LG Electronics is set to shut down its NFT marketplace, LG Art Lab, after three years of operation. Launched in September 2022, the platform allowed users to trade NFTs and display digital art on smart TVs. The decision comes amid a broader market downturn in the NFT sector. LG Art Lab initially utilized the Hedera network and expanded to Ethereum in 2024. The closure will take effect on June 17, 2025, with collectors given until April 30 to withdraw their assets. Support for the platform will cease in July 2025. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io