The Chronoly Luxury Watch NFT is a crypto asset that allows holders to trade watches on the Chronoly platform. It aims to supply additional value and liquidity towards the community. Being an asset class, luxury watches are notoriously illiquid, but Chronoly aims to democratise the market by wearing down barriers to entry. Chronoly aims to add liquidity to a traditionally illiquid asset class and fractionate and collateralise it while using ethereum blockchain. This enables holders to trade watches NFTs on Chronoly as well as other Ethereum compatible marketplaces.
Anime brand
The Azuki collection is the most popular brand associated with the Chronoly Luxury Watch NFT – Anime. This collection of 10,000 avatars was initially published in January, 2022. Created by a group of La artists, each of these avatars features its own unique characteristics according to anime-themed drawings. The Azuki collection has piqued the eye of NFT fans around the world.
Asset-backed portfolio
The Chronoly Luxury Watch NFT is an asset-backed portfolio that provides investors an opportunity to purchase a real luxury watch. Each Chronoly watch is authenticated, insured, and held in secure depositary vaults around the world. These watches will be broken up into fractions and traded on 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 expected to skyrocket if 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 provides fractional purchase of luxury watches. As the worth of watches has grown by over 30% to date this year, there’s still deficiencies in rely upon crypto NFTs. However 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 trade their luxury timepieces. Using its NFT token, users can own luxury watches and produce residual income from selling them. With the aid of blockchain, Chronoly hopes to revolutionize the $64 billion industry. To do this, Chronoly has launched a presale where retail and institutional investors have invested in the company. The Chronoly (CRNO) cryptocurrency happens to be 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% 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 brand new project has been launched with similar purpose, and the Multi-Chain Oracle is signaling some exciting possibilities.
Auctions
The fad for crypto-tokens is spreading to the watch market, with watches already being one of the most popular digital assets. The very first NFT auction occured early this month, however the watch didn’t sell, so 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 intends to integrate with different metaverses and games to increase its exposure.
Among the first watches to become secured with NFT is really a Hublot Bigger Bang An all-black costume Tourbillon Chronograph, that has been in Jean-Claude Biver’s collection in excess of Twenty five years. The timepiece has become a area of the Hublot brand’s DNA, and the winning bidder will receive the physical watch. If the watch is bought, the winner will own the archetypical Hublot NFT and the first watch NFT in history.
