Swiss luxury watchmaker TAG Heuer launches NFT-enabled smartwatch
TAG Heuer, members of the Bored Ape Yacht Club, and CLONE-X collaborated to create a wristwatch in collaboration with the nonfungible token ecosystem (NFT). Not only can this watch show NFTs, but it can also link to cryptocurrency wallets like MetaMask and Ledger Live. TAG Heuer is the developer of this watch, as well as the manufacturer’s name. TAG Heuer created this timepiece, which is currently available for purchase. TAG Heuer’s next smartwatch will be available for purchase by the general public later in 2018.
According to TAG Heuer, the TAG Heuer Connected Calibre E4 will be able to receive synchronized NFTs from a smartphone, making the watch easier to operate. NFTs have the ability to be sent to the watch at the same time thanks to the software that is now operating on the device. This tool also allows for the import of both animated and static NFT artwork. The NFT artwork may be scaled up or down as well as shifted around in any of the watch’s three major designs, according to TAG Heuer. As indicated by the creator, this is something that can be done. The user has a wide range of personalization options from which to pick.
Furthermore, the wristwatch may connect to the blockchain in order to validate any NFTs that the user may possess. At some point in the not-too-distant future, this functionality will be disabled. The following is a list of the new features, as supplied by TAG Heuer in an official press release: A maelstrom of particles encircles a hexagon that is made up of approved NFTs.
Owners of the Tag Heuer Calibre E4 watch will be able to use the newly upgraded NFT functions at no additional cost after downloading the update from Google Play or the App Store on an Apple device.
The fact that TAG Heuer has an internal development team dedicated only to blockchain efforts allows the corporation to stay one step ahead of the competition in the Web3 market. TAG Heuer began taking Bitcoin (BTC) as well as a variety of other cryptocurrencies as payment after forming a relationship with BitPay in May. Six stablecoins were among the digital currencies, each with a value tied to the US dollar. Even though Bulgari and Jacob & Co. have only recently entered the market for these timepieces, NFT watches are not a completely new concept.
The number of people purchasing non-fungible tokens (NFTs), also called “non-fungible tokens” in some cases, has increased dramatically. According to the findings, an examination of the data shows that current market conditions, as well as quickly increasing NFT pricing, have had no effect on sales.