Ressence Debuts the Type 1 Spymaster with NFT Artwork
With a knack for technically innovative yet fun timepieces, Belgian watchmaker Ressence now unveils the Type 1 Spymaster, a limited-edition series of watches – each accompanied by a non-fungible token (NFT) artwork – conceived in collaboration with New York espionage museum Spyscape. NFTs are digital tokens stored on a blockchain – the digital ledgers that also store cryptocurrencies like Bitcoin and Ether – that are essentially assets in digital format. Each of the 21 watches in the Type 1 Spymaster series is accompanied by its own NFT, a unique video artwork referencing the watch that also serves as a certificate of authenticity. The first publicly-available example of the Type 1 Spymaster, numbered “008”, will be offered at Sotheby’s Important Watches auction in Hong Kong on April 23 with an estimate of HK$170,000-300,000, or US$21,000-38,000 (we covered a few highlights from the sale earlier this week). It will be sold to benefit a good cause, with all proceeds going to the Make-a-Wish (UK) Foundation, which works to fulfil the wishes of young children with terminal illnesses. Initial thoughts NFTs have catapulted into prominence in recent months – a digital image sold for US$69 million at Christie’s in March 2021 – becoming the biggest and hottest fad in an era of fads. Watchmakers have jumped on the bandwagon as well, but if there’s a brand that’s NFT ready, it is Ressence. Having both filled a watch case with oil and installed magnets with...