Wrisycle is a decentralised protocol allowing users to digitally store & trade their luxury watches using peer-to-peer web3 markets. Similar to the traditional marketplaces we know today such as eBay or Chrono24, WRISYCLΞ allows manufacturers and watch suppliers to connect directly with with prospective watch buyers. WRISYCLΞ however, creates a channel to bridge the traditional world of commerce with the new evolving world of web3 using smart contracts and cryptocurrencies.
Web3, also known as Web 3.0, can be described as the new and improved version of the existing Internet we know and use today. The differing factor is that it is decentralised and based on peer-to-peer technologies such as public blockchains. Powered by smart contracts, the emphasis is placed on automation and computer code rather than manual operations and human bias.