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Lot was sold

Lot 1061 | Hanhart
Deutschland | Hanhart CXD

Estimate
10.000 - 15.000 €
*
Result:
(incl. premium)
44.625 €

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Deutschland
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Auction results from: Hanhart
Deutschland
HanhartDeutschland

Title: Hanhart CXD
Created: 2021

Hanhart CXD - World's first NFT Hybrid
UNICAT

The renowned watch manufacturer Hanhart from the Black Forest is combining real craftsmanship of the highest precision with the digital world for the first time. It is a completely new design based on the idea of blockchain. In addition to the digital design, the result of a long process of development, the buyer of the NFT also receives the right to have the Hanhart CXD manufactured as a unique piece. This unique, exclusive right to build this watch is securitized in a second NFT. The option to produce the watch can be exercised until December 31, 2022 for a price of 37,800 Euro. Personal wishes regarding specifications in the design (color and type of stones) can be coordinated with the Hanhart company. Both NFTs can be traded separately after the purchase. After December 31, 2022 or after the realization of the Hanhart CXD, the NFT with the option to produce the watch will be "burned" and loses its validity.

"Blockchain and cyberspace were the defining themes in the development of the watch. The design of the blocks lining up reflects the blockchain and merges into the case. The name CXD comes from the sequence of characters that best reflects the infinity symbol ∞ and represents the infinite expanses of cyberspace," says Felix Wallner, managing director of Hanhart.

Technical details of the Hanhart CXD

Case:
Titanium grade 5
Diameter 40 mm
Convex sapphire crystal printed from the inside with anti-reflective coating
Sapphire crystal caseback
Height 14 mm
Water resistant 10 bar/10 ATM
Screw down case back
Serial number 1/1
Crown with modern Hanhart h

Movement:
Sellita SW 300 with Hanhart rotor
Automatic winding with ball bearing
28'800 vibrations per hour (4 Hz)
25 jewels
42 hours power reserve

Functions:
Hours, minutes and center seconds
Stop-seconds function

Dial:
Set with 60 hand-cut stones
Stone type and therefore color is selected with the NFT owner
Base price includes hand-cut glass stones

Bracelet:
Vulcanized rubber with Hanhart logo
Lug width 20 mm

Production price of the watch: 37.800 Euro incl. 19% VAT*
* Base price includes hand-cut glass stones

Since its foundation, Hanhart has stood for innovation and built one of the tools for aeronautical progress with its high-precision pilot watches, some of which are still in use today.

The creation of the NFT as well as the technical processing is carried out by the company Time To Token IT GmbH in Cologne, which specializes in tokenization.

Owner: Hanhart
Token Type: NFT (ERC-721)
Token ID: 87502765224358460218628164
Blockchain: Ethereum
Minted by: Time To Token GmbH
SmartContactAdr.: 0x777965bE9cd32c818f7f21573f7730f43B40f8Bd
Filename: Hanhart-CXD-NFT-Start.jpg (main picture)
Format: JPEG (main picture)

In addition to our GTC, the special conditions for auctions of NFTs also apply. You can find them here.

Certificate: https://arweave.net/4Ez_o5-aXclZHvA44jzkhc1UfW4EDMShJie8G_ea8lE
Token ID of the 2nd NFT: 24629838803644297328717003170953892031588

Condition Report
Summary: Excellent condition
Token Type: ERC721
Blockchain: Ethereum
Metadata Storage: On-chain (Ethereum)
Media Storage: Arweave (primary), Hanhart servers (secondary)

Technical Details
Additional Implemented Interfaces:
ERC165
ERC721Metadata
ERC721Enumerable
ERC2981

The token is a standard ERC721 token that can
be listed on all NFT marketplaces.

Metadata and media data integrity is excellent:
- Token Metadata is stored on-chain and the "tokenURI" method returns a data-URL.
- Media (images, 3D models) are decentrally stored on Arweave and centrally on the creator's servers.

A 5% royalty payment to the token creator is automatically applied via:
- ERC2981 interface (used by Mintable and other marketplaces)
- Rarible 0xb7799584 interface.
- "contractURI" method used by Opensea.

Contact:
Janine Breidenbend
VAN HAM Art Store
+49 221 92 58 62 105

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Conditions of this Lot


Statutory Turnover Tax, VAT is declared

27.00 % buyer’s premium on the hammer price
19.00 % VAT on the total of hammer price and buyer’s premium



Estimated shipping costs for this lot:
Arrangement after the auction.



Similar works in the auction
Hanhart   Germany   NFT   Jewellery  

Stock Id: 74230-1

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