The traditional investors have been slow to invest in digital land while inflation is soaring. Metaverse projects also lack intrinsic value, as it is backed by nothing tangible.
These issues paint a picture of instability for metaverse worlds, making it hard for investors to commit to digital land.
Since Chronoly.io has actual use cases backed by tangible assets, investors are increasingly choosing Chronoly.io over established tokens like Decentraland MANA, which has seen its native token (CRNO) surge 560% even though it's still in the presale phase.
Decentraland is a metaverse project based in Argentina, founded by Ari Meilich and Esteban Ordano. It opened the platform to the public in February 2020, but it has been in development since 2015. Decentraland uses MANA as the native token of the ecosystem.
Despite being one of the trending projects, it's not nearly as user-friendly and has excessive fees compared to its peers. Investors are shying away from digital lands due to lack of underlying assets, unlike projects like Chronoly, which is backed by real assets.
The cryptocurrency market is notoriously volatile, and Dectraland MANA has been no exception. Since May 2022, Decentraland MANA’s price has followed an extremely bearish trend. It has been in a constant flux of highs and lows. At the time of writing this article, the price of MANA is $1.08, which is 81.66% lower than its all time high price of $5.90.
Investors have recently been flocking to safe-haven assets due to inflation and geopolitical events. Luxury watches are an excellent way to protect against inflation, hedge risks in a bear market, and allow anyone to protect their wealth digitally and anonymously.
The Chronoly.io project has been making waves in the cryptocurrency world, showing no signs of slowing down. It offers investors the chance to take a stake in tangible assets like luxury watches and an excellent opportunity to lock up their assets safely during financial pressure.
Ultimately, Chronoly.io enables crypto investors to allocate funds to off-chain collectible assets while remaining on the chain.
Using fractional ownership, anyone can own part of the watch, even for $10. A third-party NFT marketplace like OpenSea or Chronoly's secondary market allows users to trade NFTs 24/7.
In addition to serving as proof of authenticity and ownership, Chronoly’s watch-backed NFTs are also helpful for lending and trading in secondary markets like OpenSea. It can be held as digital collectibles within the Chronoly ecosystem.
The project's NFTs offer several advantages over other assets such as gold or art.
● They do not require maintenance or upkeep, which can be costly over time.
● They are easy to store and transport, due to blockchain technology.
● They allow investors to redeem the physical watch once they acquire 100% of the NFT.
Investors can borrow, trade, and even verify the authenticity of the timepieces.
Holding a tradable digital version of a watch backed by a physical asset allows holders to lend against their assets.
During the validation and issuance of an NFT, the watch's metadata is saved for verification and history. There is no risk of counterfeiting in the preowned market because you can check this openly.
If you're looking for a long-term investment, which is expected to grow 50x by the end of 2022, Chronoly.io is your project.
Chronoly's CRNO price has jumped 560% from $0.01 to $0.066 during the third presale phase, and by September, analysts predict the price will rise by 1,500%. Additionally, 200 million CRNO tokens out of 300 million have already been sold.
For more information about Chronoly.io presale