- There seems to be a new way of making money online especially for graphics artist and this is surprising many
- A graphics designer is selling 3D animation NFTs of Rolex watches for significantly more than how much the original cost
- His innovation is causing steers online and raisng confusion on who are the buyers and what it is use for
Jesus Calderon, a 29-year-old watch enthusiast and crypto advocate, is making a fortune by producing and selling 3D animated watch of expensive Rolex as NFTs (Non-fungible token).
His Generative Watches collection now comprises of two major lines, the Rodex Daitona and the Rodex Bitmariner.
He creates the 3-D animations using an algorithm and uploads the completed product (a JPG or GIF) to his store, where fans pay generously in an abstracted form of currency(Ethereum).
Calderon collections is more expensive than the real watches
According to Bloomberg, the Rodex Daitona - derived from the term Rolex Datyona - is offered for 20 Ethereum, which is somewhat more than $76,500. (N31 million).
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The cheapest Rolex Daytona is roughly $18,000 on the company's official website.
Calderon also has a Rodex Bitmariner (Rolex Submariner) for sale at a price of 20 Ethereum.
In an interview with one of the world's popular watch magazine Hodinkee he said:
"I thought people would love having awesome 3-D watches as a collectible, especially if they're representative of their real-life counterparts."
"Today, a watch made from pixels that you store on your hard drive and show off on social media can command as much as a Rolex Submariner. Welcome to the future."
Investors are in tears as over N3trn worth of bitcoin is wiped out
Meanwhile, investors of bitcoin saw over N1 trillion wiped off their investment as the cryptocurrency crashed within the last 24hours.
At its lowest on Saturday, one unit of Bitcoin sank below the $42,000 mark, losing as much as 22 percent, as per a Reuters report.
The fall comes amid Christmas risk-off taking a cue from the global stock markets, which remained volatile for the same reason.