Place/Date: - August 30th, 2022 at 2:55 pm UTC · 4 min read
Collectibles have recently become quite the rage in the crypto world. From Bored Apes to Space Doodles, crypto collectors have found various projects that fulfill their interest in new and unusual collectibles. Users trade these collectibles in the crypto space and have managed to earn good returns by playing games and trading with these NFT assets.
However, of late, crypto enthusiasts have also been on the lookout for crypto collectibles that are good investments in terms of real-world returns.
A blockchain-based watch marketplace called Chronoly.io (CRNO)has recently entered the crypto world to meet this need. Its token, Chronoly.io (CRNO), is still in its presale stage but has already garnered much interest from collectors, making its mark as a strong contender in the crypto collectibles space.
Let’s take a closer look at what Space Doodles, Apecoin (APE), and Chonoly.io (CRNO) have to offer.
A Space Doodle is an NFT that wraps together unique Doodles like aliens, cats, skellys, mascots, and apes. Space Doodles carry a set of on-chain properties called “stats” based on the Doodles that it is composed of. These stats indicate competency parameters like “bladder management” and “piloting ability” that the spacecraft would have in Space.
At any time, a collector can either hold a Doodle or a Space Doodle, but never both. This rule is enforced through smart contracts. Accordingly, a Doodler can choose to have their Doodles wrapped into a Space Doodle that would have unique competencies within their personal spacecraft.
The Space Doodle ecosystem does not have a governance token. Instead, anyone who owns a Doodle gets the right to vote on products, events, and community-driven features in the Space Doodle galaxy.
Space Doodles’ floor is at 10.7 ETH. When it entered the market on 1st March 2022, Space Doodle sales were at 5 ETH and 7 ETH. Once the project gained popularity, OpenSea showed Space Doodles with a floor of 11 ETH.
As of 21st August 2022, the average price of a Space Doodle stands at $15.2k with Space Doodles being sold only 6 times in the preceding week – a sign that not many are fully on-board with the concept of Space Doodles.
ApeCoin (APE) is an ERC-20 token that was created to be the utility and governance token of the APE ecosystem, which is made up of the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC).
ApeCoin (APE) allows holders to participate in the governance of the ecosystem and have a say in the usage of the DAO’s funds – one step further than merely owning NFT collectibles.
As of 21st August 2022, CoinMarketCap reported the price of ApeCoin to be $5.11, which is down by 2.92% since the previous day.
While collecting APE collectibles and owning Apecoins is quite exciting for many investors, Apecoin and the entire APE ecosystem is only limited to the crypto world. If Yuga Labs were to suspend the APE and Apecoin, collectors wouldn’t have any assets to show in the real world, irrespective of how many Apecoins they owned within the ecosystem.
Chronoly.io (CRNO) has stepped in to fulfill this need for a crypto collectible option that would be more tangible in the real world.
Chronoly.io (CRNO) is a blockchain-based watch marketplace where anyone can invest in a fraction of a luxury timepiece from Patek Philippe, Audemars Piguet, Rolex, Richard Mille, and others, for as little as $10. Chronoly.io (CRNO) verifies the authenticity of each watch before creating NFTs of the watch so investors can be completely sure that they are investing in authentic timepieces.
However, the ownership of a fractional Chronoly.io (CRNO) watch NFT is not just limited to owning a token in the crypto space – a Chronoly.io (CRNO) NFT holder actually owns a fraction of the real-world watch in Chronoly.io’s vault. On collecting all NFTs of a watch, the owner of the NFTs becomes the owner of the entire watch and can redeem the asset from Chronoly.io’s vault.
Since Chronoly.io’s launch in May 2022, the project has performed exceptionally well. In just a few weeks, the price of the Chronoly.io (CRNO) token has increased from $0.01 to $0.066.
According to experts, CRNO’s remarkable success is primarily due to Chronoly.io’s unique ecosystem and tangible investment offering in the crypto NFT space. Crypto analysts predict that the Chronoly.io (CRNO) token’s value may increase by up to 1,000% by the end of its presale phase, with the chance of hitting the $0.75 mark even sooner.
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