Chronoly Luxury Watch NFT
The Chronoly Luxury Watch NFT is a crypto asset that allows holders to trade watches around the Chronoly platform. It aims to provide additional value and liquidity to the community. Being an asset class, luxury watches are notoriously illiquid, but Chronoly aims to democratise the marketplace by wearing down barriers to entry. Chronoly aims to add liquidity to some traditionally illiquid asset class and fractionate and collateralise it using the ethereum blockchain. This enables holders to trade watches NFTs on Chronoly as well as other Ethereum compatible marketplaces.
The Azuki collection is the most popular brand associated with the Chronoly Luxury Watch NFT – Anime. This assortment of 10,000 avatars was initially published in January, 2022. Created by several La artists, all these avatars features its own unique characteristics based on anime-themed drawings. The Azuki collection has already piqued the eye of NFT fans around the world.
The Chronoly Luxury Watch NFT is definitely an asset-backed portfolio that provides investors a chance to purchase a real luxury watch. Each Chronoly watch is authenticated, insured, and held in secure depositary vaults all over the world. These watches are then split up into fractions and traded around the Chronoly secondary market. The Chronoly ecosystem may also offer third-party NFT marketplaces in line with the Ethereum blockchain.
The price of Ethereum is anticipated to skyrocket if it reaches its target. In the meantime, investors can take advantage of the elevated liquidity provided by the NFTs. The Chronoly Luxury Watch NFT is definitely an asset-backed portfolio that provides fractional investment in luxury watches. As the value of watches has grown by over 30% so far this season, there is still a lack of trust in crypto NFTs. But that shouldn’t prevent investors from making the best investments.
The Chronoly project is disrupting the timepiece industry by allowing users to fractionally trade their luxury timepieces. With its NFT token, users can own luxury watches and produce passive income from selling them. With the help 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 is predicted to achieve $1.50 by September 27, 2022.
The CRNO token is currently in a presale phase. It has already risen 100% from the $0.01 price it hit last week. Chronoly’s unique approach to tokenizing real assets with NFTs has produced much enthusiasm within the crypto community. A new project continues to be launched with the same purpose, and also the Multi-Chain Oracle is signaling some exciting possibilities.
The craze 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, therefore the auction was extended. The high prices of other watches at that time reveal that NFTs are attracting new investors and disrupting traditional auction houses. The Chronoly platform has plans to integrate with different metaverses and games to increase its exposure.
One of the first watches to become secured with NFT is a Hublot Bigger Bang An all-black costume Tourbillon Chronograph, that has been in Jean-Claude Biver’s collection in excess of 25 years. The timepiece has turned into a part of the Hublot brand’s DNA, and also the winning bidder will receive the physical watch. When the watch is bought, the winner will own the archetypical Hublot NFT and the first watch NFT ever.