The Qoomed marketplace connects artists and NFT fans in the CBD industry
“Just a single month in 2021 saw over 1.5 million NFT art sales recorded.”
Despite the current bear market that has hit both stocks and cryptocurrencies hard, NFTs remain a hot topic. In 2021, the non-fungible tokens market was valued at USD 15.54 billion and is expected to grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030. Most cryptocurrency advocates, but also analysts and VC firms, expect it to start taking off again as soon as the next bullrun starts and even reach new highs.
Another exploding sector that continues to emerge and shows great growth potential is CBD. The market was valued at USD 4.9 billion in 2021 and is projected to reach a value of USD 47.22 billion by 2028 at a CAGR of 21.3% by 2028. Cannabidiol products are enjoying increased interest due to the favorable regulations surrounding them in the US and Europe, the potential they have for human and animal health, as well as their approval for the treatment of various diseases such as epilepsy by the FDA (Federal Medicines Administration, see in particular the substance EPIDIOLEX). With ongoing research and new ways to grow CBD products, the market is bound to continue its rapid expansion for the foreseeable future.
Is there a synergy between NFTs, blockchain and the CBD sector, all of which seem to be experiencing impressive growth that shows no signs of slowing down? What benefits can be derived from a potential interaction between these concepts? One project has already made its mission to find out and has achieved a lot in the last couple of years. Enter Qoomed.
The Qoomed Ecosystem
Qoomed is the first ecosystem to integrate blockchain concepts within the CBD sector and unlocks a range of additional opportunities for all stakeholders involved.
The ecosystem consists of three main pillars – the CBD products marketplace, which directly connects buyers, sellers and businesses from the industry, the 420.work NFT platform which gives CBD artists huge exposure to NFT hunters and allows them to easily monetize their talent, as well as the QOOMED token, which is used for payments.
On the Qoomed market, you can choose from a variety of high-quality CBD-based products from reputable companies. If you’re a seller, you can access a variety of tools that will help you utilize the full potential of your inventory and maximize your revenue through various marketing and sales management tools.
The Qoomed marketplace is much more than just a shop for CBD products. The marketplace offers solutions for a range of stakeholders – from farmers, producers and retailers to even pharmaceutical companies and laboratories. Some of these solutions allow companies to send and receive orders with e-commerce tools, track order status with easy-to-use dashboards, streamline communication with messaging features, have advanced analytical dashboards, CRM systems and many other features.
Qoomed has created the first ecosystem that allows dropshippers of CBD products to thrive by providing them with the necessary tools that can allow them to start their business quickly and make it profitable as soon as possible. The project is the pioneer in bridging the gap between CBD and dropshipping, setting a trend that is in its infant stages of development.
The Qoomed marketplace considers itself the largest network of compliant cannabis businesses that are just beginning to unfold their full potential.
The 420.Work NFT marketplace by the Qoomed project is the first NFT platform specialized in CBD and cannabis art. As such, the project team carefully curates the NFTs submitted to the platform and ensures that they adhere to this standard to maintain its high standards of quality content.
The 420.Work NFT platform already offers a number of unique artworks that cannot be found anywhere else. Just like on leading NFT marketplaces, artists can define the royalty percentage and set additional benefits such as unlockable content only visible to the owner of the NFT. The QOOMED BSC token is the main driving force behind the marketplace and is used to pay minting fees as well as to purchase NFTs.
The 420.Work NFT Marketplace makes NFT creation seamless for anyone, regardless of previous experience (or lack thereof) with non-fungible tokens. We tried to create our own, and the process seemed even easier and faster than on traditional platforms such as Opensea or Mintable.
Additionally, since the NFTs are minted on the Binance Smart Chain blockchain, fees are relatively lower than any network based on the Ethereum blockchain, making it generally more cost-effective for artists and sellers.
The blockchain-based marketplace for CBD consumers and businesses, as well as the first NFT platform for the CBD industry, is already live. If you are interested in finding out what products the Qoomed marketplace offers or how it can help you realize the full potential of your CBD business, check it out here.
The 420.work NFT platform is also up, with several artworks by talented NFT artists already listed for sale. Be sure to check it out here.
Disclaimer: This is a paid post and should not be treated as news/advice.
