3 Very Bullish Aptos Competitors: Klaytn (KLAY), BudBlock (BLUNT) and Synthetix (SNX)
Hyped as the ultimate Ethereum challenger, Aptos has struggled to live up to expectations. As a layer-1 proof of stake blockchain, it was expected to do everything Ethereum (ETH) could do but cheaper and faster. However, the project was missed in stunning fashion and now faces stiff competition from Klaytn (KLAY), BudBlockz (BLUNT) and Synthetix (SNX).
One of the biggest misses that aroused serious concerns was Aptos’s inability to meet the promised 100,000 transactions per second throughput. Instead, the crypto token started trading while processing four transactions a second. Additionally, the project has come under pressure amid reports that most of its tokens were distributed to insiders.
BudBlockz Cannabis e-Commerce
Aptos woes have only shed more light on other high-flying projects with tremendous growth prospects. BudBlockz is one such project that stands out from the pack in moving to revolutionize the multibillion blockchain space. Moreover, establishing the first-of-its-kind decentralized online e-commerce platform targeting cannabis enthusiasts affirms the project’s long-term prospects.
The decentralized platform is to make it easy for people to buy and sell cannabis products. Additionally, it is to provide a safe environment where cannabis enthusiasts are to interact while enabling private, secure and efficient cannabis transactions.
In addition, BudBlockz has expanded its footprint into the non-fungible token space. It has since launched Ganja Guruz, a set of premium NFTs that will accord holders a string of benefits. For starters, Ganja Guruz holders can enjoy access to cannabis stores and discounts in BudBlock stores. Additionally, they are to enjoy fractional ownership of cannabis dispensaries and farms.
BLUNT is the token to power the BudBlockz ecosystem, thus enabling the buying and selling cannabis products and NFTs. The total number of BLUNT that will ever be in distribution is capped at 420M. Additionally, BudBlockz is to allow the staking of the BLUNT token through which holders can earn some passive income from fees generated in the ecosystem.
Klaytn Enhancing Blockchain Adoption
Klaytn is another project giving Aptos a run for its money in the highly competitive blockchain space. The open-source blockchain project provides an easy way for people to build and play in the metaverse. Despite the little name recognition, the project boasts backing from Kakapo, one of the South Korean internet giants.
Its primary goal is to enable mass blockchain adoption by developing flexible, value-driven end-user services. Its network architecture makes it easy for businesses to customize and operate services on a blockchain-built network. Consequently, it has attracted top gaming and metaverse projects to its blockchain.
It has also inked a strategic partnership with Chainlink’s (LINK) decentralized oracle network. The partnership will allow Klaytn to build blockchain-powered applications able to interface with offline enterprise infrastructure.
Synthetix DeFi Protocol
Synthetix is another blockchain project that stands a fair chance compared to Aptos. It operates as a decentralized finance protocol built on the Ethereum (ETH) blockchain. Its primary goal is to offer automated banking features while leveraging smart contracts. It also leverages synthetic assets that can be traded or held on the blockchain while representing real-world assets.
The derived digital assets held on the Synthetix network mimic real work assets. Currently, four types of asset classes can be traded. They include crypto, forex, equities and commodities. The digital assets or the synths eliminate the need for asset conversion.
Synthetix’s edge stems from its ability to bring non-blockchain assets to the crypto ecosystem. Therefore, it is a more reliable project for enabling a more financial market that is not only decentralized but also secure.
Bottom Line
Aptos is under immense pressure more than ever as it looks to take on Ethereum in developing smart contracts and decentralized applications. In contrast, BudBlockz is flying high as it seeks to revolutionize the multibillion cannabis industry. Klaytn also boasts of tremendous growth prospects for enhancing blockchain adoption in the mainstream sector. On the other hand, Synthetix boasts of solid growth metrics on moving to create a more mature financial market.
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