The investment landscape in crypto has evolved tenfold since Bitcoin launched in 2009. The industry’s growth, particularly in the last few years, has made crypto investing one of the most lucrative activities for the tech-savvy and the Luddites. Along the way, monikers such as crypto whales became a thing, and the crypto market was soon a mirror reflection of the New York Stock Exchange.
A crypto whale is a prominent player who buys and holds an extensive amount of a specific cryptocurrency. And much like the proverbial animal namesake, the crypto sea catches a cold when they sneeze.
Until recently, crypto whales never strayed from established cryptos such as Bitcoin and Ethereum. However, many crypto whales are having a long look at BudBlockz, and many experts believe the project could be a significant play for prominent investors. Here is a detailed look at BudBlockz and why it attracts so much attention from crypto whales.
What is BudBlockz?
BudBlockz is a decentralized ecosystem on Ethereum’s network that allows users access to the bustling cannabis market. The project was developed to democratize the industry by ensuring fair trade practices between entrepreneurs and cannabis enthusiasts as well as legal, private and secure access to cannabis products for the platform users.
BudBlockz also has plans to aid corporations and entrepreneurs keen on the cannabis market to solve challenges such as data management, fundraising, seed-to-sale tracking, and logistical management. BudBlockz uses $BLUNT as its native token, and it is used for transactions between platform users and cannabis dispensaries. In addition, the platform only operates in areas where cannabis is legally permitted.
The token is built on the ERC-20 standard, making it compatible with Ethereum-friendly wallets. Another interesting facet about $BLUNT is that it is deflationary because the platform regularly burns them to help keep a healthy price rise for the tokens.
Why is BudBlockz fascinating crypto whales?
The world is currently in the centre of a whirl of cannabis legalization, with several countries letting loose the shackles to an industry that is predicted to hit $82.3 billion by 2027. Furthermore, the bustling ecosystem around cannabis, such as new technologies and medical applications, has further eased decision-making for policymakers.
As the industry slowly warms its way into the hearts of many, there is still a need for privacy among cannabis users. BudBlockz effectively becomes a bridge between users and cannabis e-commerce businesses and dispensaries.
In addition, BudBlockz’s approach toward the NFT market has been hailed by several crypto analysts. Its limited NFT series, the Ganja Guruz collection, offers an exciting blend of digital works built on the ERC-721 protocol, which offers myriad benefits. For example, on top of secure access to cannabis farms and dispensaries, users can also become fractional owners of these facilities after completing a KYC (Know Your Customer) process. The formality ensures various legal and regulatory guidelines are met.
BudBlockz is expected to blow up in 2023 due to its market position and potential. The project is at the crossroads of a burgeoning cannabis market and a bearish market pushing investors to look at promising projects. And as the prices of big tokens continue to plummet, BudBlockz increasingly looks like the most lucrative project in 2023.
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Purchase or 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