
The Chronoly Luxury Watch NFT is a crypto asset that allows holders to trade watches on 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 market by wearing down barriers to entry. Chronoly aims to include liquidity to a traditionally illiquid asset class and fractionate and collateralise it using the 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. Created by a group of Los Angeles 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 all over 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 are then split up into fractions and traded on the Chronoly secondary market. The Chronoly ecosystem may also offer third-party NFT marketplaces based on 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 provided by the NFTs. The Chronoly Luxury Watch NFT is definitely an asset-backed portfolio that provides fractional purchase of luxury watches. As the value of watches has grown by over 30% so far this season, there is still deficiencies in rely upon crypto NFTs. But that shouldn’t prevent investors from making the best investments.
Multi-chain oracle
The Chronoly project is disrupting the watch industry by allowing users to fractionally purchase and sell their luxury timepieces. Using its NFT token, users can own luxury watches and earn residual income from selling them. With the help of blockchain, Chronoly wishes to revolutionize the $64 billion industry. To do this, Chronoly has launched a presale where retail and institutional investors have committed to the company. 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 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 generated much enthusiasm in the crypto community. A brand new project continues to be 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 first NFT auction was held early this month, however the watch didn’t sell, therefore the auction was extended. Our prime 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 various metaverses and games to improve its exposure.
One of the first watches to be secured with NFT is really a Hublot Bigger Bang An all-black costume Tourbillon Chronograph, that has been in Jean-Claude Biver’s collection for more than 25 years. The watch has turned into a part of the Hublot brand’s DNA, and also 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 ever.