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BVDCATs Finds It Hard To Create Demand For Its NFTs

The market bears are in no mood to provide respite to BVDCATs. In the last seven days, the floor price of BVDCATs has shrunk by over 40%, which has scared NFT holders and investors. Currently, a BVDCAT NFT can be purchased at the rate of 3.1 SOL.

BVDCATs is a collection of 10,000 NFTs built on the Solana blockchain. The BVDCAT NFTs were launched by the parent company of the same name, BVDCAT. The NFTs are represented by feline characters who have unique traits like apparel, fur, hair, and accessories. The more traits a character gets, the more valuable it will be.

However, it does not offer any other unique concept to NFT the market that we have not already seen from existing artworks launched by CryptoPunks and Bored Ape. Since there are big names already associated with the PFP (picture for proof or Profile Picture) niche, NFTs of BVDCAT may find it difficult to convince people to buy them. The value of the BVDCATs is largely dependent on demand and investor trust since it does not have any real-world utility.

Chronocatz Becomes A Favorite of Market Bulls

Increasing its footprints in the crypto world, the Chronoly team has begun the public minting of Chronocatz, which is a collection of 7,777 unique NFTs. The project kicked off the public minting of Chronocatz NFTs after a successful closing of phase 1 and phase 2 minting. Earlier, Chronoly stormed the crypto arena with its massive success during the pre-sale of CRNO tokens. Public minting has followed the successful completion of phase 1 (private mint) and phase 2 (whitelist) of Chronocatz. Notably, phase 1 (private mint) of Chronocatz was sold out; during phase 2 (whitelist), over 2300 NFTs were sold.

The NFTs of Chronocatz are represented by cat characters that possess unique and rare traits. The price of these NFTs is directly related to the rarity of Chronocatz. The most important factor behind the rarity of Chronocatz is the luxury timepiece that each cat character wears.

Chronocatz holders automatically get exclusive access to the “Chrono Wealth Club (CWC),” a private members watch club. Members receive invites to exclusive parties and networking events. Other benefits include exclusive access to NFT drops, higher yields on staking, private auctions, and discounts on trading fees. Only the holders of a Chronocatz NFT can join the Chrono Wealth Club.

The investors are also impressed by the fact that real-world physical watches back Chronocatz NFTs. The value of Chronocatz is linked to the price and demand of luxury watches, which have always soared. Chronocatz has successfully grabbed the market attention due to its affiliation with Chronoly, a project that is well-known for providing huge returns to its investors. Launched in May 2022, the price of Chronoly’s CRNO tokens increased by 690% in just a few months. Chronoly is a blockchain-based watch marketplace that allows the trading of luxury timepieces.

For more information about Chronocatz.io

Website: https://chronocatz.io/

Telegram: https://linktr.ee/chronolyio

Twitter: https://twitter.com/Chronolyio