Source | Robb Report
The watch, based on an IRL world traveler, replaces the names of cities with different cryptocurrencies
The growing mania for NFTs—non-fungible tokens, to the uninitiated—has hit the luxury watch industry. Last week, Jacob & Co. announced it has teamed with the NFT platform ArtGrails to release the first-ever digital watch. That’s right: The timepiece will only exist in the virtual realm.
Like all NFTs, the wristwatch is a unique work whose sale is “minted” on a digital ledger, known as a blockchain. The encryption includes records indicating who created it, who owns it and proof of authenticity.
Based on the Epic SF24, a physical world time travel watch with an innovative split-flap display listing 24 cities around the world, the new digital-only SF24 NFT will replace the names of the cities with the names of 10 cryptocurrencies, including Bitcoin, Ether and Fantom. Unlike its real-world predecessor, the digital asset will also include a tourbillon. A unique box and certificate will accompany the digital asset.