Improving Member Standards: The World's First NFT Restaurant Review

Flyfish Club (FFC) is the world's first private restaurant with NFT members. Membership is purchased in the form of an NFT (Non-Fungible Token) on the blockchain and is owned by NFT holders. Access the FlyFish Restaurant and a variety of food, cultures and social activities. FFC members have limited access to specialty restaurants in designated areas of New York City over 10,000 square feet. Facilities include cocktails, fine cuisine, omakase rooms and outdoor spaces.

The New York City location has not been announced, but the Flyfish Club will serve as a private catering organization with a city-like logo. These NFTs are "and similar to eBay" but for crypto assets.

Flyfish has announced two levels of membership this time around. In other words, with Flyfish (FF) and Flyfish Omakase (FFO) membership, members can walk into the restaurant to enjoy food and many other perks.

The total number of FF members is 2650 NFT and the sale price is 2.5eth / piece.

The law of the lord

Members of the private catering club.

Cocktails, use of restaurants, outdoor venues and participation in private events are first come, first served.

The right to choose the size of special tables (tables of 2 to tables of 8) and the right to invite guests (non-NFT chairs).

All meals are covered at the time of your visit and do not include the NFT fare.

Rent or sell more than just a collection of Ethereum chains.

The second is the Flyfish Omakase NFT collaboration

The total inventory is NFT 385 and the retail price is eth 4.25 / piece.

Capital

Members of the private catering club.

Access to cocktails, restaurants, omakase rooms, outdoor spaces and private events is for the first time on the first floor.

Flyfish omakase members can use the private omakase room (with one person) with all the benefits of flyfish members.

All food and beverage costs are covered at the time of your visit and are not included in the NFT rate.

Rent or sell more than just a collection of Ethereum chains.

NFT was sold on the website, but buyers can still buy it on OpenSea.Flyfish trading volume. time of the announcement.

However, membership only allows access to the 10,000 square foot restaurant, which is not expected to open until 2023, and members will pay for food and drink with more money in the US than crypto. -cash. But the idea of ​​the Genesis team was to turn the membership itself into an asset. When a member rents DTVs to another for a period (license) or sells them for a higher price, they generate negative income in May.

club after

The seafood restaurant concept was developed by the New York-based VCR group. It was co-chaired by serial entrepreneur Gary Vaynerchuk, Empellon Restaurant Group research partner David Rodolitz, CEO, and most recently Culinary Director Josh Capon, who works at Lure Fishbar. . Conor Hanlon Vice President of Operations, formerly of NoHo Hospitality. Investor, serial entrepreneur and New York Times bestselling author Gary Vaynerchuk will lead MUFSO.

NFTs are commonly used as a by-product in the restaurant industry. Most of them are paintings or creations of other specialist artists. In this case, NFT is a member who allows you to enter the restaurant.

Cryptocurrencies have entered important financial markets and VCR Group is not the only restaurant operator looking for opportunities. For example, Cincinnati-based Wings and Rings will get a starting price in Bitcoin this year, and the Starbucks app will join the Bakkt digital wallets, allowing specialist members to use their digital assets to refill their Starbucks card.

What makes NFTs special

NFTs don't just provide “contracts”. Since blockchains are programmable, it is possible for NFTs to extend the quality of their products in real time and deliver useful functionality directly to their hosts. In other words, NFTs can evolve between the digital space and the physical world.

NFTs act like loyalty cards or tickets, granting access to community events, special items, and can be used as a digital key for the Metaverse. In addition, since the blockchain is public, it is also possible to deliver additional products directly to people with specialized NFT. All of this gives NFT insurers more value than members and gives developers the opportunity to create participating communities in their respective genres.

It can be seen that it is not difficult for the developers of BAYC to organize offline parties for NFT holders etc, having NFTs in their wallet would be a boardroom or a must have merchandise on Discord. Additionally, the production team sometimes expands the product ecosystem to release additional products to NFT media.

So, with NFTs, you have become an entrepreneur, club member, business partner, and trust participant. At the same time, the programmability of NFTs supports new industries and new revenue models. For example, NFTs use a new type of contract value. This means that each time a work of art is sold, a portion of the proceeds of the exchange will be returned. for the first author.

Targeted Marketing Can Change Customer Loyalty

The greatest potential of TVNs lies in the target market which can lead to a shift in consumer loyalty. To explain: Most current values ​​are not equal. Businesses benefit more than consumers. Example: An airplane offers customers with Gold and Platinum cards separate lounges or faster journeys than other passengers, but most of the (financial) costs come from the planes. (not for sale and for rent)

NFTs, on the other hand, will allow consumers to gain more experience, not resistance. In other words, if the business is successful, the cost of DTV increases and you can make more money by selling or borrowing. .

This is why this is a business, because consumers are part of the exchange rather than a passive one. When NFTs are completed, suppliers and customers are on the same side of the market and work together to improve the business. Consumers seem to be owners, but they have feelings. It can also affect the stable performance of the business. Consumers don't need the strengths of a reputable business, and we are working together to create a better future.

Going back to the history of the Flyfish NFT, the authors believe that it is also a variation of the traditional organization. When a user's buying or selling behavior is stopped on an unreliable blockchain, discrimination and activism escalates to identify some organizations that use 'personal relationships' as a means to an end. .