Restaurant Relief DAO NFT Benefits
Many restaurants are still struggling post-pandemic with spiking energy costs, staffing shortages, and compounding debt, so a DAO was created to raise funds and distribute them according to community votes.
80% of net proceeds go into a Restaurant Relief Fund (RRF) controlled by the DAO. When the RRF reaches $500,000, the community (NFT owners) will vote on which two restaurants will each receive $250,000. Restaurants will also receive $5,000 out of the fund for every 100 nominations.