LG will shut down its NFT platform, LG Art Lab, on June 17, according to a notice published on its website earlier this month. 

The project, launched at the height of the NFT craze in September 2022, allowed users to display NFTs on their TVs and partnered with visual artists to launch digital art collections.

“As the NFT space continues to evolve, we believe it is the right time to shift our focus and explore new opportunities,” the company stated. 

Ahead of the closure, all assets currently listed for resale in the LG Art Lab Marketplace will be transferred to collectors’ personal wallets by April 30. Customer support will remain available until July 18, LG said.