Would you like fries with that? Fast-food chains are serving up NFTs
Fast-food restaurants across the globe are jumping on the NFT bandwagon with their own digital tokens. The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways.Fast food giants such as McDonald’s, Burger King and Taco Bell are taking to NFTs because of their capacity to enable gamified promotions and distribution of their products and services. Here is a quick look at emerging NFT adoption in the fast-food sector. Taco BellTaco Bell is a popular....
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The concept of leveraging a decentralized autonomous organization (DAO) has become very popular these days, as a myriad of DAO ideas have been created. A new DAO dedicated to purchasing fast-food restaurants called Fries DAO has raised more than $5.4 million to achieve the goal.
Fries DAO Creators Dream of a ‘DAO-Governed Fast-Food Franchise Empire’
Last week, Bitcoin.com News reported on a newly launched DAO that is attempting to purchase the NFL’s Denver Broncos football franchise for $4 billion. Ever since 2016’s Genesis DAO and the subsequent hack....
DAO reps said they want to build on-chain and membership utility around Subway, Domino’s and more. A new proof of concept decentralized autonomous organization, or DAO, called FriesDAO wants to democratize access to the fast food industry. Cointelegraph spoke to FriesDAO advisors Brett Beller and Bill Lee about their mission to be a "part of something that will connect crypto and virtual ownership to real-world assets.”FriesDAO aims to acquire and scale fast food restaurant franchises like Popeye's, Burger King and Taco Bell by inviting FRIES token holders to run a decentralized network of....
Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month. Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion.But despite falling behind in ranks, SHIB's price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38% month-to-date (MTD). As a result, Shiba Inu gained more than 50% MTD against the dollar versus....
Fast food giant McDonald's began accepting Bitcoin payments in El Salvador on Tuesday, at the same time the nation become the first to adopt Bitcoin as legal tender.
Major food brands seem to be indicating that they plan to launch virtual food, drink and restaurant services in the future. A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse and nonfungible tokens (NFTs). Licensed trademark attorney Mike Kondoudis shared in a tweet that Kraft Foods Group had filed a trademark for its iconic hot dog-shaped Weinermobile on Oct. 12. The filing revealed that the brand plans to expand into NFTs, digital tokens, virtual goods, NFT marketplaces, virtual food, drink....