NewYork restaurant states it will only serve NFT holders
The VCR Group, a hospitality company created by businessman Gary Vaynerchuk, has announced the live token sale of Flyfish Club, its newest members-only private dining club in New York.
Members of the seafood restaurant must buy their membership on the blockchain, which is marketed as a Non-Fungible-Token. While the restaurant will not be finished until next year, two types of memberships are already available to purchase in Ether.
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
On the Flyfish Club website, VCR Group responded to the question "Why NFT?" with the following statement:
“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.”
On the official website, it appears that there are two types of memberships available.
For 2.5 ETH or $8,474, members can gain access to the main dining area, outdoor patio, cocktail lounge, and special events.
The second, more expensive tier, Flyfish Omakase, costs 4.25 ETH or $14,400, and includes everything of the above as well as a 14-seat omakase room.
Flyfish Membership NFT members, according to the company's website, can lend their token to non-token owners on a monthly basis or simply resell it. The memberships do not have recurring annual payments.
Customers can pay for meals and beverages in USD, but Ethereum is the only accepted currency to obtain a membership.
Although Flyfish Club asserts to be the first members-only NFT restaurant, it's not the first gastronomic concept to incorporate cryptocurrency into its sales model.
Crypto Street Restaurant, which recently opened in Clearwater, Florida, features crypto-themed wall decor, and accepts cryptocurrency payments.
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