Non-fungible Tokens (NFTs) are now being considered a sure shot of success and money in the crypto market. Several NFT-based crypto projects have amassed a huge amount of popularity as well as money. However, all that glitters is not gold. Not all NFT projects have been profitable. Some long-standing NFT projects are facing a downfall now. Nonetheless, investors are still interested in them and have a keen eye on the three much-talked NFT-based projects at present – Doodles, Moonbirds, and Chronoly.io (CRNO).
While Moonbirds has been facing tough times and Doodles' sales are getting stagnant, Chronoly.io's growth has been phenomenal. Chronoly.io's (CRNO) has risen by 560% during its pre-sale.
Doodles is one of the most popular NFT projects in the crypto market. It also operates on the demand and supply law like other image-based NFT projects, including CryptoPunks and Moonbirds. Doodle has also promised to supply a limited number of PFP (profile-picture) collections. However, many similar projects have popped up lately, causing a decline in the demand for Doodles.
Doodles is a collection of 10,000 NFTs that are colorful characters. Initially, Doodles featured original art of unique visual traits for the collection. However, the project later followed the approach of other long-standing NFT projects like CryptoPunks, Cool Cats, and Bored Apes. Doodles also randomly mixed and matched these individual traits to create the Doodles collection of 10,000 NFTs.
The PFP collection of Doodles includes the representation of humans, cats, pickles, apes, skeletons, aliens, and more. Besides, similar to other NFT projects, Doodles also has NFTs that come in varying degrees of rarity.
Moonbirds is one of the most popular, successful, and valuable image-based NFT projects. However, the sales of Moonbirds NFTs have dipped drastically in the past few months. Besides, it has been caught up in IP-related debates lately.
Recently, project founder Kevin Rose rescinded the commercial art rights of Moonbirds' buyers over the NFTs they own. This stripping of IP (Intellectual Property) rights, according to buyers, is a breach of trust. Earlier, the Moonbirds had stated that the NFT buyers would enjoy exclusive IP rights over their pixel-art. But the recent announcement by the project founder has shaken the Moonbirds community as now anyone can reuse any of the Moonbirds' images.
The contentious matter has caused a steep drop in Moonbirds' value. The demand for Moonbirds' NFT has also gone down, with many of its collectors selling their NFTs.
Moonbird is a collection of 10,000 NFTs, which are pixel-art owls. As of now, these 10,000 Moonbirds NFTs are being held by 6570 unique owners.
Chronoly.io's (CRNO) has amazed market analysts with its growth rate of 560% during its pre-sale phase. The first-of-its-kind digital marketplace, Chronoly.io, entered the crypto arena in May 2022 with a unique business roadmap.
Chronoly.io is the first digital marketplace that aims to enable people to make a fractional investment in rare collectable watches. The project gives people an opportunity to gain ownership of rare luxury watches that otherwise would cost fortunes. But Chronoly.io allows people to purchase NFTs of luxury watches for as low as $10. People can also buy 100% NFT of any watch to claim full ownership and take physical possession of the watch.
Chronoly.io first buys physical versions of the watches from brands such as Rolex, Patek Philippe, and Richard Mille and then mints their NFTs. Chronoly.io stores procured watches in secured vaults to provide its token, CRNO, with backing from real-world assets, making it a stable and secure investment.
Chronoly.io's rise has been extraordinary. The price of Chronoly.io's (CRNO) has jumped 560% during its pre-sale and is expected to touch 2,500%-5,000% in the next few months. The current price of Chronoly.io's (CRNO) token is $0.066. Analysts are sure that the token price can reach $1.00 soon.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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