The Metaverse has already changed the economy in two ways: first, by introducing new asset classes, and second, by giving an alternative investing instrument via blockchain. All of this points to a bullish market with a moderate to high-risk tolerance. Of course, if you're a crypto investor or just a watcher, then chances are you already know about the Metaverse. What you may not know are the ways in which these three coins, The Sandbox (SAND), Decentraland (MANA), and Chronoly.io, will change it.
Many investors have put their eye on Chronoly.io (CRNO), a new crypto project that is launching the world's first cross-chain NFT marketplace for NFTs that are asset-backed by the real-world versions of the watch. For many high-net-worth investors, the watch market has been one of the most secure assets to invest in for decades, outperforming gold, real estate, and even the Dow Jones over the last 10 years. On the Chronoly.io marketplace, NFTs are minted against real-world watches and these NFTs are then fractionalised allowing smaller investors to buy, sell and invest in these luxury watches, just like trading stocks.
By using blockchain technology all of the watch information such as authenticity, ownership, and purchase history will be found in the metadata of the NFT, this is predicted to revolutionize the pre-owned watch market and reduce the risk of fraud and counterfeiting.
CRNO token holders will be able to stake the $CRNO token for passive income, use it for discounts on fees and enter a free watch lottery every month. The Chronoly.io team is already in talks with some metaverse providers to allow investors to wear their watch in the metaverse. Just imagine wearing a Rolex, Patek Philippe, or Richard Mille in the digital world!
The Chronoly.io native token, CRNO, has sold over 225 million tokens and is priced at $0.066, up 560% from its starting price of $0.01 and the community keeps growing.
Find out more about the Chronoly presale here: Website: https://chronoly.io/ Telegram: https://t.me/Chronolyio
The Sandbox (SAND) announced a Valley of Belonging cooperation with People of Crypto Lab (POC) at the end of May. The Valley of Belonging is the "metaverse's first-ever diversity, equity, and inclusion hub."
POC, in cooperation with The Sandbox (SAND), will onboard businesses to create cultural awareness and education, resulting in metaverse projects and movements. On June 17, a total of 8,430 avatar NFTs will be created, representing an estimated 84.3 percent of the global majority population of people of color and LGBTQ+ people. According to reports about The Sandbox (SAND), the avatars will come in a variety of skin tones, ethnicities, sexual orientations, and gender identities. The Los Angeles LGBT Center will get 100% of the proceeds from the sale of the avatar NFTs thanks to NYX Professional Makeup.
Decentraland (MANA) is a 3D virtual reality platform that is at the cutting edge of Metaverse innovation. It is one of the most recent meta currencies that actively supports the Metaverse. Decentraland was created in 2015 by Esteban Ordano and Ali, but it wasn't until 2017 that the platform as a whole was released. Decentraland is based on the Ethereum blockchain at the moment. As a result, it has its own native ERC-20 token, which is known as MANA. People can buy LAND in the Metaverse with their MANA tokens on this platform. The market cap is $1.9 billion at the moment.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.