LG announced that it has teamed up with cloud-based technology platform Oorbit and Pixelynx.
The collaboration is set to allow viewers to explore interconnected virtual worlds, concerts and artificial intelligence multiplayer games through their LG TVs, making it easier for consumers to interact in the metaverse. According to a Jan. 4 press release , users will be able to access super high fidelity interconnected virtual worlds and experiences including virtual concerts and AI-generative multiplayer games.
In December 2022, it was reported that digital entertainment, blockchain and gamification company Animoca Brands had secured a majority stake in the Los Angeles-based Pixelynx.
In March 2022, LG Electronics also officially updated its business development goals to include cryptocurrency and blockchain-based software. A South Korean news platform reported that LG added two distinct crypto-related objectives during its annual general meeting: “the development and selling of blockchain-based software” and “the sale and brokerage of cryptocurrency.
