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How It Works
We pair independent restaurants with dynamic local artists and the digital tools they both need to create edible NFTs that reflect their establishments—driving revenue, creating web3 opportunities for up-and-coming artists, creating local communities of support, and delivering consumable kickbacks to investors
Why we’re doing this
We believe local restaurants and artists are the authentic heart and soul of a community. We are invested in supporting these creators because local restaurants deserve revenue, local artists deserve opportunities, and foodie web3 deserves more than corporate chains.
An NFT, or Non-Fungible Token is a unique unit of data on the blockchain that can be sold and traded. NFTs are often associated with digital files such as photos, artwork, or other collectibes. We are creating utility NFTs that are both digital art and a representation of physical perks.
Why are we using NFTs for membership?
We believe NFTs are a great technical fit for supporting the next evolution of memberships. Primarily, they serve as a way to verify ownership both online and in person, making them easy to use and hard to fake. Also, the NFT allows for reselling your loyalty memberships in secondary markets (e.g. if you move cities, someone can buy your hard-earned status); when sold, the smart contracts that drive the NFTs ensure that the restaurateur and artists get some of the proceeds too (they deserver it, right?!).
How do I mint (buy) an NFT?
If you're new to the space, don't worry, we got you covered! Check out our helpful on-boarding guide to better understand NFTs, wallets, and minting: Guide to Buying NFTs
How do I use my NFT?
In order to use your NFT membership at any of our participating restaurants, all you have to do is show your NFT via a valid wallet on your phone (e.g. metamask). Note: the restaurants also have a record of which wallets own NFTs.
How do I sell my NFT?
There may be a number of reasons why you may want to sell your NFT: you move cities, your interests change, or you just want to make some money. The easiest way to sell your NFT is through a secondary marketplace such as opensea.io.
Why Ethereum?
We chose to base our NFTs on the Ethereum blockchain. We believe Ethereum has the largest NFT community and most stable infrastructure to support us moving forward. We also believe the Ethereum development community is working hard to lower fees and improve the ecosystem. (we love our other blockchains too though!)
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