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Chronoly Luxury Watch NFT
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. As an asset class, luxury watches are notoriously illiquid, but
Chronoly aims to democratise the market by breaking down barriers to entry.
Chronoly aims to add 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 the most popular brand associated with the Chronoly Luxury
Watch NFT - Anime. This collection of 10,000 avatars was first published in
January, 2022. Designed by a group of Los Angeles artists, each of 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 an asset-backed portfolio that offers investors a
chance to invest in a real luxury watch. Each Chronoly watch is authenticated,
insured, and held in secure depositary vaults around the world. These watches are
then broken up into fractions and traded on the Chronoly secondary market. The
Chronoly ecosystem will also offer third-party NFT marketplaces based on the
Ethereum blockchain.
The price of Ethereum is expected to skyrocket if it reaches its target. In the
meantime, investors can take advantage of the increased liquidity provided by the
NFTs. The Chronoly Luxury Watch NFT is an asset-backed portfolio that offers
fractional investment in luxury watches. While the value of watches has increased
by over 30% so far this year, there is still a lack of 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 earn passive income from selling them. With the help 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 is currently trading
at around $0.06 per token and is predicted to reach $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 generated much enthusiasm in the crypto community. A new project
has been launched with the same purpose, and the Multi-Chain Oracle is signaling
some exciting possibilities.
Auctions
The craze 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, but the watch didn't sell, so the auction was extended. The high price s
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 increase its exposure.
One of the first watches to be secured with NFT is a Hublot Bigger Bang All Black
Tourbillon Chronograph, which has been in Jean-Claude Biver's collection for more
than 25 years. The watch has become a part 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.