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Just imagine wearing a Rolex, Patek Phillip or Richard Mille in the digital world – that’s just awesome! “The platform enables users to borrow against their holdings and has decentralised functionality enabling users to store the NFTs on their Chronoly wallet or on any third-party ERC-20 compatible wallet.”Īlso, according to its whitepaper Chronoly is planning to make it possible for their NFT holders to display their watch NFT in the metaverse. The platform allows for fractional investing to make the watch market more decentralised. The investment is built on NFTs and the platform has the same traits as other trading platforms such as price alerts and limit orders. Chronoly outperforms BTC and ETH with 560% gainĬhronoly is in the process of building an intuitive and noble marketplace for investment NFTs that are backed by high-end luxury watches. Ethereum’s network can get clogged up with projects being built on top of it and that was also going to be solved by the upgrade.
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The update has been planned to limit the long-standing problems in Ethereum, such as high fees. Ethereum’s problems have stemmed from the fact that its long-awaited Merge update has been delayed.
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