New Old Stock (NOS), founded by cryptocurrency and vintage watch enthusiasts, is riding the wave of popularity of NFTs by launching its own set of virtual collectibles.
NOS is building a collection of vintage timepiece NFTs to appeal to avid watch collectors who want to bring these classic designs into the metaverse. Their vision is simple: to provide these horologists with their own niche in the crypto economy and to make up for the downsides of real-life watch collecting through NFT technology. With these tokens, NOS guarantees authenticity and value to ensure legitimate ownership of the digital timepiece, elevating the experience of buying and owning vintage watches.
The term “new-old-stock” is coined by vintage collectors to describe old pieces that have never been worn.
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“We believe that the NFT and Metaverse verticals will be the next big phase in consumer technology,” said Quinton Ng from Berne Horology. “Through NOS, we provide the gateway for watch enthusiasts to bring their favorite pieces from the real world to the metaverse.”
NOS tapped Berne to be the primary vintage watch advisor for this project.
Iconic design
Entering the marketplace in late February through early March, the first drop of NOS NFTs will feature a series of 3,888 unique designs. These NFTs are inspired by iconic, recognizable vintage watches and developed based on expert knowledge by a research team in collaboration with designers.
According to NOS, each design is based on common watch parts, namely case material, index, dial, hands, bezels, and bracelet materials. NOS has also put its own touch on the special 1-of-1 generation pieces and incorporated special features, such as scratched cases, tropical dials, and patinated indexes to give vintage watch lovers something unique to look forward to.
Following the initial release of the NOS collection, there will be boxes and papers NFT release as well as limited edition 3D models of selected watches by Q2 2022. NOS will also offer presale contests and real watch giveaways until the official release of the NFTs is announced.
Digital ownership
After the February launch, NOS plans to create a DAO, a decentralized autonomous organization made up of buyers and owners of the first NFT series, to govern the future of the project. The DAO will acquire these vintage watches, which are not normally available to the general public due to their high price and requirement of expertise to authenticate, giving members the opportunity to have fractional ownership of highly sought-after real-world watches.