Ethereum Token BudBlockz Is Soaring Because Of P Diddy’s $185 Million Cannabis Deal

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If you have been tracking business news channels, you might have heard a word or two about cryptocurrencies and their market rally. These blockchain-based assets have surprised financial analysts as they have drawn the attention of investors globally. BudBlockz is a new cannabis marketplace using a cryptocurrency known as $BLUNT. Interested investors can purchase the $BLUNT token on presale. 

Sean P Diddy Bets Big on Cannabis Dispensaries

With a global market capitalization of around $176.5 billion, the industry is heavily regulated, and the industrial use of cannabis is riddled with structural challenges. However, blockchain innovators have been making strides by leveraging the technology and paving the way for entrepreneurs to legally and securely access the cannabis industry and explore new opportunities. Recently, Sean ‘Diddy’ Combs partnered with Cresco and Columbia Care to purchase marijuana production facilities and dispensaries from three markets. The deal has cost the rapper $185 billion and is estimated to be closed by the end of the first quarter of 2023.

The international community’s interest in the cannabis industry has also sparked interest among blockchain enthusiasts. As more investors look for ways to cash in on the opportunity, cryptocurrencies like BudBlockz, a decentralized e-commerce platform for the cannabis sector, are seeing a sharp surge in price action. As their market capitalization touches new highs, investors get to be a part of a platform that is working to revolutionize a dynamic industry like marijuana.

BudBlockz: Making the Cannabis Industry Accessible to Entrepreneurs Worldwide

BudBlockz is an e-commerce platform that utilizes blockchain technology to connect cannabis enthusiasts and entrepreneurs with the international markets. Built on the Ethereum blockchain network, BudBlockz will bridge the gap between entrepreneurs and corporations by enabling legalized and secure access to the global cannabis markets. Over time, it will help enterprises and individual entrepreneurs grow at scale while tackling business challenges like raising funds, managing data, logistical roadblocks, and seed-to-sale tracking. Its future goals include setting up cannabis farms and dispensaries, promoting the adoption of new products, research, product development, and market access.

Decoding the BLUNT Token and its Uses

It has also rolled out a native token called $BLUNT, built on the ERC-20 standard for facilitating liquidity pool acquisition, earning rewards, voting, and staking, among other transactional uses. They will be available on presale for the benefit of interested buyers. With a fixed supply of 420,000,000 units, the token is deflationary. Under a deflationary model, tokens are burnt regularly to limit their supply. 

The team has decided that wallets reserved for founders and partners will be locked for a year. Meanwhile, the vesting period for the tokens allocated for marketing campaigns would be 90 days.

How Does BudBlockz Help Investors Boost their Revenues?

BudBlockz will launch a limited-edition non-fungible tokens (NFTs) series called the ‘Ganja Guruz’ collection based on the ERC-721 protocol. By purchasing an NFT, users can access a wide array of benefits, including access to BudBlockz’s cannabis farms and dispensaries as fractional owners. To become a fractional owner, NFT owners must fill up a KYC application. As fractional owners, users will be able to enjoy all benefits that are associated with a regular investment. For instance, they can sit back and earn dividends on their digital holdings while BudBlockz handles the maintenance of these facilities.

If you are interested in arcade games, the platform’s ‘BudBlockz Arcade’ feature is a play-to-earn game inspired by the cannabis industry and cryptocurrency games. Playing the games is a brush with nostalgia as these games are based on famous games from 1998, like the Sega Genesis games. Users can use their Ganja Guruz NFT as a digital avatar for these games. Plus, if they win, they can also earn attractive rewards. 

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


Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 


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