Digital assets like cryptocurrencies and non-fungible tokens (NFTs) have taken the world by offering people a unique mechanism to leverage the potential of blockchain technology. Though NFTs are also built on distributed ledger technology like cryptocurrencies, one basic difference between the asset categories is that NFTs are not interchangeable. They are designed as collectibles in the form of digital art, music, videos, and even in-game purchases.
Given the deluge of cryptocurrencies and NFTs in the market, it’s natural to be confused, but this article will discuss two promising projects. BudBlockz (BLUNT) and Maker (MKR) are two projects with unique utilities.
BudBlockz: Fuelling Business Growth with Blockchain
BudBlockz is an Ethereum-compatible platform for facilitating access to the global cannabis industry for traders and corporations. BudBlockz aims to drive an industry-wide revolution by facilitating legal access to the cannabis industry and helping entrepreneurs and companies to scale globally.
The platform’s native token is $BLUNT, used for various transactional purposes like staking, liquidity pool management, funding marketing campaigns, buying NFTs, and signing up for petitions. The platform will supply 420,000,000,000 $BLUNT Tokens. Of the total supply, 25.6% will be available on public presale and another 6.4% via private sale.
Over time, BudBlockz aims to help marijuana companies and entrepreneurs to grow while tackling challenges like logistical issues, data management, seed-to-sale tracking, and supply chain management.
The BudBlockz team has also rolled out a limited-series NFT collection called ‘Ganja Guruz,’ which is built on the ERC-721 protocol of the Ethereum blockchain. The NFTs are based on retro video games that will take you back to the games you loved playing in the 1990s. These evergreen video games have inspired the Ganja Guruz NFT collection of digital artworks. Their supply has been capped at 10,000. Apart from helping users collect rare collectibles, these NFTs will also offer buyers the chance to become fractional owners in the cannabis farms and dispensaries that BudBlockz will set up. To become fractional owners in these facilities and earn dividends on their stake, NFT owners must fill up a KYC application and submit it. NFT buyers will also be eligible for special discounts on BudBlockz products.
BudBlockz enjoys a clear advantage over MakerDAO because of its industry-linked use case and its multiple opportunities for passive income. With a dynamic economic model, BudBlockz has the potential to become a leading project in the industry and the DeFi space.
Maker DAO Votes to Hike Dai Rewards
Built on the Ethereum blockchain, Maker DAO is a decentralized platform that offers its users an unbiased cryptocurrency that can offer the advantages of digital money. Its native token is MKR which facilitates all kinds of transactional uses on the network. With the Maker Protocol, users can leverage collateral assets approved by the governance protocol. The platform’s governance structure is based on the decentralized autonomous organizations (DAO) model, wherein MKR Token holders get exclusive voting rights to participate in the daily operations of the platform.
The platform has also rolled out a stablecoin called Dai, which is backed by collaterals and is soft-pegged to the US Dollar. The stablecoin can be stored in crypto wallets or on platforms and is compatible with leading blockchain networks, including Ethereum. In a recent development, Maker DAO users voted favourably to approve a proposal for hiking the rewards for its stablecoin DAI. With the approval, the DAI rewards would increase to 1% from 0.01% earlier. In the last week’s voting process, around 72% voted in favour of the proposed hike in Dai rewards, while 12% voted in favour of leaving the rewards unchanged. The move comes in the wake of the falling yields of DeFi platforms worldwide.
To mint your own BudBlockz Ganja Guruz NFT visit: https://budblockz.io/nfts.
Once on the page click the “Mint Now” button and connect your ERC20-compatible wallet. You will be able to mint your Ganja Guruz NFT for 0.09 ETH.
Purchase or 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
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.