A fast food joint called Bored & Hungry — the first eatery inspired by a Bored Ape Yacht Club NFT — opened in Los Angeles this spring. Now the team behind that eatery is bringing in rapper and NFT enthusiast Snoop Dogg to open up its next NFT-themed restaurant.

Snoop Dogg and Food Fighters Universe—a startup co-founded by Andy Nguyen, Kevin Seo and Phillip Huynh—have announced plans to open Dr. Bombay’s Sweet Exploration, an “immersive retail dessert experience” that will similarly take root in Los Angeles.

Dr. Bombay is the name that Snoop (born Calvin Broadus Jr.) has given his Bored Ape Yacht Club avatar. The Bored Ape Yacht Club is one of the most popular Ethereum NFT collections, spanning 10,000 unique avatars depicting disinterested cartoon apes. The NFTs have collectively generated more than $2.1 billion in secondary market trading volume to date.

The Bored Ape Yacht Club, created by startup Yuga Labs, grants its NFT holders the right to commercialize their owned images. As such, Bored Apes have been used for products ranging from apparel to beer and marijuana packaging, as well as virtual band projects and upcoming film and TV productions.

In other words, Snoop’s dessert restaurant isn’t an “official” Bored Ape restaurant created by Yuga Labs, but the rapper is well within his rights to use his owned NFT image for it. An NFT serves as a proof of ownership for an item—in this case, a digital image of an ape that also provides access to a community of owners, plus commercial rights and other perks.

Bored & Hungry takes the same…


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed