CryptoPunks are one of the most famous NFT projects and arguably – along with Bored Ape Yacht Club, CryptoKitties, and Beeple’s Everydays – the collection that began the NFT craze in 2021.
In contrast, BudBlockz is a still-emerging ecosystem for cannabis enthusiasts that will soon release a limited collection of 10,000 Ganja Guruz NFTs. Is it feasible that a project yet to be launched could compete with one of the best-known NFTs on the market?
Why is CryptoPunks so Popular?
The CryptoPunks NFT collection was released in June 2017 on the Ethereum blockchain. Although it wasn’t the first NFT project, it is one of the oldest and best known. CryptoPunks were initially just given away and, for a couple of years, were traded among a small, passionate community.
That changed in 2021 when NFTs exploded. Within 24 hours, Beeple famously sold his NFT collection for $69 million, and two CryptoPunks went for around $7.5 million each. Since then, thanks to YouTubers and celebrities getting involved, the CryptoPunks collection has remained in the headlines.
CryptoPunks’ value stems from its fame, the fact that it is a limited edition of 10,000, and that it was one of the first NFTs. These are likely to help the project maintain value, but there is always the possibility that its popularity might diminish – especially when the ‘next big thing’ comes along and starts to dominate the media.
One such contender is BudBlockz, which will soon be releasing its collection of 10,000 Ganja Guruz. Like CryptoPunks, these are a unique collection much sought after by its community. However, several factors set BudBlockz’s NFT project apart and might even help the collection become a CryptoPunks competitor.
BudBlockz Has Advantages That Give It The Long-term Edge
The BudBlockz ecosystem supports and benefits from the rapidly growing marijuana sector predicted to be worth US$175 billion by the end of the decade. BudBlockz’s native token BLUNT is currently in presale after selling out its entire private sale allocation a week early. The token is selling fast as cannabis and cryptocurrency enthusiasts learn of its utility and potential.
The platform has an e-commerce marketplace that allows users worldwide to buy, sell, and trade marijuana products, safely and in complete privacy. It will also offer P2E gaming and, soon, Ganja Guruz NFTs inspired by 1990s video games.
Given the popularity of the BudBlockz ecosystem, it seems likely that the NFT collection will sell fast. Unlike CryptoPunks, which had four years of low-level trade among its small community, the Ganja Guruz will be in high demand from the start. It already has an incredibly enthusiastic user base and is limited to just 10,000 unique images. Built on the Ethereum Blockchain and created as ERC-721 standard, they will be easy to trade.
What gives the NFTs a longer-term advantage is their utility. Ganja Guruz owners will receive membership in all BudBlockz dispensaries, get discounts in the store, and several other perks.
One significant advantage is that it also grants access to Fractional Ownership of cannabis farms and dispensaries, meaning investors can gain exposure to this popular market sector regardless of location.
Time will tell if BudBlockz can become more popular than CryptoPunks. But its links with the rapidly expanding cannabis sector, its passionate community, and its high utility combine to make it an inevitable competitor.
Learn More About BudBlockz (BLUNT) At The Links Below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz