More and more watch companies are getting into the NFT business. After Hublot and Jacob & Co, it is now Patek Philippe’s turn to take the plunge by offering a watch on the Sm-ART NFT platform.
Sm-ART NFT, the first NFT platform that allows anyone, including the small investor, to buy, sell and enjoy partial ownership of masterpieces, sculptures and luxury goods such as jewellery, has added a Patek Philippe watch to its portfolio of assets.
The Patek Philippe Nautilus 5711/1A-010 watch in stainless steel and with its distinctive rounded octagonal shape was chosen to join the platform. Now, anyone can afford to own a fractional part of this stainless steel watch valued at over $100,000. Investors interested in partial ownership of the watch will be able to purchase asset tokens starting at $100.
“We are thrilled to have added this stunning Patek Phillipe watch to our collection of luxury assets,” said Danny Sangha, co-founder of Sm-ART NFT. ” Owning high-value items is a dream for many people, but with Sm-ART NFT, it can become a reality. We also allow those interested in fine art or luxury masterpieces not only the opportunity to make a great investment, but to co-own something that is visually spectacular “.
Patek Philippe is not the only watch manufacturer to have invested in the NFT field. Earlier in the year, competitors Hublot and Jacob & Co had already done the same. Proof that the NFT environment constitutes a new playground, a new axis of expansion for these manufacturers.
Read also > LUXURY SWISS WATCH SALES SLOW DOWN IN HONG KONG
Featured photo : © Wikimedia Commons