The popularity of Patek Philippe?s Nautilus amongst watch collectors needs no introduction. Especially after the announcement of the discontinuation of the ref. 5711, the value of the iconic Patek Philippe Nautilus has exploded, making it a rare timepiece to get your hands on. A few months back, an olive green Nautilus still in its original packaging was auctioned for 11x the retail price, which is absolutely crazy! If you?re one of those who are looking to add a Nautilus to their watch collection, this new auction might interest you. However, there?s a tiny little caveat. The Patek Philippe Nautilus that?s up for sale is an NFT (Non-Fungible Token), or rather Patek Philippe?s first-ever NFT.

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In case you have no clue what a Non-Fungible Token is, think of it as a digital version of a tangible time that exists in the virtual world with the help of blockchain technology ? the same thing that powers all the cryptocurrencies. The hype around NFT is continuing to grow unabated and the Patek Philippe Nautilus NFT is a great example of it. The first-ever Patek Philippe NFT was created by a private owner of the Nautilus 5711/1A-010 in the Middle East. The iconic Patek Philippe features a 40mm stainless-steel design with its highl...