The cannabis industry, cryptocurrencies and NFT markets all feel as closely linked as they have emerged in recent years. The industry has its own cryptocurrency, PotCoin, with groups flooding NFT spaces with everything from digital bons to Bored Ape Yacht Club’s cannabis seed-based artwork collection.
The growing adoption of both cryptocurrencies and NFTs within the industry Broader concerns We are faced with the ecological implications of managing these digital assets, especially security, consumer protection, and digital structures. Especially considering how frivolous most of what is offered.
One brand in the cannabis sector that is trying to do something good with these markets 40 tonsThe black women-owned cannabis brand focuses on social justice, raises awareness of those imprisoned for non-violent marijuana charges, and continues to be non-criminalized.
Forty tons donate a portion of their sales from branded apparel and cannabis products. Some of its apparel lines feature specific prisoners to raise awareness and turn to thousands of people who are still offering time.
The company brought that mission to the blockchain and released two NFT drops in connection with its piercing presence at the MJ Unleashed conference at the end of last year. In the collection, “40 ton flip of pot coinBy selling and reselling, NFT will divert royalties to a separate digital wallet set aside for prisoners. The second collection is 3D rendering of Prison cell The MJ Unleashed booth will feature 40 tonnes and will also collect royalties for prisoners and the company’s ongoing social justice initiative.
Even if the controversial digital market is mobilized for good reason, Web3 publishers continue to preach the gospel rather than work to make it widely viable, so action is urgently needed. The wave of problems cannot be completely canceled. However, at least 40 tons have placed blockchains for use in a concrete way for underrated people. It’s worth celebrating.