Recently microLED Technology has been in news, Consider the following statements regarding it:

1. microLEDs are self-illuminating diodes that have brighter and better colour reproduction than Organic Light Emitting Diode (OLED) display technology.

2. microLEDs have limitless scalability, as they are resolution-free, bezel-free, ratio-free, and even size-free.

Which of the above statements is/are correct?