On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Although the restaurant won’t officially open its doors until 2023, two types of membership are already on sale in Ether.
VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, sold as a nonfungible token (NFT).
Flyfish Club (FFC) is the world's first member's only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT) and owned by the token-holder to gain access to our restaurant and various culinary, cultural and social experiences.
— Flyfish Club (@Flyfishclub) January 12, 2022
VCR Group answered the question “Why NFT?” on the Flyfish Club website, stating:
“By utilizing NFT's, FFC is able to create a loyal, member-community that we can provide special experiences for. NFT's create new modernistic financial models, which will allow FFC to deliver an exceptional and sustainable product for years to come.”
There appear to be two types of memberships available on the official website. The regular tier alleges to give members access to the main dining room, outdoor space and cocktail lounge, and special events for 2.5 Ether (ETH), or $8,474 at time of writing. The second, pricier tier — Flyfish Omakase — will grant access to all of the above plus a 14-seat omakase room and is now available for 4.25 ETH or $14,400.
According to its website, Flyfish Membership NFT holders can lease their token to non–tokenholders on a monthly basis, or they can resell it. There are also no reoccurring annual fees. And despite cryptocurrency being required to acquire membership, customers can pay for their food and beverages in U.S. dollars.
Flyfish Club is the second concept from VCR Group, following the opening of the omakase-style Japanese restaurant Ito, which is also in New York City but not members-only. Flyfish Club plans to open in early 2023.
Related: YouTuber trades Tesla Roadster for NFT
Flyfish Club claims to be the first members-only NFT restaurant; however, it is not the first culinary concept to integrate crypto into its business model. More recently, Crypto Street Restaurant opened up in Clearwater, Florida, boasting crypto-themed wall art, menu items and the acceptance of crypto payments.
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