The project will kick off with the release of NFT passes, where users will be able to design a watch and participate in voting for its design
Japanese electronics manufacturer Casio has announced a partnership with blockchain platform Polygon Labs to issue Polygon-powered G-Shock virtual watches in the form of non-fungible tokens (NFTs), The Block reports.
The project will kick off with the release of NFT passes, where users will be able to create a watch design and vote on the design. Starting September 23, 2023, users will be able to get one of the G-Shock creator’s 15,000 NFT passes, which will give them access to the project’s Discord channel.
Casio customers who have previously registered on the company’s website will be able to participate in the NFT pre-release, which will take place from September 23 to 26. Public distribution of the product will begin September 26 through September 29.
Casio officials said they chose the Polygon platform to launch the virtual watch collection because it provides “lightning-fast transactions that make the process of issuing and managing NFTs simple and convenient,” the publication writes.
The NFT pass collection will be available to residents of the U.S., U.K., Germany, Italy, the Netherlands, Spain, Portugal, Austria and several other countries.
In August, Coca-Cola released a collection of NFTs on the blockchain of cryptocurrency exchange Coinbase. The company’s tokens contain works by emerging artists and world art, notably Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring.”
Also earlier, Adidas and Japanese streetwear brand BAPE announced that they will hold an auction to sell NFT sneakers. It was noted that the minimum bid for each item on the Adidas Collect website will be 0.3 ETH, or about $548.