFTs.

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.”

Discounts and offers will be among the advantages/benefits the Galaxy NFT Holders will be able to get, this will be confirmed at a phone unveiling event planned to occur on August 10. The Galaxy NFT will be presented in the form of a smartphone and a tablet design. Preorder buyers of Galaxy S22 and S8 Tablet will get free NFTs by registering on Theta Network’s NFT marketplace – ThetaDrop. The buyers will use a code sent through the  “Samsung Members” app for verification. Liu further stated that the partnership “exemplifies global adoption of Theta’s blockchain tech.” And that he looks forward to building a long-term community via this chance.