2021-9-28 17:56 |
Sm-ART NFT, a pioneer in fine art investments that allows investors of all backgrounds to buy, sell and partially own luxury jewelry, sculptures, and fine art using fractional tokens, has added a new luxury Patek Philippe watch to its portfolio of tokenized investment opportunities, Invezz learned from a press release.
Hallmark design, outstanding investmentThe Patek Philippe Nautilus collection features an elegant design and has been recommended as one of the top watch investments by Chrono 24 CEO Tim Stracke. The watches are characterized by a horizontally embossed dial, a rounded octagonal shape, and a stylish, ingeniously constructed case. This watch has been valued at over $100,000, but Sm-ART NFT is offering fractional ownership of the collector’s gem. Asset tokens for part ownership of the Patek Phillipe Nautilus 5711/1A-010 stainless steel watch start at $100.
High value acquisition is made possible through blockchain ownershipThe unique NFT platform lets investors buy fractional shares in novel, high value items via blockchain ownership. The ERC20 protocol is used to fractionalize assets and all tokens representing an asset share meet the ERC20 standard.
Investors can buy and resell these fractions on the platform’s website or on platforms like OpenSea. The platform creates digital representations of the assets as NFTs and lists them for sale via blockchain technology. Asset tokens serve as proof of part ownership. They can be bought using a supported cryptocurrency depending on the seller’s requirements.
Danny Sangha, cofounder and CTO of Sm-ART NFT, said:
“We are delighted to have added this stunning Patek Phillipe watch to our collection of luxury assets. Owning high value items outright is a dream for many people, but with Sm-ART NFT, this can become a reality and allows those with an interest in fine art and luxury masterpieces the opportunity to not only make a beautiful investment in terms of financial appreciation, but also to co-own something that is visually spectacular.”
Among the platform’s other assets are art works by Pasquale Cuppari, who has been featured in exhibits alongside Andy Warhol, and photography by interdisciplinary artist Gabriel Dean Roberts. You can view the full collection of assets here: https://sm-artnft.com/#section-assets.
The post Sm-ART NFT platform enhances investment portfolio with luxury Patek Philippe watch appeared first on Invezz.
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