Ocean Conservation
NFT Auction

PRESENTED BY

Winch Design, in conjunction with BOAT International and Cloud Yachts have created their first series of NFTs, with all profits split between Oceans Without Borders and Yachts for Science, benefiting ocean conservation.

Boat International will host a three-day “Ocean Talks ” event that kicks off on World Oceans Day (June 8) and culminates in the NFT sale on June 10. Ocean Talks brings together all those who feel a deep connection to the ocean and the need to protect it.

The Collection

MIAB #1 (BOB)

This is a message to the wider world about the importance of ocean conservation. Bio-Observation-Bottle (B.O.B.) is an oceanographic marine research pod, filtering plastic out of the ocean. Its bottle shaped hull symbolises the waste in the water, whilst the spherical interior embodies Earth and the need to protect it.

ARTIST: Winch Design

QUANTITY: 1 of 1

AUCTION BEGINS: June 10, 2022 @ 1PM BST

AUCTION ENDS: August 31, 2022 @ 1PM BST

MIAB #2 (RESEARCH RIG)

A research rig in the ocean where B.O.B or multiple vessels can dock to exchange and share information with other scientists. The station accesses energy through solar panels and surrounding wind turbines, as well as the turbines from the docking B.O.B’s.

ARTIST: Winch Design

QUANTITY: 1 of 1

AUCTION BEGINS: June 10, 2022 @ 1PM BST

AUCTION ENDS: August 31, 2022 @ 1PM BST

MIAB #3 (HALO)

Halo is a residential airship concept with the capability to transport B.O.B all over the world. This concept enables the owner to see the world differently and go where no-one else can go.

ARTIST: Winch Design

QUANTITY: 1 of 1

AUCTION BEGINS: June 10, 2022 @ 1PM BST

AUCTION ENDS: August 31, 2022 @ 1PM BST

The Designers

With a 36-year heritage in superyacht design, the award-winning studio at Winch Design is now creating projects unrestricted by preconceptions, tropes or niches across land, air and sea. Each project is limitlessly creative and entirely bespoke, and the design language is built upon the DNA of the client’s dreams.

Winch has designed and delivered iconic projects all over the globe that are not only timeless but have altered the trajectory of UHNW design in the future.

CHARITies

The Beneficiaries

Oceans Without Borders (OWB) is an Africa Foundation Programme, supporting community based marine conservation in the Zanzibar, Quirimbas and Bazuruto Archipelagos along the East African coast. The Programme is supported by andBeyond, the Ocean Family Foundation, TUSK and EOCA.

OWB is a response to the fact that globally, our oceans are being devastated by human activity and the changing climate, and we have access to impact one of the most biologically diverse regions – to bring together broad expertise, and work intimately with coastal and island communities.

Conservation projects range from tracking movement patterns of critical marine species such as apex predators and sea turtles, monitoring beach erosion and ocean soundscapes to restoring degrading coral reefs. OWB is dedicated to strengthening the conservation status of our island sites, expanding opportunities for local community development, and contributing to global efforts to protect our oceans.

The most significant challenge for marine scientists is access to the sea. There are 11,000+ private yachts above 24 metres, which have spare berths, downtime or dead-legs between personal use or charter that could be deployed to support vital research.

Donated sea vessel time can be worth the equivalent of tens of thousands of pounds per day in marine research. The concept behind this innovative idea is for marine scientists conducting research projects in locations all around the world to be able to make use of spare berths when a yacht is being chartered, or when it would otherwise be lying idle.

Now that the disruptions of the pandemic are receding YFS has had two successful matches and three more planned for later 2022.

What is an NFT?

At the most basic level, a non-fungible token is a one-of-a-kind, verifiable digital asset that can be exchanged between a creator and a buyer. The one-of-a-kind characteristic is important in distinguishing NFTs from other digital assets; one NFT is not interchangeable for another, like a dollar bill or a share of stock, but is unique and has its own value.

What makes an NFT valuable?

The value of an NFT comes from the property it represents, which is generally something that exists in the digital world like an original piece of art or digital memorabilia. The NFT itself doesn’t necessarily contain the digital property, but points to its location on the blockchain. Like a concert ticket or a deed to a physical property, an NFT reflects the value of the thing it represents.

Similiar to physical art, four factors contribute towards the value of an NFT art — how expensive it becomes.

