The Chronoly (CRNO) project has launched after seeing strong interest during its presale period.
The Chronoly (CRNO) project has launched after seeing strong interest during its presale period. The project is bringing a decentralized trading platform with NFT sales in watches of luxury watch brands. The project will lower the barrier to entry with fractional investing and traditional watch investors will appreciate the pricing transparency and additional liquidity. Later on in the roadmap, Chronoly aims to be involved in the metaverse. With a rush of luxury brands seeking to enter the NFT space, it is not hard to see where the top watch brands will fit in.
The Sandbox (SAND) is a metaverse-based platform that is seeking to become the “Manhattan” of virtual worlds. The coin rallied in late 2021 after the Facebook rebrand but has since seen its fortunes change. It is still early in the game for metaverse projects and SAND can find another wave of interest later in the market recovery. Chronoly should also be able to keep pace with its own offering in the virtual universe.
The Sandbox (SAND) Has Lost Ground but Investors Need More Time
The Sandbox (SAND) has seen its fortunes change after solid gains last year. The project saw its coin rally above the $5.00 level on the metaverse buzz but has since fallen back to $0.70. The project’s founder said earlier in the year that the project wants to be the “Manhattan” of the metaverse. He also stated that the project will keep building regardless of the price of SAND.
In a recent survey from MLIV Pulse, more than 70% said they knew what the metaverse was but that it won’t change the way they interact with businesses and people over the next two years. Investors will need to see real adoption after the early hype and that will take time to develop. However, The Sandbox can benefit from being an early mover in this space and will build up its universe long before others catch up.
Chronoly (CRNO) Brings Another Metaverse Opportunity
Chronoly (CRNO) has just been launched and will bring new ideas to the metaverse. The project mints NFTs of luxury timepieces in order to trade them on a digital marketplace. This opens up the market to smaller investors due to fractional investing, but the project could also be a gateway for luxury watch brands to enter the metaverse universe. If users are kitting out their avatars with sneakers from Nike, or clothes from Dolce and Gabbana, then Chronoly can allow people to show off their watch collections.
Chronoly keeps its NFTs in secure storage with regular audits so investors will benefit from real-world assets in digital form. There are many more features, such as regular prize draws, an exclusive members club, and the ability to stake the CRNO token for a yield. Early investors can capitalize on these elements and should see some attractive upside in the CRNO token. However, the metaverse could be one of the real reasons why the project outperforms the likes of The Sandbox over the long-term.