The BTC's Ring Value is Only Revealed When it is Scanned
Laura McQuarrie — June 2, 2015 — Fashion
References: thebtcring & 3ders.org
Although it might not look like much in comparison to a dazzling diamond ring, the true ring value of the BTC Ring is hidden away from plain sight.
The BTC Ring by Seb Neumayer is a 3D-printed creation that can be made from any material, which could either make it quite cost-friendly or extremely expensive to manufacture. Rather than putting money down on expensive gold bands and diamonds, the value of this ring lies in a QR code that links to a Bitcoin Blockchain or a special message, in the same way that words can be engraved on a piece of jewelry.
As well as there being huge sentimental value in creating a 3D-printed ring for a loved one, the BTC ring also causes people to rethink wealth when its value is encrypted.
The BTC Ring by Seb Neumayer is a 3D-printed creation that can be made from any material, which could either make it quite cost-friendly or extremely expensive to manufacture. Rather than putting money down on expensive gold bands and diamonds, the value of this ring lies in a QR code that links to a Bitcoin Blockchain or a special message, in the same way that words can be engraved on a piece of jewelry.
As well as there being huge sentimental value in creating a 3D-printed ring for a loved one, the BTC ring also causes people to rethink wealth when its value is encrypted.
Trend Themes
1. QR Code Jewelry - Jewelry that incorporates QR codes tied to blockchain technology presents opportunities for capturing and displaying more information about the piece and its owner.
2. Cryptocurrency Fashion Accessories - Fashion accessories that promote and integrate cryptocurrency present new market opportunities for established and emerging designers.
3. Open Source Prints - 3D-printed technology has opened up a new design landscape for tech-savvy entrepreneurs who are interested in experimenting with open-source prints.
Industry Implications
1. Jewelry Design - Jewelry designers can capitalize on consumer interest in unique and customizable fashion accessories that integrate blockchain technology and cryptocurrency.
2. 3D Printing - As 3D printing technology becomes more affordable and accessible, opportunities to create unique fashion accessories like the BTC Ring are now available to a wider audience.
3. Cryptocurrency - This BTC Ring highlights the potential for a new market of fashion accessories that promote and integrate cryptocurrency, presenting an innovative opportunity for growth in the cryptocurrency industry.
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