Theta Network (THETA) will release Galaxy as part of a new development effort to provide Samsung users with more innovative experiences across the company's smartphone product lines.

Samsung partners with Theta Network to promote Galaxy NFT ecosystem
Samsung partners with Theta Network to promote the Galaxy ecosystem

On August 8, Samsung Electronics signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate the ecosystem. NFT for its new line of Galaxy mobile phones.

“Over 100,000 NFT holders can use their Theta NFT online and offline through ThetaPass technology. This is just the beginning and we will continue to expand the reach and utility of our retail and e-commerce stores to expand the benefits for Samsung NFT owners.”

The move is part of Samsung's NFT-connected consumer experience innovation campaign. The company intends to use NFT as a vehicle to bring practical benefits to customers. Details will be confirmed at the new product launch scheduled for August 10.

At this event, Samsung will launch the Galaxy Fold 4, which is said to have an improved hinge design, thinner structure and Snapdragon 8 Gen 1 Plus with 4 nanometer processing technology. Theta Labs' role is to release the Galaxy NFT, while NFC payment solutions company Allink provides authentication services.

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But this is not the first time Theta Network and Samsung have teamed up. The two collaborated on an NFT project in February 2022 to celebrate the launch of Galaxy S22 and S8 Tablets. Buyers who pre-order the above models in South Korea can claim the NFT for free by registering on Theta Network's NFT marketplace ThetaDrop.

In 2018, Theta Labs successfully integrated test SamsungVR to provide users with the smoothest experience during video viewing.

Besides Samsung, about two months ago, Theta also joined forces with Japanese technology giant Sony, helping the company release NFT 3D compatible with 4K SRD displays.

About Samsung, the company is showing great ambition in the game . At the beginning of this year, Samsung surprised the community by building a virtual store in Decentraland (), which has become one of the main promotional venues for the Galaxy S22 product launch event.

Not stopping there, Samsung also cooperated with Nifty Gateway to develop the industry's first smart TV NFT platform, listing the fund. Asia's First in Hong Kong, Launches Discord Server Dedicated to Web3, Launches Samsung Wallet Digital Wallet App and Gets Ready to Go to the Mining Industry when preparing to produce mining chips .