Blackbird's Crypto Restaurant App Secures $24M Led by A16z

Blackbird’s Crypto Restaurant App Secures $24M Led by A16z


199 Listen to this article Blackbird Labs, the business enterprise behind a crypto-powered app and loyalty software designed to attach […]

Latest News

Listen to this article

Blackbird Labs, the business enterprise behind a crypto-powered app and loyalty software designed to attach restaurants and clients, has secured $24 million in a Series A investment spherical. The funding round become spearheaded by means of the prominent assignment capital corporation Andreessen Horowitz (a16z).

Here’s how Blackbird’s revolutionary machine works

Customers make use of Blackbird, that’s constructed on Coinbase’s Layer-2 Base blockchain.

By tapping their phones on a close to field verbal exchange (NFC) reader, customers create a non-fungible token (NFT) membership.

The NFT is minted whilst customers “faucet in” to the eating place, unlocking distinctive rewards and insider perks, along with off-menu gadgets and SMS concierge services.

One of the first-rate aspects of Blackbird is its CEO, Ben Leventhal, a co-founder of the dining community Resy. Interestingly, a current New York Times characteristic on Blackbird did not mention the word “crypto.”

Behind the scenes, Blackbird operates on a blockchain-based infrastructure with a decentralized ethos. Diners can earn fungible $FLY tokens, and the platform’s “Flypaper” outlines some of the underlying mechanics.

“Blackbird could be the first decentralized platform constructed especially for the hospitality industry. Unlike legacy rewards marketplaces which maroon and lock earned points, the Blackbird protocol will in the end permit customers to take the factors they earn everywhere they go on public blockchains.”

Flypaper states

To streamline accessibility, Blackbird has partnered with Privy. Users do no longer need a crypto pockets before joining; they could actually check in with their phone range, which automatically grants them get entry to to a self-custodial wallet.

Read Also:  CEO of Stars Arena on Avalanche Blockchain Resigns

Despite being notably new, Blackbird has already onboarded about eighty eating places in New York City. According to Arianna Simpson, preferred accomplice at a16z crypto, “Web3 enables a effective, new way for eating places and guests to connect, making each eating experience precise and greater meaningful.

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

Would love your thoughts, please comment.x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase