Greenheart CBD: Cultivation through the Metaverse
Although many cannabis companies are still experimenting with the Metaverse and Web3 technologies such as NFTs, Greenheart CBD is already using its Decentralized Application (dApp) to provide technology loans to international CBD farmers and help them grow.
Farmers around the world will benefit from the project by cultivating more CBD and contributing to the development of the cannabis industry in the crypto sphere. It won’t be long before real CBD products are available in states where it’s legal. Other cannabis products like flower strains, organic CBD oil cartridges, hemp pre-rolls, and more will be available on the Metaverse as well.
Greenheart draws on its deep domain expertise and years of experience growing CBD from seed to shelf to support CBD communities around the world. But, before we get to where Greenheart CBD is today, let’s examine how the CBD industry got to where it is.
CBD’s Journey in Time — From Legalization to The Decentralized Space
The long-term growth narrative for CBD is maybe even more interesting than that of Cannabis owing to its less turbulent legislative path to national acceptance and what has appeared to be a dramatic decline of CBD stocks over the past two years compared to industry growth predictions over the long run.
CBD derived from hemp that contains 0.3% or less THC is already deemed legal by the federal government, whereas marijuana does not have federal approval and still has many obstacles to overcome. Furthermore, it is estimated that the Global CBD Market will reach USD $47.22 Billion by 2028, an increase of USD 4.9 Billion over 2021, representing an annual growth rate (CAGR) of 21.3%. Such a growth rate is impressive.
It’s no secret that virtual reality is helping businesses grow and expand how they interact with audiences. It is only natural for cannabis business owners to operate in the Metaverse since they can also change their customer service operations through their digital storefronts. The space certainly has the capabilities to change a lot in how the eCommerce sector works.
According to most respondents, the Metaverse and web3 technology are not going anywhere, and embracing them early will be crucial to business growth through promotion, financing, and expanding possibilities.
There is no doubt that using the Metaverse to tell stories is an effective way to produce works of art, although the Metaverse is much more than just that. There are a number of retailers putting stakes in the virtual world, ranging from mass merchants to high-end brands. Victoria’s Secret has registered a trademark for virtual underwear. Walmart is entering the crypto space as well. Nevertheless, drugs took the lead, as with most new technologies.
Whether it’s advertising events or transferring CBD from the company to the customer’s doors using the Ethereum blockchain, the cannabis industry is already connecting to the decentralized web, which could lead to greater opportunities in the future.
According to Forbes, cannabis vendors like Higher Life CBD have opened shops in virtual worlds such as Cryptovoxels and Decentraland. Kandy Girl, a cannabis brand famous for selling THC-infused gummies that ship to all 50 states, recently purchased Decentraland property as a means of promoting and selling NFTs.
Cannabis may benefit from the Metaverse by gaining online brand recognition, something it currently lacks. In addition, brands can gather substantial amounts of data about their customers and use that information to develop new products and services tailored to their needs.
Sure, there is no problem with shopping online. But the experience would be even more enjoyable if you could put on VR goggles, enter the virtual world, and visit a real dispensary. The Metaverse stores aren’t just for those roaming in the metaverse; they also increase a brand’s visibility on the internet at large.
Greenheart CBD — An Important CBD Metaverse Player
It has taken the Greenheart team three years to build a global CBD production model. Greenheart CBD is now developing a virtual reality/augmented (AR/VR) reality Metaverse. Currently, we are building the foundations for our community while attempting to create the big picture. The Greenheart team aims to create a future where CBD tokens can be earned, merchandise can be purchased, and crops can be grown online and via smartphone.
Hopefully, our community will continue to enjoy unique and new experiences, including gamifying stake pools and bringing them into our Metaverse using AR/VR, so they can tour real-life Greenheart CBD farms and see live feeds of how we farm and produce CBD.