Place/Date: - October 20th, 2022 at 3:41 pm UTC · 3 min read
The recent bearish period in the cryptocurrency market has led to exclusive value NFTs taking over. Some great examples include CryptoPunks, Chronocatz, and Bored Ape Yacht Club.
Chronocatz is a newly-released NFT collection that promises to redefine the NFT space. Known for its excellent decentralized platform, Chronocatz provides a type of exclusivity that is accessible but still rare.
Chronocatz delivers value exclusivity to its community because of its ties to real-world luxurious commodities. People that invest in Chronocatz have the opportunity to fractionally buy, invest, and sell renowned watch brands that are generally seen as inaccessible for just anyone.
With the recent bear market that cryptocurrency faced, NFTs also suffered as well. However, exclusive value NFTs were seen to remain unfazed. For instance, due to the upcoming launch of the Bored Ape metaverse project known as Otherside, the floor price of this NFT increased to 154 ETH, almost crashing the market.
Also, recently, even a CryptoPunk NFT with the rare Ape trait sold for $4.45 million. This shows that even with a bear market, NFTs with exclusive value accessibility hold stronger stability than normal NFTs.
The Chronocatz collection, which contains 7,777 NFTs, also offers value exclusivity to its investors. One way that Chronocatz provides exclusivity is through digital authentication.
Duplication and counterfeiting are widespread problems in the luxury watch market. Chronocatz grants exclusivity by allowing its investors to authenticate their investments through use of blockchain, eliminating the fear of counterfeits.
Also, there is a physical copy of every digitally purchased watch that investors fractionally buy or sell via Chronocatz.
Another form of exclusivity that Chronocatz holds is ownership of luxurious watches from brands like Rolex, Richard Mille, Patek Phillippe, and Audemars Piguet, without these brands losing their value.
Chronocatz investors also get trading fee discounts and entry to private auctions on the Chronoly system. In addition, Chronocatz provides its users with alternative asset creation whether they are traders or investors.
Therefore, unlike most leading value exclusivity NFTs that are still tied to stablecoins like Ethereum, Chronocatz aims to become an alternative store of value that is not directly affected by the high volatility of the cryptocurrency market.
All the advantages offered by Chronocatz are illustrated in how quickly they are being bought. Phase 1 of the private mint was sold out and the second phase whitelist managed to gain 1300 purchases. Right now, the public mint is active and ends in 18 days.
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