Place/Date: - July 8th, 2022 at 8:40 pm UTC · 3 min read
The metaverse is coming to a household near you and cryptocurrency investors need to understand the potential for this sector. Facebook rebranded its entire business focusing on the virtual reality world and there will be opportunities for many companies to join in. Last year already saw a strong buzz for Decentraland (MANA) and another opportunity Chronoly (CRNO) project has launched a platform to invest in luxury watches with fractional ownership through NFTs and we could see the likes of Rolex joining Nike and top fashion brands in the metaverse. Chronoly has already gained 600% in its presale and not many investors know about the project or its metaverse plans.
Decentraland (MANA) saw a bit of a pump and dump in its coin after the Facebook news with the bear market bringing the coin back to earth. It is still very early for the Metaverse, and the tech giant’s CEO has said it will take time to monetize. But if the company can take a large portion of its user base to the virtual world, then big sums of money are at stake. Decentraland profited with a big surge in demand for virtual land with the record sale being $150,000.
The metaverse has seen many large corporations making an entry into the metaverse and that could expand when the project becomes more mainstream. Decentraland’s early moves can make it a mainstay. Hollywood has been the latest business to approach the metaverse with movies that are launched in the virtual world. We could, therefore, see cinemas popping up in virtual form or a drive-in Netflix for premiere screenings. Walmart wants to launch its own stores selling its goods in digital form.
Chronoly.io is a unique project that is revolutionizing the crypto and NFT space. The project is launching the world’s first multi-chain marketplace for NFTs that are backed by luxury watches such as Rolex and Audemar Piguet. Chronoly is built on the Ethereum blockchain and also allows smaller investors to own luxury watch-backed NFTs by fractionalising the NFT into smaller shares. Investors will be able to co-own part of a luxury watch like a Rolex from as little as $10.
Chronoly (CRNO) can be a big winner when the metaverse populations expand. The project can add some bling to the virtual universe with luxury watch NFTs adorning the arms of avatars. Watch stores for companies such as Rolex, or virtual jewellers that could utilise the Chronoly (CRNO) trading platform. If the Chronoly (CRNO) platform is minting NFTs for watches then they could also open a door to larger opportunities with partnerships outside of virtual businesses or in metaverse sports stadiums. Not many investors are aware of Chronoly (CRNO) or its metaverse plans.
Before the metaverse takes off in full there are opportunities to earn rewards in CRNO. The project’s coin can be staked for an annual yield, while early investors get free access to the members club. Prize draws can then bring additional gains in cash and watches. The Chronoly (CRNO) trading platform will look like crypto platforms with pricing data and the ability to set price alerts and limit orders. The project is really going to bring watch investing into a new age eliminating all barriers to entry.