As the owner of a pre-owned luxury watch, you're in possession of an asset that's much more than a timepiece; it’s a potential goldmine in today's booming market. The market for pre-owned luxury watches has witnessed remarkable growth, with the revenue estimated at approximately 2.9 million U.S. dollars in 2023. This makes it an ideal moment to fully grasp the inherent value and promising prospects of your luxury pre-owned watches.
The secondary market for pre-owned luxury watches holds particular significance for collectors. It’s a treasure trove for those in pursuit of rare and unique timepieces. With nearly 95% of luxury watches no longer in production, these watches not only represent a slice of history but also offer exclusivity, adding to their allure and value. This rarity factor acts as a buffer against market volatility, providing a level of stability not often found in more traditional assets. This aspect significantly attracts discerning buyers who are willingly paying premium prices for pre-owned models. Even 54% of Gen Z and younger millennial buyers are investing in pre-owned luxury watches.
Recognizing the potential of the pre-owned market, prestigious luxury watches brands like Richard Mille, Beyer Chronometrie, and more are now viewing it as an opportunity to introduce new clientele to their products and the luxury market at large. To capitalize on this trend, these brands are increasingly adopting blockchain technology and tokenizing their pre-owned watch models to expand their Direct-To-Consumer (DTC) channels and much more.
Despite the numerous advantages asset tokenization offers, many asset owners find themselves restricted by the centralized nature of current asset tokenization platforms. They usually focus on a traditional approach which often impedes brands from forging strong direct-to-consumer connections. Additionally, a significant portion of these platforms do not grant individual asset owners the opportunity to tokenize their assets, thereby limiting their participation in the growing ecosystem of asset tokenization.
In contrast, Aconomy presents a solution by creating a truly decentralized ecosystem for asset tokenization. Aconomy empowers each individual with the autonomy to make independent decisions regarding their assets. It not only enables businesses, and brands but also individual asset owners to bring their own RWA treasures on-chain and enjoy unprecedented benefits of tokenization. This includes the tokenization of unique and valuable assets like pre-owned luxury watches, transforming them into tradable Pi-NFT, and unlocking its latent liquidity by utilizing and re-utilizing on Aconomy Marketplace. This approach democratizes asset tokenization, making it accessible and beneficial for all, and setting a new standard in the asset tokenization space.
Still wondering, what’s more? Here’s everything you need to know, why tokenizing the pre-owned models of your vintage watches with Aconomy could be beneficial for you.
Therefore, tokenizing your pre-owned luxury watches with Aconomy could become your most advantageous move toward being a part of a growing Asset Economy.
In short, tokenizing with Aconomy, an RWA-backed DEX, can enable you to capitalize on your illiquid real-world luxury assets that once had no liquidity in the traditional market. It provides you with immense opportunities to trade, create direct connections, earn royalties, and more that were previously unavailable for the asset owner without intermediaries. So now, it’s your chance to take the decision and access Aconomy Open Testnet to tokenize your pre-owned luxury watches while exploring the numerous trading opportunities it offers.
So, if you also want to capitalize on your pre-owned treasured like pre-owned luxury watches, art, or collectibles, check out Aconomy Marketplace to tokenize and trade your most treasured RWAs on-chain.
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The market for pre-owned luxury watches has experienced significant growth, with its revenue estimated at approximately 2.9 million U.S. dollars in 2023. These watches are more than just timepieces; they represent rare and unique assets, often out of production, adding exclusivity and historical value, making them highly desirable in the booming asset economy.
Tokenizing pre-owned luxury watches on Aconomy allows owners to realize the latent liquidity of their assets. It facilitates rapid transactions for increased liquidity, maximizes profits, and enhances consumer trust. Additionally, tokenization offers unique collateralization opportunities and continuous royalty earnings, transforming these watches into flexible and profitable financial assets.
Aconomy differentiates itself by offering a decentralized ecosystem for asset tokenization. Unlike traditional centralized platforms, Aconomy enables individual asset owners, along with businesses and brands, to tokenize their assets, including pre-owned luxury watches. This democratizes the process, making it accessible for all and allowing owners to independently make decisions regarding their assets.
Yes, by tokenizing pre-owned luxury watches on Aconomy, asset owners can use their tokenized watches as collateral to secure loans. This process provides liquidity and maintains the investment's value, allowing owners to leverage the inherent value of their luxury watches without the traditional hassles.
Tokenizing with Aconomy offers continuous royalty earnings. Each time a tokenized watch, represented as a Pi-NFT, is traded on the Aconomy Marketplace, the original owner receives a percentage of the sale. This creates a recurring revenue stream, capitalizing on the increasing value of luxury watches over time.
Aconomy is a decentralized asset tokenization platform that empowers individuals to seamlessly tokenize and trade their real-world assets on-chain. With a vision to foster a parallel on-chain asset economy, Aconomy enables its users to tokenize real-world assets ranging from vintage watches and luxury art to rare books. As an asset tokenization company, Aconomy is revolutionizing interactions with tangible assets by democratizing on-chain asset ownership through the dematerialization of RWAs. With the focus on enhancing liquidity in real-world asset classes, Aconomy enables the asset validators to stake their validator collateral (if required) in USDT in asset-NFT to not only validate & vouch for the asset's authenticity but also transform them into Pi-NFT (with 1:1 backing & induced liquidity). This transformation opens up a pathway for numerous asset trading opportunities on-chain like selling, auctioning, lending, swapping, and redeeming - all in a secure and transparent manner, which are not often available in the traditional economy.