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The market for non-fungible tokens (NFTs) has attracted many celebrity investors keen to make a profit and build a portfolio. Celebrities such as Madonna, Justin Bieber, and Snoop Dogg have been investors of Bored Ape Yacht Club NFTs. Shaquille O' Neill, Paris Hilton, and Mark Cuban are other names that have shown their support for the blockchain art collectibles.
Chronocatz is a new collection from the team at Chronoly (CRNO) which recently launched an NFT marketplace for luxury watch brands. These could appeal to celebrity investors due to the high-fashion traits of each NFT character . Each character is wearing a unique luxury watch determining their rarity. Other benefits include exclusive member perks only available in the Chrono Wealth Club (CWC).
The celebrities mentioned above have been keen collectors and have been willing to part with big sums to take ownership of rare NFTs. Snoop Dogg sold a BAYC collectible for $1.7 million, while Justin Bieber bought one for $1.3 million. The craze for the blockchain art market doesn't seem to be going anywhere and, although NFT sales volumes have plummeted from last year's highs, there is still healthy investment going on in the market for the right pieces.
The investment for top collections such as CryptoPunks and BAYC has not dried up and the NFTs have been able to hold a strong floor price. Professional investors have also been big supporters of the studios that launch the tokens, with Yuga Labs, who launched the BAYC characters seeing big valuations for its business.
Chronocatz is a unique project because it bridges the worlds of traditional assets with the blockchain. The collection of 7,777 NFTs was released by the Chronoly project which is bringing luxury watch investing to decentralized technology. Chronocatz NFTs each have unique traits in the form of hats and accessories, with the key rarity being the luxury timepiece each Cat is wearing. These real-world assets provide a tier of 1-6 and all holders get access to the CWC private members club.
While traditional watch investors will love the decentralized marketplace for watches, other benefits of owning a Chronocatz NFT includes rewards such as extra staking yields and access to exclusive drops and auctions. Celebrity investors likely have experience in luxury watch investing and can take advantage of the 24-7 platform to collateralize their current holdings or build a new portfolio.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
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