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Swiss Luxury Watchmaker TAG Heuer Launches NFT-Enabled Smartwatch

admin by admin
6월 16, 2022
in Business, Economics
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Swiss Luxury Watchmaker TAG Heuer Launches NFT-Enabled Smartwatch
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Watches, blockchain, and nonfungible tokens (NFTs) integrated with the launch of the TAG Heuer new luxury wearable. Watchmaker TAG Heuer has partnered with the famous nonfungible token (NFT) community surrounding CLONE-X and Bored Ape Yacht Club (BAYC) to develop a smartwatch that shows NFTs and connects to crypto wallets like Ledger Live and MetaMask.

TAG Heuer store, Hong Kong

The firm insists that the functionality of the TAG Heuer Connected Calibre E4 will be easy and straightforward, with nonfungible tokens being transferred to it through a paired smartphone. The new device is designed to support static and animated NFT artwork, and many NFTs can be transferred to the watch simultaneously.

TAG Heuer said that NFT artwork can be resized and then placed within three available designs within the watch. The current capabilities of the smartwatch and how it handles nonfungible token artwork and display are outlined in a blog post published by the watchmaker firm:

“Some NFTs are still images, and some are animated GIFs. TAG Heuer’s watch face will support these formats in crisp detail, with animations looping infinitely.”

The smartwatch will also have the ability to connect to the blockchain and validate NFTs owned by the wearer. The company describes this feature in their announcement stating:

“Verified NFTs are displayed in a hexagon with a cloud of particles gravitating around the image.”

The new NFT functionality is scheduled to become available as a free update to all Tag Heuer Calibre E4 owners via Apple’s App Store and Google Play.

Buy Bitcoin Now

TAG Heuer Expands Into Web3

TAG Heuer continues to grow in the Web3 sector using a team of in-house developers for blockchain-related projects. In May 2022, the watchmaker partnered with BitPay to start accepting bitcoin payments and 11 other cryptos will also be supported, including a few US dollar-pegged stablecoins.

NFT wrist watches are not an entirely new idea, with Jacob & Co, Bulgari, and others investing in the nascent market in recent months. Nonfungible tokens exploded into the mainstream in 2021, with several individual sales reaching tens of millions. Despite recent general market conditions and cascading NFT prices, sales purportedly remain steady.

Tags: adoptionArtBitcoinBitcoin paymentsBitpayblockchainbusinesscryptocrypto paymentscryptocurrencyNFT pricesNFTsnonfungible tokens (NFTs)TAG HeuertechnologytokensWatches
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