Press Release

How NFT Watch Maker Chronoface Will Influence The Watch Industry


The emergence of cryptocurrencies, blockchain technology and NFTs essentially heralds the arrival of Web3, promising to transform how businesses conduct and interact with their clients.

The watch industry has been well-known for its resistance to change and slow reaction to outside developments. However, the benefits offered by the technology are so vast and far-reaching that they simply cannot be ignored.

With the demand of smartwatch coupled with skyrocketing watch prices, premium watch prices are achieving a growth rate of more than 40% on average. These tremendous cost increments are caused by variables like unjustifiable package bargains in authorized dealerships, lengthy waiting lists, grey market merchants and the Covid pandemic widespread impact, where unspent monies are spent on extravagant resources and luxury assets like luxury watches.

A key goal of Chronoface is to solve the above problems by creating exclusive digital watches with luxurious designs comparable to the physical watch market, if not superior to that of a physical watch.

Their product revolves around the concept of non-fungibility or digital scarcity. In addition to being easy to purchase online, their prices are transparent which gives a true evaluation of their value. To serve the different markets, the team developed a wide collection of face designs and works with various brands and artists.

The Chronoface NFT application will be available on Android and iOS devices, allowing users to pair their NFT faces with almost any smartwatch. Each watch face is unique and can only be owned by one person.

In their development plans for NFT smartwatch users, Chronoface also suggested a global marketplace NFT smartwatch users to buy, sell, and trade content anywhere in the world. In the future, it is also expected that their NFT will also be used in the metaverse, allowing users to wear their watches and explore Chronoface’s storefront in their avatars.

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