Wednesday, June 19, 2024

Fries DAO raises over $5.4 million to purchase fast food properties

Fries DAO, a new decentralized autonomous organization, has raised more than $5.4 million to purchase fast-food restaurants. The platform considers its project as a decentralized social experiment for the crypto community to build and govern a fast-food franchise empire.

As such, Fries DAO has raised more than $5.4 million. It will utilize FRIES for governance. According to information on its official portal, the project distributed FRIES tokens to participants after forming a treasury. The DAO will negotiate with franchise owners and brands to purchase renowned fast-food stores using the FRIES DAO community treasury. The project wants to bring about a barcoded Fries DAO NFT for users to get free burgers. It wants to make history by doing so.

Fries DAO wants to create NFTs memberships. It is keen to evolve NFT membership cards, with beautiful art and assorted traits. Fries DAO project will include perks with the likes of discounts of free food at its network stores. The official portal reveals that their community members initially wanted to buy a Subway fast-food restaurant.

Over the last couple of months, many DAO strategies have come up. A group became popular when it tried to purchase a rare copy of the US Constitution but failed. Moreover, a DAO wanted to purchase the One Bel Air 105,000-sq foot mega-mansion in Los Angeles. A similar DAO successfully acquired the NFT art collection issued by Ross Ulbricht.

A number of crypto projects and blockchain platforms have successfully launched DAOs during the last 12-months.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular