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Metaverse Metaverse

Collectible physical and digital watches with NFTs to prove ownership to be auctioned

June 1, 2022
in NFT

A collection of luxurious watches name “Astronomia Metaverso,” is being released by Jacob & Co. The watches have an associated NFT. The watches are personally designed by Jacob Arabo, the founder of Jacob & Co. The bespoke collection features physical and digital watches.

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Jacob & Co. revealed the first three of the eight watches in the collections on Wednesday, all of which are inspired by and named after the planets of the solar system (with the exception of Pluto). The first three watches are Venus and Mars, being released as one-of-a-kind physical timepieces with accompanying NFTs, and Saturn, which will be released solely as 30 distinct NFTs. All of the physical and digital watches will be sold on UNXD.com.

It’s the second venture into the digital space by the luxury watch and jewelry brand. In April 2021, Jacob & Co. was the first luxury watch brand to launch a timepiece NFT, which fetched $100,000 at auction.

This new bespoke collection draws inspiration from what Benjamin Arabov, Jacob & Co. CEO, describes as “crypto comic culture,” using a custom comic and cinematic movie telling the story of the collection’s creation. In the story, Jacob & Co. scientists accidentally tear a hole in the fabric of space and open a wormhole into a mystical digital metaversal clone of our galaxy. Watch pieces from the lab are sucked into the wormhole and form asteroids in the metaverse. These asteroids crash into the metaversal planets inspiring their design (Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune). After landing, we discover that each asteroid has reconstituted into a unique watch inspired by its planet — a collection of watches forged from the shards of the metaverse.

“Astronomia Metaverso asks watch enthusiasts and crypto collectors alike to indulge their imagination while enjoying the finest craftsmanship in watchmaking and unlocking new experiences with the Jacob & Co. brand,” Benjamin Arabov says. “Each NFT represents a uniquely designed digital collectible piece of art with special digital and experiential privileges for the holders. However, five of them also have the power to be redeemed for an original physical watch, while the remaining three have splintered into multi-edition variants.”

Each watch in the collection was designed by Jacob Arabo, founder, and chairman of Jacob & Co. It features eight distinct designs (one for each planet), with both digital and physical versions. The watches from the five closest planets to the sun (Mercury, Venus, Earth, Mars, Jupiter) have been produced as one-of-a kind physical watches (which include an NFT of the watch), while the three most distant planets (Saturn, Uranus, Neptune) have splintered into multiple digital-only variants.

The five one-of-a-kind physical and the digital timepieces will be sold sometime in the spring. The physical watches of the first five planets (Mercury, Venus, Earth, Mars, Jupiter) will be auctioned to the highest bidder. The collection of variants for the last three planets (Saturn, Uranus, Neptune) will be sold at fixed prices.

Shashi Menon and Nick Gonzalez, the co-founders of UNXD, are impressed not only the NFT offerings but the fact that physical luxury watches with high complications will be a major part of this launch.

“The physical watches show a deep commitment by Jacob & Co. to do something truly innovative in this space,” Menon said. “We’re excited by this deeper commitment into this space, and we think collectors will respond.”

Digital, physical, and experiential benefits

The NFT watches also function as a membership pass that provides the owner future digital, physical, and experiential benefits, allowing the owner to participate in future Jacob & Co. digital activations. Drawn from the metaverse, each NFT returns with a special set of digital powers.

  • Digital – Each NFT includes high resolution renders that capture the artistry of these unique watch pieces. The three most distant planets (Saturn, Uranus, Neptune) feature multiple variant designs, creating greater scarcity within the collection.
  • Physicals – Owners of NFTs from the five closest planets (Mercury, Venus, Earth, Mars, Jupiter) will claim the physical watch.
  • Experiences – Membership via the NFT includes access to an exclusive slate of events and activities.

Each physical watch features a unique dome design that sits on top of the movement and below the crystal glass. The dome concept was created as Jacob Arabo’s interpretation of how he visualizes each planet in his watches.

For Ben Arabov, this launch represents the continuation of the innovation that has set his father, Jacob Arabo, and his brand apart from other Swiss watchmakers since its founding 36 years ago.

“Jacob has done a really good job innovating and disrupting before those words become cool. This is the second generation entering this space and creating a new path for Jacob & Co.,” Ben Arabov said. “Over the past 30 years, there were flat time zone watches and watch complications. This is the next phase and next step, and I came into this business to bring this new world to the public.”

Via

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects.

Readers should do their own research and consult a professional financial advisor before making any investment decisions.

Tags: auctionCollectible

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