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Singapore, June 07, 2022 (GLOBE NEWSWIRE) — NFT watchmaker Chronoface recently announced plans to launch NFT sales in the second half of 2022. Leveraging Non-Fungible Token (NFT) technology, Chronoface offers a connected collection in limited edition in the face of the rapid growth of the connected watch market.
Demand for the smartwatch market is being fueled by soaring watch prices, where high-end watch prices have reached an average growth rate of over 40%. The huge price increase is caused by a few factors such as unfair packages at authorized dealers, long waiting lists, gray market dealerships and also the effect of the Covid-19 pandemic, where money unspent is spent on luxury assets like luxury watches.
Chronoface aims to solve the above problems by creating exclusive digital watches for the masses with luxury designs comparable to the physical watch market, if not better.
Key to their product is the idea of non-fungibility or digital scarcity. Transactions for these watches can be done online easily and the prices are transparent which also gives them a real appraisal. The team has created a large collection of face models and also works with brands and artists to produce different collections to serve different markets.
Chronoface NFT holders will have access to their mobile app on Android and IOS devices, where they can pair their NFT faces to almost any smartwatch. Each watch face is unique and no other user can own the same.
Chronoface also mentioned in its development plans to provide a marketplace for NFT smartwatch users to buy, sell and trade content anywhere in the world. Their NFT can also be used in the future Metaverse, where users can wear the Watches in their avatars and explore the Chronoface showcase in the Metaverse.
Company Name: Chronoface limited Contact Person Name: Jason Tan BVI Website: chronoface.com Email: Media (at) chronoface.com