Watch as an investment?
As a developer company, Evolvens Group Kft. has a very colorful past, it has produced several developments in many areas over the years. Designing and manufacturing custom watches became their main activity in 2016, and it has been operating successfully ever since. The members of the team have recently cut their ax into another tree and we can now gain insight into this initiative: the Evolvens NFT Watch is coming!
The Evolvens watch configurator
When we visit the company’s website, the Evolvens watch configurator is the first specialty that we come across. This application gives the future owner the opportunity to select the elements of their dream watch according to their own ideas. While it would be way too difficult for large watch companies to implement such an initiative, mainly for logistical reasons, it is fully feasible for Evolvens as a micro brand. Moreover, in addition to the variations found in the configurator, it is also possible to bring other unique ideas to life, thus every customer can be sure they get a watch that will adorn their wrist only.
Interestingly, a large watch company is simply unable to carry out such an initiative since it is equipped to produce tens of thousands of pieces for a single model, making it almost impossible for it to create a single custom configuration. Another intriguing feature of the Evolvens watches is that each piece is assembled by hand in Budapest using elements that are mostly made in Hungary.
At the gates of new opportunities
Cryptocurrencies are truly popular these days and Evolvens is very well aware of this. It has always been important to the company to improve and keep up with the trends, and this approach allowed them to be open to the opportunities offered by the world of NFTs which are closely related to cryptocurrencies. NFTs are digital works that are completely unique and unrepeatable. Thanks to the watch configurator, this is also true for Evolvens models; recognizing this common feature, the company decided to build a bridge between the world of watches and digital instruments.
This is how the idea of the Evolvens NFT Watch was born. With this project, the main goal of the company is to raise capital to strengthen their brand which can further help them to be among the first to deal with NFT in the long run and open new gates for the participants of the watch market, as opposed to the usual initiatives in the industry. They are more than willing to challenge themselves while pushing the boundaries of the watch industry as well, and this NFT project is proving to be ideal for this. As always, they bring their own image into this initiative as much as possible, they shared some interesting information about this also.
How is this project different?
So how does the digital art of NFTs fit in with the unique Evolvens watch configurator? Unlike most NFT projects, the company has decided to build the physical equivalent of the purchased (minted) Evolvens watch token and deliver it to the owner. A total of 2000 configurations are created with no two variations alike. The history of the watches equipped with a unique ID and connected to the tokens are recorded on the blockchain, thus providing easy identification, long lasting value and the possibility for secure resale.
Even though it may sound a bit surreal at first, it is true that over time the price of a Rolex or Omega watch, for example, can become the multiple of its original price. Thus it can be concluded that a high quality watch is already valuable in itself, and with the assistance of the blockchain technology, its increase in value can be predestined and taken one step further. Evolvens found it essential to be able to present timers in the world of NFTs as well that could guarantee the quality requirements of the industry even in case of a possible rapid growth in the value of the tokens. This was one of the main reasons why the company decided to use Swiss movement, sapphire glass and extremely durable coatings for the watches.
Who should keep an eye on the project?
The team keeps publishing information about the appearance of the tokens and the related watches, and based on what has been said and seen on the official website of the Evolvens NFT Watch, we know for sure that sporty elegant watches will be available along with some rare and exclusive configurations. The initiative can be significant primarily for those looking for projects for investment purposes and want to minimize their risks. Whatever the outcome of the project may be, the owner will definitely get a watch equipped with Swiss movement. The company finds it essential to also provide watch enthusiasts with the opportunity to participate in the story of the Evolvens NFT Watch. In order to make this easier, the team members are always there to help those with token purchases who are less experienced in the world of NFTs.
The Evolvens NFT Watch therefore seems to be a promising, innovative and unique project, and its development should definitely be followed.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this article is solely the opinions of the writer who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
