VSDIAL will releases exclusive watches with NFT authenticity certificates.
NFTs – non-fungible tokens – have skyrocketed in popularity and, while largely associated with digital artworks, can also have use cases as certificates of provenance.
At a limited supply our watches, it could be a magnet for counterfeiters. As such, scarcity and product authenticity must be protected to maintain the watch’s value, and NFT technology facilitates this.
VSDIAL in 2023 the company intends to introduce digital passports for all its watches through NFTs as a way to provide proof of ownership after a watch purchase and to unlock other services and benefits for customers.
The buyer or investor has the choice at any time to resell or transfer the NFT or to redeem it the physical version.
Upon purchasing the NFT, the buyer can then become the owner of the real-world physical product represented by the NFT, with the NFT serving as a digital receipt that verifies the buyer’s ownership and the authenticity of the product.
Volodymyr Say – Product manager– said the partnership with blockchain technology allow to VSDIAL will create an elite club of enamel watch collectors. We’re extremely proud to be providing the very first service direct-to-consumer, authenticated watches NFT marketplace.