3 Cryptos Gaining Momentum After FTX Bankruptcy: Gnosis, Kusama, BudBlockz

FTX shocked the world when on November 11th, 2022, it filed for U.S. bankruptcy protection.

Launched in 2019, FTX became known as the fastest-growing crypto, peaking in 2021 with over a million users. It also became the third-largest cryptocurrency exchange by volume at that time. That’s why it came as a surprise to most crypto enthusiasts when it failed.

It also failed at a time when the crypto world is in the middle of a crypto winter. Even the world’s largest crypto company, Bitcoin, hasn’t been immune to the frigid conditions. This year alone, Bitcoin peaked at $47,456.95, on March 30th. Unfortunately, it only went downhill from there, and by December 8th, 2022, Bitcoin was down to $16,822.85.

However, the crypto industry is not down and out. Three cryptos are expected to step up this crypto winter and revive the industry in 2023: Gnosis (GNO), Kusama (KSM), and BudBlockz ($BLUNT).

Gnosis Undergoes Merge

For only the second time in history, a chain is swapping its proof-of-authority model for proof-of-stake. The advantage of PoS is that it uses less energy, which is more attractive to environmentally conscious crypto users. The Merge happened on December 8, 2022, after reaching a predetermined Total Terminal Difficulty. The first Merge was with Ethereum, the second largest crypto, in September.

The Merge will make Gnosis, founded in 2015, the chain with the second-most validators (100,000) after Ethereum.

Kusama – Polkadot’s Sister

The importance of Kusama will be felt more in 2023 as more developers dip their toes into crypto. This is not the first crypto winter in blockchain history, so developers will keep pushing their agenda. Kusama provides a space where developers can test their network for the Polkadot ecosystem.

It helps that at the helm of Kusama is Ethereum co-founder Gavin Wood, who developed the developer-friendly chain in 2017.

BudBlockz Offers So Much Potential

Unlike Kusama, which has a concept that’s very much centered on the blockchain industry, BudBlockz has real-life implications. It is the first decentralized online e-commerce for marijuana enthusiasts, who, through the BudBlockz ecosystem, will have access to a global network of cannabis products.

They can purchase cannabis through the system, which ensures security and privacy. More importantly, by joining the BudBlockz community, cannabis enthusiasts will enjoy discounts from cannabis dispensaries and e-commerce stores worldwide—but only in areas where cannabis is legal.

To join the community, one must purchase an NFT from Ganja Guruz. The collection showcases 10,000 unique characters inspired by the 1990s, including the decade’s fashion, animation, and video gaming industry.

The Future of Crypto is Good

While there are worries over high-profile cryptos losing ground this year, the industry’s future is still compelling. Gnosis, Kusama, and BudBlockz look like potential 2023 crypto leaders based on their current position and innovative principles.

Recent revelations also indicate that the FTX collapse is unrelated to the crypto industry as there are underlying fraud implications. It’s safe to say that crypto will continue to shine.

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

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