The first is the “market-driven value”, which depends on the speculated resale value and popularity of the artist. The second is the “subjective value”. It involves the moral statement or political message that is conveyed by the art — how it makes you feel.

Another value determinant of NFT arts is the “objective value”. This involves the experience and technical skill by which it was created. Lastly is the “historical value” the piece of digital art has.

All these factors contribute to how people value NFTs. “The Merge” which sold at an auction for a whopping USD 91.8 million is the most expensive artwork ever. Each NFT created or minted is unique, and its right can be traced to the owner, and blockchain technology protects this right of ownership.

It was recorded by DappRadar that in the 3rd quarter of 2021, NFTs sales increased to $10.7 billion, from the $1.3 billion in the second quarter of 2021.

Because lately, a lot of crypto enthusiasts believe that to make money with NFTs, you have to have a lot of money to buy a valued NFT, including a gas fee. This is not entirely a lie because, in the business world, you need money to make more money. The higher your capital, the higher your profit.

In the era of decentralized finance, anyone with as little as $20 can buy a coin or a token that can make him $200,000 in a few months of hodling.

Why would I want to own an NFT? Can I make money on it?

One reason to buy an NFT is for its emotional value, which isn’t so different from physical objects…unless you’re a total utilitarian. No one buys lip gloss because they need it. They buy it for the way it makes them feel. The same can be true for a GIF, image, video, or other digital asset.

The other reason is because you think it’s valuable…and will only increase in value. And yes, you can make money off of an NFT by buying and reselling it for more.

How do you buy an NFT?

The biggest NFT marketplace is OpenSea — which allows anyone to buy or sell NFTs on a variety of blockchains, including the Ethereum, Polygon, and Klaytn networks. You’ll also need a crypto wallet, like Coinbase Wallet, which you’ll use to purchase, store, and sell NFTs. If you have a Coinbase account, you can send crypro to Coinbase Wallet to use on an NFT on a marketplace such as OpenSea.

(Learn more about Coinbase Wallet — which is a different app than the one that provides access to your regular Coinbase account.)

  1. Download Coinbase Wallet to your phone: Coinbase Wallet is available on Apple’s App Store and Google Play.  Once you have Coinbase Wallet, follow the initial setup instructions.

  2. Connect Coinbase Wallet to your Coinbase account. The app will guide you through the simple steps for connecting your existing Coinbase account to Coinbase Wallet. This will let you easily send crypto you buy on Coinbase to your Coinbase Wallet.

  3. Purchase some ETH: After initiating a crypto purchase, select ETH, enter the quantity, and complete the transaction. Keep in mind you must have enough ETH to cover the NFT cost plus gas fees. The ETH will appear in your Coinbase Wallet after the purchase and transfer from your Coinbase account is complete.

Purchase an NFT on OpenSea

Once you have some ETH in your wallet, it’s easy to navigate to OpenSea and buy any NFT that appeals to you. (The screengrabs here are from the iOS version of the app, but the same principles apply to the Android version.)

Note: Coinbase isn’t affiliated with OpenSea. Any transactions you initiate and complete on OpenSea or other platforms are at your own risk.

Open Coinbase Wallet: In the Coinbase Wallet app, tap the App browser icon.

Browser icon for Coinbase Wallet

 

Navigate to OpenSea: Enter ‘www.opensea.io’ in the URL.

Enter URL

Connect your Coinbase Wallet to an NFT on OpenSea: Tap the Menu button followed by ‘Connect Wallet’. Tap ‘Coinbase Wallet’.

Button to connect your Coinbase Wallet for NFT purchase

Navigate to an NFT listing: After your wallet is connected, tap the OpenSea logo to explore NFT listings. Tap the NFT you would like to purchase.

Selecting an NFT in OpenSea

Purchasing an NFT on OpenSea: Tap the Buy now button to purchase at the seller’s listed price (or make an offer using the Make offer button) followed by agreeing to OpenSea’s terms/conditions. Tap the Confirm checkout button.

Buy Now purchase button for NFT

Confirm the NFT purchase: Tap the Pay button.

Pay button to confirm NFT purchase

View the NFT: In the Coinbase Wallet app, tap the Wallet icon followed by the ‘NFTs’ tab. Once your transaction is complete, the NFT will be displayed in your Coinbase Wallet application.

NFTs button on OpenSea