Uncertainty still grips the cryptocurrency sector in the wake of the internal crash of Terra Stablecoin, which the FTT coin crash has since fizzled out. However, amid the fear and uncertainty in the industry, professional investors are increasingly turning their attention to promising crypto projects with real-world use cases and applications. BudBlockz and Algorand have both stood out, due to their use case amidst the digital revolution.
BudBlockz Adoption Prospects
BudBlockz’s prospects continue to improve by the day as they move to revolutionize the billions cannabis sector. It has already created the first decentralized e-commerce platform that will enable people to access the global cannabis market in a private, secure and decentralized way.
The cannabis e-commerce platform is the first of its kind powered by blockchain technology and is designed to facilitate the buying and selling of a variety of cannabis products. $BLUNT is the original token that will act as a medium of exchange, allowing people to trade cannabis products
Thus, $BLUNT will allow users to transact with CBD, platform stores, dispensaries, and farms. In addition, the token will double as a governance token according to which the holders have the right to vote on any developments and upgrades of the ecosystem.
The interest of the $BLUNT token is expected to increase with plans to unveil a non-fungible token (NFT) market. The marketplace will allow BLUNT token holders to create, buy and sell a variety of NFTs. In addition, BudBlockz unveiled Ganja Guruz, a set of NFTs that offer several benefits.
Ganja Guruz token holders are entitled to membership in all BudBlockz dispensaries worldwide. In addition, they can enjoy discount codes for products available in different stores. There is also the possibility of owning cannabis farms, dispensaries and manufacturing sites through partial stakes.
Algorand Stiff Competition
Algorand also stands out for its ability to solve a trio of problems that have affected many blockchain networks. Moreover, its blockchain is at the core of promoting convergence between decentralized and traditional finance, enabling the creation of next generation applications.
The project is similar to most projects in that it can run smart contracts and enable the creation of decentralized applications and crypto tokens. However, it is also designed for scalability and uses a modified Proof of Stake consensus mechanism in order to process transactions efficiently. The blockchain can process about 1,000 transactions per second.
While Algorand has what it takes to be a decentralized finance big hit in 2023, it faces stiff competition. Ethereum, Cardano, and Solana are some of the projects that Algorand will have to offload in order to become market leaders in its niche market.
In contrast, BudBlockz has the advantage of a fast market mover as the only decentralized e-commerce project that plans to boost transactions in the cannabis sector. With the cannabis sector expected to be worth $200 billion by 2030, there are huge opportunities for growth for BudBlockz.
BudBlockz will earn the most in 2023, by expanding into the cannabis market. The crypto cannabis project is on its way to becoming the number one e-commerce marketplace for marijuana, making it a perfect fit for investors looking for high investment returns.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Pre-sale registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz