Uncertainty continues to grip the cryptocurrency sector in the aftermath of the Terra Stablecoin implosion, which the collapse of the FTT token has since eclipsed. However, amid the fear and uncertainty in the industry, professional investors are increasingly switching their attention to promising crypto projects with real-life use cases and applications. BudBlockz and Algorand stand out, given their specific use case amid the digital revolution.
BudBlockz Adoption Prospects
BudBlockz prospects continue to improve by the day as it moves to revolutionize the multibillion cannabis sector. It has already established the first decentralized e-commerce platform that will enable people to access the global cannabis market in a private, secure and decentralized way.
The e-commerce cannabis platform is the first of its kind powered by blockchain technology and designed to make it easy for people to buy and sell an assortment of cannabis products. $BLUNT is the native token that will act as a medium of exchange, allowing people to trade cannabis products
Sponsored
Consequently, $BLUNT will allow users to transact with CBDthe platform’s stores, dispensaries, and farms. Additionally, the token will double up as a governance token according to holders the right it votes on any developments and upgrades of the ecosystem.
The $BLUNT token utility is expected to increase with plans to unveil a Non-Fungible Token (NFT) Marketplace. The marketplace will allow $BLUNT token holders to create, buy, and sell an assortment of NFTs. Additionally, BudBlockz has unveiled Ganja Guruz, its line of NFTs offering numerous benefits.
Ganja Guruz token holders are entitled to membership in all BudBlockz dispensaries worldwide. Additionally, they stand to enjoy discount codes for products available in various stores. There is also the prospect of owning cannabis farms, dispensaries, and manufacturing sites through fractional stakes.
Algorand Stiff Competition
Algorand also stands on its ability to solve a trilemma of issues that have affected many blockchain networks. Moreover, its blockchain is at the heart of enhancing convergence between decentralized and traditional finance, enabling the creation of next-generation applications.
Sponsored
The project is similar to most projects as it can run smart contracts and enable the creation of decentralized applications and cryptos tokens. However, it is also built for scalability and uses a modified proof of stake consensus mechanism for efficient transaction processing. Its blockchain can process about 1,000 transactions per second.
While Algorand has what it takes to be a big success in decentralized finance in 2023, it faces stiff competition. Ethereum, Cardano, and Solana are some projects that Algorand will have to dethrone to become a market leader in its niche market.
In contrast, BudBlockz enjoys a fast market mover advantage as the only decentralized e-commerce project planning to enhance transactions in the cannabis sector. With the cannabis sector expected to be worth $200 billion by 2030, there are tremendous opportunities for growth for BudBlockz.
Bottom Line
BudBlockz will gain the most in 2023, going by the expansion of the cannabis market. The crypto cannabis project is on course to become the number one e-commerce marketplace for marijuana, making it a perfect fit for investors eyeing high investment returns.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
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