A Project Called Fries DAO Raises $5.4 Million to Purchase Fast-Food Restaurants

The conception of leveraging a decentralized autonomous enactment (DAO) has go precise fashionable these days, arsenic a myriad of DAO ideas person been created. A caller DAO dedicated to purchasing fast-food restaurants called Fries DAO has raised much than $5.4 cardinal to execute the goal.

Fries DAO Creators Dream of a ‘DAO-Governed Fast-Food Franchise Empire’

Last week, Bitcoin.com News reported connected a recently launched DAO that is attempting to acquisition the NFL’s Denver Broncos shot franchise for $4 billion. Ever since 2016’s Genesis DAO and the consequent hack that followed, DAO concepts person grown successful popularity and information seems stronger.

Basically, a DAO is automated, decentralized, and operated by the community’s blockchain governance system. A DAO’s autochthonal token is typically leveraged to beryllium utilized arsenic a involvement successful governance voting processes, and for paying for goods, services, and aboriginal goals.

A recently launched DAO called Fries DAO is attempting to leverage the DAO thought to acquisition accelerated nutrient properties. The task describes itself arsenic a “decentralized societal experimentation wherever a crypto assemblage builds and governs a fast-food franchise empire.”

Fries DAO web portal.

The DAO has raised much than $5.4 cardinal and FRIES tokens volition beryllium utilized for governance. After forming a treasury, the task distributed FRIES tokens to participants. The DAO plans to “negotiate with franchise owners and brands to bargain well-known accelerated nutrient stores utilizing the Fries DAO assemblage treasury.”

The Fries DAO website explains the project’s main goal:

What’s the expansive vision? Imagine a large fast-food store successful each large city, materialized due to the fact that of your vote. Go to 1 adjacent you, flash your barcoded Fries DAO NFT, and get that escaped burger. Fist-bump that dude adjacent to you who did the same. Tell him you liked that FRIES defi strategy helium posted successful Discord the different day. We’re going to marque history.

Everyone’s Doing a DAO Today, FRIES Tokens Reward Stakers With KCHUP Coins

During the past fewer months determination person been galore DAO strategies, similar the radical that attempted to acquisition a uncommon transcript of the U.S. constitution, but yet failed. On February 7, Bitcoin.com News reported connected the DAO that wants to purchase the One Bel Air 105,000-square-foot megamansion successful Los Angeles.

A DAO precocious acquired the non-fungible token (NFT) creation postulation issued by Ross Ulbricht, and the DAO fractionalized Ulbricht’s NFTs. Additionally, crypto projects and blockchain platforms person been launching a large number of DAOs during the past 12 months.

Fries DAO is readying to make non-fungible token memberships. “We’re seeking to germinate NFT rank cards, implicit with beauteous creation and assorted traits, into perks specified arsenic nutrient oregon discounts astatine our Fries DAO web stores,” the project’s website details.

According to the members discussing the Fries DAO connected the team’s Discord channel, assemblage members initially wanted to bargain a Subway fast-food restaurant. Moreover, FRIES holders tin involvement their coins for much incentives and get KCHUP coin rewards. “Each FRIES token is simply a symbolic designation of each donation of 0.023088 USDC,” the website notes.

What bash you deliberation astir the Fries DAO and the project’s goals? Let america cognize what you deliberation astir this crypto task successful the comments conception below.

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