- Fries DAO raises over $5.4 million.
- These funds will power the DAO’s dream of building a fast-food franchise empire.
- The DAO hopes a build a self-sufficient fast-food-loving crypto community.
Fries DAO celebrates its recent collection of $5.4 million. This fund will go towards purchasing fast-food restaurants. DAOs have been on the rise recently, each driven by their own goals, they strive to meet them.
One of the latest DAOs to emerge is Fries DAO. This DAO dreams of buying fast-food restaurants to establish a DAO-governed fast-food franchise empire. Most recently, the DAO raised over $5.4 million to achieve its goal.
Like any DAO that aims to build its own decentralized and automated community, Fries DAO is using the DAO philosophy to connect and empower all fast-food enthusiasts. In particular, the DAO thinks of itself as a decentralized social experiment.
Specifically, Fries DAO is hoping to build a crypto community that will grow into being powerful enough to govern a fast-food franchise empire. More so, it will use FRIES tokens for governance.
Once the community forms a treasury, it will begin to distribute FRIES tokens to participants everywhere. With this, it plans to negotiate with franchise brands and owners to purchase renowned fast food stores.
In fact, the Fries DAO community treasury will fund this. The point of it all is to have a say in where and when a fast-food store can open up. It gives regular folk a chance to own a stake in these stores whilst also accessing free meals and other perks.
Fries DAO has been quite active as it recently won over a fast-food industry veteran of 35 years as one of its advisors. To highlight, this was the Former President of Domino’s Pizza — Kory Spiroff. Furthermore, about a week before that, Fried DAO took 1.3 million USDC within the first 48 hours of an ongoing whitelist sale.
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