Restaurant Relief NFT

$99.00

Nominate a restaurant in need: https://restaurantrelief.io/nominate

Restaurants have been one of the most affected industries since the start of the Coronavirus pandemic; one in 10 permanently closed during the pandemic, according to estimates from food industry research firm Datassential. 

For each Restaurant Relief NFT you purchase, you can nominate a restaurant in need (US-based only) and place a vote in the DAO. Your NFT is dynamic and will regularly update to display the total amounts raised for both the Restaurant Relief Fund and the  restaurant you nominated. 

80% of net proceeds go into a Restaurant Relief Fund (RRF) controlled by the DAO. When the RRF reaches $500,000, the DAO 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.

Check out the community progress!

99544 in stock

Description

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.