The world of NFT’s are upon us and we are excited to announce the launch of ‘The Segrwyd Collection’ which is a selection of limited edition NFT’s , created to celebrate the launch of our brand. Our NFT’s not only offer the chance of making a great investment but our NFT owners will be offered mystery airdrops as our brand develops. The collection can be viewed and purchased on https://opensea.io/Segrwyd
So what is an NFT? Technically it is a Non Fungible Token, a fungible token are things like bitcoins and fiat currency like UK pounds and dollars which can be traded for another currency. NFT’s on the other hand refer to unique digital assets which can range from virtual real estate, digital artwork and collectables, video, music and much more. Their value lies in their exclusivity. Unlike bitcoins, which are fungible as they can be traded for another, NFTs are unique, one of a kind digital trading assets. Powered by blockchain technology, NFTs are encoded and can be sold online, in return for crypto payments such as Ethereum, Binance and Bitcoin, which in turn can be exchanged for Fiat currency.
NFTs can benefit artists, musicians and content creators alike. NFT’s gives creators the chance to monetise their work without giving away a large proportion of their income to galleries, auction houses and agents. NFTs can be sold directly sold to a community of collectors, allowing them to earn and retain most of the profit for themselves.
When a creation is re-sold, “NFT Royalties” are provided to the asset’s original creator, which would never happen in the mainstream art world.
To join the world of crypto assets and the metaverse you will need a digital wallet such as Metamask and you will need to buy the appropriate crypto currency such as Ethereum dependent upon the network you wish to use. Many wallets including Metamask can set up to handle more than one network. Your wallet can also hold your NFT’s.
We are continually investigating and adopting the best that proptech has to offer the world of property, in order to obtain the best possible price for our clients in the shortest timescale. We see the Blockchain as having the potential to super charge these ambitions and as stated by the UK Royal institute of Chartered Surveyors ‘Blockchain technology is moving closer to becoming an acceptable medium for transactions on the property market – but the challenges will be more legal and legislative than technological.’ Tokenisation in the property market could lead to faster transactions and the ability for investors to buy a small part of a property through fractional ownership if they cannot afford the complete property, therefore increasing liquidity in the marketplace. Smart contracts have the ability to transform the market by streamlining the conveyance and legal process, potentially increasing the frequency of transactions. Here at Segrwyd we are monitoring changes in this rapidly evolving space very carefully.
We are also looking to combine the sale of both physical and digital property and land on our property website by becoming a digital agent for metaverse real estate.
”We already have concept and prototype designs to create one of the worlds most luxurious and exclusive fashion brands. To secure the rights to one of our limited edition creations an NFT will need to be purchased first. Unlike some brands, when the pre-announced stock is sold there will be no re-runs of production, therefore cementing the exclusivity of our brand for our clients who have invested in our creations. The value and authenticity of our limited edition creations will be cemented through the latest technology in the world of blockchain and unique product DNA security tagging. The Segrwyd fashion label will only have one season, there will be no choice of colour or design, in fact buyers will be expected to reserve their Segrwyd collection without even knowing what their chosen item will look like, until the official pre-set launch date. The idea is to create an air of mystery and an element of surprise for our clients and most importantly we are taking a stance against the world of ‘fast fashion by limiting choice and range. For clients who have everything this will be something very different,” said Owen Knox the founder of Welsh brand Segrwyd. If a client wishes to sell their investment in the future, Segrwyd will arrange for the creation and associated NFT to be auctioned, therefore further assuring authenticity to a new buyer, by matching the DNA code of the item with our blockchain records. With potential clients already showing an early interest, Segrwyd have created a waiting list for those who want to receive a newsletter and be amongst the first to know when this exciting new British fashion label will launch the countdown to our first season please click here
The music industry is equally set to be transformed by the blockchain and smart contracts. Welsh company Segrwyd is already underway with plans and ambitions to create a new type of music label and studio, which is empowered by the blockchain smart contracts and tokenisation. Segrwyd is also working on the creation of a peoples music chart within the metaverse called ‘soundcheck12’ where anyone can upload their music and be judged on their voice and talent and not their appearance, there will be no real life pictures or videos, just an avatar at most.
Blockchain has the ability to unite artists and fans and reduce the need for the middle persons and transform the legal rights and royalties process by making sure that musicians, artists, writers, publishers receive everything that they have rightfully earned. The distributed Ledger of blockchain will transform the music industry and in the future all artists will be given a unique ID for their work just like crypto coins such as bitcoin and take away the concerns of piracy for the artist and the consumer. A growing number of well known artist have already successfully released their works as an NFT including, Kings of Leon, Deadmau5, Grimes 3Lau and Snoop Dog” said Owen Knox of British company Segrwyd. ”NFT’s can take many forms, including ticket sales for concerts and festivals, limited edition early releases, unreleased song previews, artwork and much much more. As music NFT continues to grow, the potential uses of the technology is only limited by our minds.” To join our newsletter or to be considered as an artist for our new label ‘Segrwyd Studios‘, please click here