Patek Philippe’s ‘Nautilus’ creates history with first NFT

Luxury watchmaker Patek Philippe has entered the digital world with the creation of the first NFT of a watch from the brand. The rare and now discontinued ‘Nautilus’ time piece is now embodied in an NFT, created by a private owner of the watch in the Middle East and was auctioned off on the SM-ART platform. The SM-ART platform is a first of its kind – a non-fungible token (NFT) and non-fungible asset (NFA) platform that focuses on preserving and reinvigorating high-value collectibles by bringing them into the digital public domain, making them accessible to new generations with the hope of inspiring future artists.