Kettle

This masterpiece from Patek Philippe was just purchased for $96,000, the highest sale recorded on the Kettle marketplace. Authenticated and securely stored at the Kettle Vault in New York, find your dream watch today! app.kettle.fi

Since the debut of the Kettle marketplace just 2 months ago, we have vaulted & sold over 300 luxury watches, resulting in $25m of transaction volume. With Kettle, reselling watches is easier than ever. On average, a watch is traded 4 times on the marketplace before it is redeemed from the vault and worn by its final owner. Say goodbye to the hassle of physically shipping from Point A to Point B: the future of secondary markets has arrived.

Today we introduced Kettle Mystery boxes - an exciting new way to bring more watches to the blockchain. Designed to recreate the magic of opening a pack of basketball cards, each Mystery Box contains an assortment of watches from which a user can pull one random piece. Our Mystery Boxes sold out in 46 seconds. Thank you for supporting our journey to write the next chapter of Web3. As always, job's not finished, but this is one for the books. Visit app.kettle.fi/mystery to check out the drop!

💰 Another $100k volume day! 💰 The community spoke, and we listened. To build a robust secondary market for watch flippers, the inventory needs to consist of high-demand models listed at competitive prices. So that's just what we did. Our team swapped out some rare collector's items with more liquid ones, and replaced brand new pieces that were fetching a premium with older models in mint condition. The result? $100,000 sold, and a secondary market starting to form. One collector even bought 7 watches and already sold one for $4k profit! Sign up and start trading today at app.kettle.fi

On Friday, we debuted Kettle's peer-to-peer luxury watch marketplace, celebrated by our Genesis Drop: the first series of watches directly sourced and fully authenticated by our team of watch experts. Over the course of the opening weekend, the Kettle platform facilitated over $100,000 in luxury watch sales. At Kettle Finance, we are on a mission to bring thousands of watches to the blockchain, with an unprecedented standard of transparency behind our entire process. To our community, we truly cannot thank you enough for your support and conviction in us. Welcome to Season 1.

Over the past several months, we’ve been building a lot behind the scenes. Today, we’re excited to announce the Kettle Vault, securing the luxury watches available for sale on the Kettle marketplace starting next week. Our goal is to empower you to build wealth in watches, or trade with a suite of financial tools including reselling, financing, and Buy Now Pay Later. We’ll keep your assets in the Kettle Vault for you as long as you’d like. https://lnkd.in/eWD-wy9K

With over $1.75m in loan volume in our Beta phase, we are very excited to announce that Kettle has amassed a 100% market share of all luxury asset loans on-chain. Our mission is to bring capital efficiency, transparent price discovery, and democratized opportunity to trade on the full financial value of watches. In just a couple of weeks, we will be expanding to Blast, a Layer 2 blockchain built on top of Ethereum. With nearly $3bn custodied on Blast, the Kettle marketplace will be able to provide watch collectors with ample liquidity, and increased opportunity to trade watches by bringing more real world assets on-chain than the space has ever seen.

The Patek Philippe Nautilus collection was first introduced in 1976. Today, a Patek collector used Kettle to secure a $150,000 loan. Unlock capital without having to sell your luxury watches. Welcome to the modern borrowing experience.

Patek Philippe was founded in 1839 and is the last independent, family-owned Genevan watch manufacturer. Today, these timepieces are utilized as collateral for on-chain RWA lending. This Patek Philippe owner recently secured a $60,000 loan for 60 days at 14.5% APR on Kettle!

The history of Audemars Piguet spans over 145 years, making it one of the most established luxury watch brands... and perfect on-chain collateral. This AP owner recently secured a $35,000 loan for 60 days at 20% APR using Kettle!