Market Herald logo

Subscribe

Be the first with the news that moves the market
  • CurrencyWorks and Restaurant.com will jointly develop an NFT platform for celebrity chefs, brands, restaurants, and personalities
  • CurrencyWorks has agreed to build the customized, white labelled “Restaurant.com” platform through the Foodies NFT community for a minimum cost of US$250,000
  • CurrencyWorks and Restaurant.com have also agreed to a revenue-sharing arrangement and a joint marketing and advertising budget
  • Restaurant.com, Inc. is a pioneer in the restaurant deal space and the United States’ largest restaurant-focused digital deals brand
  • CurrencyWorks Inc. (CWRK) builds and operates FinTech Platforms for Digital Currencies, Digital Assets, and Security Tokens
  • CurrencyWorks Inc. (CWRK) opened trading at C$1.39 per share

CurrencyWorks (CWRK) announced a memorandum of understanding (MOU) with Restaurant.com. 

The parties will work together to develop and build an NFT platform for celebrity chefs, brands, restaurants, and personalities unique to the restaurant/hospitality industry and Restaurant.com.

Pursuant to the terms of the MOU, CurrencyWorks has agreed to build the customized, white labelled “Restaurant.com” platform through the Foodies NFT community for a minimum cost of US$250,000 in cash and/or equity.

CurrencyWorks and Restaurant.com have also agreed to a revenue-sharing arrangement and a joint marketing and advertising budget.

The initial focus of the Restaurant.com platform is expected to be on celebrity chef-related NFTs, inclusive of unique cards, videos, experiences, exclusive recipes, and more, tailored to restaurants, vendors, suppliers, and hospitality brands utilizing NFT promotions, and couponing.

“We’re excited to use the endless possibilities of NFTs to highlight the genius behind the celebrity brands, restaurants, and personalities at Restaurant.com,” said Ketan Thakker, CEO of Restaurant.com. “We’re excited to work with CurrencyWorks, a pioneer in the NFT space, to help us to enable culinary fans to own an original digital asset such as an original recipe, menu, or food photography. There is literally no limit as to the ways NFTs can be sliced and diced.”

“We are honored to be working with Restaurant.com, who are true visionaries in their industry. NFTs are a great vehicle to generate buzz and awareness around just about any unique digital asset,” said Cameron Chell, Chairman of CurrencyWorks. “The creativity that can be extrapolated with these digital assets and shared with Restaurant.com’s fan base has no limits. There are so many use cases, just like the early days of the internet – we haven’t even begun to realize the potential of NFTs.”

Restaurant.com, Inc. is a pioneer in the restaurant deal space and the United States’ largest restaurant-focused digital deals brand.

CurrencyWorks Inc. (CWRK) is a publicly-traded company that builds and operates FinTech Platforms for Digital Currencies, Digital Assets, and Security Tokens.

CurrencyWorks Inc. (CWRK) opened trading at C$1.39 per share.

More From The Market Herald

" Micromem Technologies (CSE:MRM) closes private placement

Micromem Technologies (MRM) has closed a private placement for gross proceeds of $282,000.
PyroGenesis - Vice President of Sales, Massimo Dattilo.

" PyroGenesis (TSX:PYR) completes titanium powder order from Aubert & Duval

PyroGenesis (PYR) has completed a 100 kg titanium powder order from Aubert & Duval.

" Adamant Global Holdings (CSE:ADMT) releases 2021 results

Adamant (ADMT) has released its 2021 financial results headlined by significant revenue growth.

" Buzz on the Bullboards: The Larger the Hubs, the Heavier the Debates

Several of Stockhouse’s larger Bullboard hubs have set off serious debates on the future direction of some companies following significant moves this past