Quinting, a luxury Swiss watch brand, will collaborate with Coinllectibles, a Metaverse blockchain firm, to launch limited edition watches. According to an October 4, 2022 announcement by Coinllectibles, the two will collaborate on the launch limited edition watches tied to Digital Ownership Tokens.
Details of the Collaboration
The two companies will launch the limited edition watches at the Global Web 5.0 Conference in Singapore on November 1, 2022. It will be the first time Quinting’s watches are displayed in the country. Each luxury watch is valued at $38,000 to $208,000. The models at the conference will be:
- Quinting Panda
- Quinting Moonlight Circuit
- Quinting Challenge
- Quinting 24 Heures du Mans QGL55CR24H
- Quinting 24 Heures du Mans QSL55CR24H
Quinting is a Unique Brand
There are over 2000 luxury watch brands in Switzerland. However, there are only 25 watch mechanics makers in the country. Quinting is part of an exclusive club of Swiss watch brands that manufacture their own parts. It is a pioneer in the Swiss watch industry in using sapphire crystals to create skeleton watches. All Quinting watches are hand-made at its facility in Geneva, Switzerland.
Its most iconic watch collection is “The Dove of Geneva.” This collection has been dubbed the Watch of Presidents, seeing as many heads of state, including former US president Bill Clinton, owns a piece. The watches are popular with celebrities such as Michelle Ye of Hong Kong and French Actor Gérard Depardieu. The partnership with Coinllectibles marks the first time Quinting has tokenized its watches.
What the Leadership Team Had to Say
According to Pascal Berclaz, the President and CEO of Quinting SA, they had been closely watching developments in the NFT space. He noted that while the NFT market was experiencing crypto winter, it was the perfect time to launch the collection. Berclaz added that they would be using the NFTs to represent ownership rights of the physical watch. He added that it was yet another method for collectors to get their hands on limited edition timepieces.
Berclaz added that they had always had their eye on Singapore. For a long time, they had been looking for partners to help them enter the country. He noted that Singapore was the fifth wealthiest city in the world, with over 250,000 millionaires living there. That made it the second largest Asian nation by the number of millionaires. Consequently, it was a market they wanted to join.
Benny Phang, the Partnership Director of Coinllectibles, also commented on the collaboration. According to him, Coinllectibles was always looking for ways to offer value to their partners and the community. To do that, they would bring renowned brands to Singapore via their Global Web 5.0 conference. They could then demonstrate real-world use cases for NFTs. Phang believes NFT technology has many practical uses, and they will roll out similar initiatives soon.
What Does Coinllectibles Offer?
Coinllectibles is a brand owned by Cosmos Group Holdings. The company offers authentication, valuation, and certification services to its customers. It also offered sales, purchase, financing, hire purchase, custody, security, and exhibition services to art buyers via traditional channels and leveraging the blockchain through Digital Ownership Tokens (DOT).
Coinllectibles focuses on the collectibles industry, specifically on artwork and memorabilia with intrinsic value, tangible or intangible. It uses the blockchain, the Metaverse, marketplace, and Digital Ownership tokens to enhance the collectibles industry. It firmly believes in the power of DOT technology to transform society.
