Crypto Community friesDAO Seeks to Acquire Fast Food Restaurants

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Cheyenne, Wyoming, 2nd February, 2022,

FriesDAO, a decentralized autonomous organization is testing whether an open community can successfully run a real-world, fast food enterprise.

Intending to bridge real world assets into DeFi and on-chain platforms, friesDAO is the result of like-minded individuals who believe that traditional businesses can accommodate blockchain-based governance. Members who wish to participate in the DAO can donate to its treasury and receive membership tokens which also serve as governance rights for the DAO’s future growth and processes. Community members begin donating to the treasury on January 29 and the raise intends to continue into mid February.

The funds raised by the community treasury will be used to contract traditional companies to acquire and operate franchises of well-known fast food restaurant brands on behalf of friesDAO. Any operating profits, despite being owned by the contract organization, can be influenced by DAO governance for use towards store improvements or expansion of additional stores. Moreover, building on-chain protocols that are able to access store operation data from sales to logistics allows the DAO to create additional blockchain utility, improve the efficiency of decentralized governance, and integrate into other DeFi protocols.

Key members who are helping to initially organize the community as advisors include Drizly co-founder Brett Beller as well as Launch Code Capital partner and crypto veteran Bill “Swo” Lee. Other advisors who have joined to help in the DAO’s cause include Horizen Labs advisor Rowan Stone who also works for a major cryptocurrency exchange and DeFi developer