Chronoly
The Chronoly Luxury Watch NFT is really a crypto asset that allows holders to trade watches on the Chronoly platform. It aims to supply additional value and liquidity to the community. Being an asset class, luxury watches are notoriously illiquid, but Chronoly aims to democratise the marketplace by breaking down barriers to entry. Chronoly aims to include liquidity to a traditionally illiquid asset class and fractionate and collateralise it while using ethereum blockchain. This allows holders to trade watches NFTs on Chronoly as well as other Ethereum compatible marketplaces.
Anime brand
The Azuki collection is easily the most popular brand linked to the Chronoly Luxury Watch NFT – Anime. This assortment of 10,000 avatars was first published in January, 2022. Designed by a group of Los Angeles artists, all these avatars has its own unique characteristics based on anime-themed drawings. The Azuki collection has already piqued the interest of NFT fans around the world.
Asset-backed portfolio
The Chronoly Luxury Watch NFT is definitely an asset-backed portfolio that offers investors an opportunity to invest in a real luxury watch. Each Chronoly watch is authenticated, insured, and held in secure depositary vaults all over the world. These watches will be broken up into fractions and traded around the Chronoly secondary market. The Chronoly ecosystem will also offer third-party NFT marketplaces based on the Ethereum blockchain.
The cost of Ethereum is anticipated to skyrocket whether it reaches its target. Meanwhile, investors can take advantage of the increased liquidity supplied by the NFTs. The Chronoly Luxury Watch NFT is an asset-backed portfolio that offers fractional purchase of luxury watches. While the worth of watches has increased by over 30% to date this year, there is still deficiencies in trust in crypto NFTs. But that shouldn’t prevent investors from making the right investments.
Multi-chain oracle
The Chronoly project is disrupting the watch industry by allowing users to fractionally purchase and sell their luxury timepieces. With its NFT token, users can own luxury watches and produce passive income from selling them. With the aid of blockchain, Chronoly hopes to revolutionize the $64 billion industry. To get this done, Chronoly has launched a presale where retail and institutional investors have invested in the organization. The Chronoly (CRNO) cryptocurrency is currently trading at around $0.06 per token and it is predicted to reach $1.50 by September 27, 2022.
The CRNO token happens to be inside a presale phase. It’s already risen 100% in the $0.01 price it hit last week. Chronoly’s unique method of tokenizing real assets with NFTs has produced much enthusiasm in the crypto community. A brand new project continues to be launched with the same purpose, and also the Multi-Chain Oracle is signaling some exciting possibilities.
Auctions
The fad for crypto-tokens is spreading towards the watch market, with watches already being probably the most popular digital assets. The first NFT auction occured early this month, but the watch didn’t sell, so the auction was extended. The high prices of other watches at the time show that NFTs are attracting new investors and disrupting traditional auction houses. The Chronoly platform has plans to integrate with different metaverses and games to improve its exposure.
Among the first watches to be secured with NFT is really a Hublot Bigger Bang All Black Tourbillon Chronograph, that has been in Jean-Claude Biver’s collection in excess of Twenty five years. The watch has turned into a part of the Hublot brand’s DNA, and the winning bidder will get the physical watch. When the watch is bought, the winner will own the archetypical Hublot NFT and the first watch NFT in history.