Sieving through for the right opportunity can be challenging in a field with hundreds, if not thousands, of projects. Cryptocurrencies are increasingly ushering in a new wave of investment opportunities as the sector tries to bounce back after a roller-coaster in 2022. Solana (SOL) is one project in the recovery mode as BudBlockz (BLUNT) also offers unique investment opportunities as the latest breakthrough project.
Solana Competition Risk
Solana was one of the hardest-hit projects at the height of the crypto collapse last year. The crypto went down by more than 80%, raising severe concerns about its long-term prospects and potential to usurp Ethereum. Its primary goal is to enable the development of decentralized applications that can be used to power the world of DeFi.
The project has started 2023 on a roll, rallying by more than 200% as the overall sector shows signs of bottoming out. However, while cryptocurrency continues to experience excellent performance on the price front, it faces stiff competition.
Ethereum has always been billed as a worthwhile project for developing decentralized applications and smart contracts. However, even though Solana boasts a higher throughput with its blockchain able to process 50,000 transactions per second, it continues to play second fiddle to Ethereum, which remains the developer-preferred platform.
In comes BudBlockz, a groundbreaking blockchain project that faces minimal competition in its bid to leave a mark in the multi-billion cannabis industry. The project aims to solve a real-world problem by enabling easy, secure, and efficient access to legal cannabis products. It has since launched an innovative decentralized e-commerce platform that is to connect cannabis customers with sellers and farms.
Powered by the BLUNT token, the platform will make it easy for people to buy and sell their favorite high-quality products. By opening up the multi-billion sector, BudBlockz stands to generate significant value and fuel increased demand for the native token, $BLUNT.
In addition to opening up the cannabis sector, BudBlockz is also tapping into the NFT spectacle. It has since launched its line of premium NFTs, Ganja Guruz, with numerous benefits. The NFT will accord holders membership access to various cannabis farms on the BudBlockz ecosystem. Holders also stand to enjoy discounts on different cannabis products.
Fractional Stakes Ownership
Nevertheless, it is the prospect of fractional ownership stakes in various cannabis dispensaries and farms that makes Ganja Guruz NFTs stand out. Consequently, NFTs offer an opportunity to earn passive income through dividends. BudBlockz also plans to launch an NFT marketplace to facilitate the buying and selling of NFTs using the BLUNT token.
BudBlockz has also set sights on the DeFi space with the launch of BudSwap. The platform is to facilitate the lending and borrowing of cryptocurrencies without any intermediaries. It will also make it easy for people to send and receive cryptocurrencies in the ecosystem. Furthermore, BLUNT token holders can lock their tokens in staking pools to enhance liquidity in the platform.
Staking BLUNT should provide an avenue for people to make passive income in the ecosystem. Additionally, BLUNT is to double up as a governance token, allowing holders to participate in key decision-making through voting.
The multi-billion gaming industry is another area of interest that BudBlockz has set its sights on as it continues to enhance its utility. It has since launched BudBlockz Arcade, the first crypto cannabis-themed gaming platform that provides an option to play different retro games. In return, winners stand to earn Blunt tokens.
BudBlockz has the potential to overtake Solana in growth in 2023 as it moves to solve a real-world problem. The unveiling of a decentralized e-commerce platform paves the way for the project to tap into a market poised to be worth $200 billion by 2025.
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