There has been no reprieve from the deep sell-off in the cryptocurrency sector. Bitcoin and Ethereum, among other coins, remain under pressure as investors continue to shun the industry. Nevertheless, cryptocurrencies’ popularity remains intact.
The focus is increasingly shifting to coins that continue to outperform the overall sector amid the current bear run. Algorand, BudBlockz and Chiliz are some of the coins growing in popularity due to their proven utility and focus on addressing real-world issues.
BudBlockz Competitive Edge
BudBlockz stands out as it moves to address a real issue that has crippled growth in the multi-billion cannabis sector. For a long time, people have struggled to access high-quality cannabis products. The crypto cannabis project seeks to change all this by bridging the gap between the two multibillion-dollar industries of marijuana and crypto.
Consequently, BudBlockz has unveiled a decentralized e-commerce platform that will enhance access to the cannabis market. Powered by its native BLUNT token, the platform will allow people to access cannabis products while offering opportunities to invest in cannabis farms and dispensaries.
Designed to connect cannabis entrepreneurs and enterprises in the global market, the platform is poised to be a great hit and is consequently making waves. Built on the Ethereum network, the platform is compatible with all leading digital wallets.
BudBlockz is also attracting attention by introducing a limited series of non-fungible tokens called Ganja Guruz, which offer a range of benefits. Purchasing and owning the NFTs will entitle holders to fractional ownership of cannabis farms and dispensaries. Holders also stand to enjoy membership access to cannabis dispensaries.
Chiliz Multi-Industry Opportunity
Chiliz is also making waves in moving to enhance engagement levels in the sports media and entertainment industry. The blockchain-powered platform allows sports teams to target and engage with a larger audience while providing opportunities to monetize engagement levels.
Chiliz has developed Socios.com, a sports fan engagement platform where fans can buy fan tokens from their leading teams. CHZ is the native token that powers the Chiliz ecosystem while offering multiple transactional purposes like staking and liquidity management. Chiliz has also unveiled Chain 2.0, a highly scalable decentralized blockchain that differs from NFT trading, play-to-earn games, decentralized applications and DeFi products.
Algorand continues to improve accessibility
Algorand is also making big waves as a blockchain project focused on blockchain adoption and accessibility. It also doubles up as a highly scalable blockchain network for building decentralized applications and swapping cryptocurrency tokens.
The future looks bright for Algorand as it continues enhancing interoperability for various blockchains. It allows developers to develop decentralized applications that work across multiple blockchains.
Bottom Line
Cryptocurrencies remain under immense pressure after year-long sell-offs. Nevertheless, BudBlockz Chiliz and Algorand are projects that stand out and continue to make waves amid the bear market. The future is bright for the trio, given their proven use cases and utility in addressing real-world issues.
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
