• 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. 

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.