The metaverse has been a hot sector in cryptocurrency with investors rushing to get in early to the world of digital land and assets. Two projects that look set to dominate in that niche are Decentraland (MANA) and Chronoly (CRNO). Decentraland already saw a gold rush for its digital universe last year with land trading hands for record prices in late 2021. Chronoly is a new crypto project and is likely to be a star of the future in its own right as the project targets the niche area of co-ownership in luxury watches.
Decentraland (MANA) is Well Positioned for Further Property Booms
The Decentraland (MANA) project has been hit by the recent cryptocurrency bear market which caused a drop in the coin from $5.40 to trade under $0.97 At the time of writing. Decentraland was boosted by the metaverse excitement last year and the record price for a plot of digital land in Decentraland surged to $150,000. Investors can get in a lot cheaper due to location and there is time for further property booms when the metaverse develops. Last year saw many big corporations investing in NFTs and virtual land and entertainment will also play a big part. Decentraland (MANA) recently announced the arrival of a Hollywood film on the platform with ‘Infinity Machine’ produced by Ridley Scott being released on the blockchain.
Chronoly (CRNO) Brings Real Assets into the Metaverse
Chronoly (CRNO) is the world’s first fractional watch investment platform on the Etheruem blockchain, this is an exciting project that will bring real assets into the metaverse in the form of NFTs minted against real and rare watches from top watch brands. When metaverse users roam the virtual universe with their own custom avatar, they will be able to buy clothing and shoes in NFT form. Chronoly is taking it a step further with real assets that will be stored in physical form. Users will be able to wear watches from Rolex or Patek Philippe in the metaverse which will track the price gains in the real-world watch market.
Getting hold of the watches is done through the Chronoly marketplace and the project allows fractional investing so the market will no longer be reserved for the ultra-wealthy. The market will also benefit from verification and more reliable pricing on the blockchain. The metaverse is still in the early stages and so is the Chronoly project so that could be perfect timing for eager investors. Chronoly has recently seen big gains in its CRNO token with a 500% rise in the presale but there is still time to get involved ahead of the next metaverse boom. It is still available for presale buyers until the end of September. Despite this, the initial price of $0.01 has increased to $0.06 as of the time of writing. The hype is growing from day to day, and whales have already started joining the community.
More information about presale here:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.