“Blackbird’s Layer-3 Mainnet, Flynet, Is Built on Coinbase’s Base Chain. The team claims that building a layser-3 for it Program Benefits the restaurant Industry Because It Eliminates Middlemen and Roduces Transaction Costs.”, – WRITE: www.coindesk.com
FlyNet is a Layer-3 Blockchain Based On Top of Coinbase’s Base Chain. Base, A Layer-2 Network, ALLOWS USERS TO Transact on Top of Ethereum for FASTER AND CHEAPER.
The team claims that having a layser-3 benefits of the restaurant Industry, Because “by Handling Payments and Loyalty Programs Entirely on Flynet, Blackbird Eliminates Coustst. and Introduces a New Model for Rewarding Both Dines and Partners. ”
Blackbird Had Previoously Released a Payments Platform, Letting USERS PAY for Their Meals with Fly, The Platform’s Native Token, Which USERS COURuld Earn Thound Proup. Restaurants, or by purchasing it in the Blackbird App USING the USDC Stablecoin.
With Flynet Live, $ Fly will be used in the Same Way, but now restaurants can usse the token to pay platform fees as Well. In addition, the team is releasing a new token, $ f2, to be used for gas fees on the Network.
The team said that Will Airdrop 13% of the $ F2 Token Supple to Early USers and Restaurants, with Distribution DEPENDING ON CERTAIN ACTIVITY METRICS. The Remaining 87% of $ F2 Will Go to “Insiders, The Treasury, and We Have Another Six Seasons After It Will AlloCate Tokens to The Participants,” Levenhal Told Condesk in.
Accorging to the team, Blackbird have $ 85 Million in Funding with Backers from andreessen Horowitz (A16Z), Coinbase, Spark Capital, and American Express. In 2023, A16z Raised More Than $ 24 Million for the Platform in a Series a Round.
Blackbird Currently is Available in New York, San Francisco and Charleston, and Lets Diners Earn Rewards at the Favorite Restaurants. Leveentral Told Coindesk there are roughly 500 restaurants as part of their loyalty Program.
“What wek we can do is build something situations become Much More Cost Effective, and the Levers That Restaurants Have To Attract and Rtain Customers Will Become Vas He sees the restaurant Industry and Blockchain Interstating. “And TOSE Two Things, More Thanning Else, Is The Reason Who We’re Building on-Chain.”
Read More: Blackbird, Web3 Startup from Resy Co-FOUNDER, WANTS DINERS TO PAY FOR MEALS IN CRYPTO
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