Bitcoin & Blockchain is changing the cannabis industry with the Ganja Guruz Collection
Mr. Pratik chadhokar is an Indian currency, cryptocurrency and financial market advisor and analyst with a background in IT and financial market strategist. He specializes in market strategies and technical analysis and has spent over a year as a financial market contributor and observer. He has strong technical analytical skills and is known for his entertaining and informative analysis of the financial markets.
- The collection is built as ERC-721 standard on the Ethereum blockchain.
- 10,000 of these NFTs will be built.
- Each will have a base price of 0.098 Ether.
Ganja Guruz tokens are essential to become verified members of the budblockz community. These video game-inspired NFTs from the 1990s are available on Opensea, which is one of the largest NFT marketplaces in the world.
Most of the tokens pay tribute to cannabis. “Ganja” is probably a Hindi or Urdu word and it means Cannabis. “Guruz” or Gurus means teachers in Hindi.
A token from this collection is required to join the BudBlockz community. The NFTs will give holders access to members only and can also be used as tokens in games to earn or P2E games.
The NFT collection has a long way to go in the NFT market. Here is a quick overview of the performance according to data from NFTGo.
The collection: Ganja Gurz #10 is the most expensive token sold yet, OpenSea data shows. It was sold for just over 22 Ether to TTToker on November 23 last year. Ganja Guruz #290 was sold for 20.74 Ether on November 18th. Ganja Guruz #1 and #417 each sold for 12.5 Ether.
A BudBlockz NFT’s intrinsic value expresses fractional ownership of farms, dispensaries and products. Fractional ownership is the innovative method that BudBlock uses to help the industry grow with the help of enthusiasts. Fractional ownership will give the owner dividends from the growth of the products and stores.
At the time of writing, the market cap is 238 Ether with 216 holders according to NFTGo data. In the last 24 hours, 10 were sold.
According to Data from the NFT market aggregator NFTGo, there are just over 4 million holders in the world today. The market capitalization of this industry is around 10.26 million Ether, which is roughly $17 billion at the time of writing. Trading volume fell by almost 30% (~$84 million) in the last 24 hours.
Earlier today, BudBlocz announced an NFT giveaway for those who purchased NFTs from the collection during the presale. The advance sale was held on February 14.
BudBlockz is the first online store for cannabis
BudBlockz sets up dispensaries in countries and states where the drug is legal. It also supports new businesses entering the industry. People can buy products using the BLUNT token listed on Uniswap. Owners of Ganja Guruz NFTs will be able to purchase BudBlockz products at any of their partner stores in the world. The holders will also be entitled to discounts on products.
The cannabis industry is growing slowly. Almost 30 countries have laws in place that regulate the sale of cannabis for recreational and medical purposes. Given that crypto adoption is growing and weed regulations are either being formulated or relaxed in more places, there is great potential for BudBlockz to grow.
BudBlockz contract address is as follows- 0xe5d4988A644EF97f58583BaC42285090924417D0
Connect on BudBlockz Official Telegram
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