Everything You Need To Know About Food NFTs

NFTs, or non-fungible tokens, have seemingly taken over much of the business world. Annuity.org breaks down what NFTs are and explains that many companies have shifted to these new pieces of blockchain technologies because their ability to shorten wait times for middleman agents and transactions makes supply chains operate smoother. From being used in the arts and entertainment industry to representing real estate, TechTarget writes that their value will continue to increase over time.

NFTs have already made their way into the food sector too, even though Money Under 30 reports that they cost a bit of money to invest in and thus cater to many of the world's richest elites. In New York City, for example, lies the "world's first NFT restaurant" — a private dining club in which patrons need a "membership" NFT to enter.

On the flip side, NFTs also now appear in the fast food world. From the McDonald's McRib NFT to White Castle's Sliderverse, there's no shortage of digital content food consumers can choose from.

Restaurants offer NFTs as incentives

More and more chain restaurants are becoming open to NFTs. Many of these businesses, including Burger King and Dave & Buster's, find that the benefits of these technologies are best applied to loyalty programs (via The Spoon). They now offer non-fungible tokens as incentives, challenging consumers to eat out and record their experience in order to earn rewards.

Likewise, the fine-dining world uses NFTs to unlock special perks. In these situations, they essentially offer access to exclusive experiences, as seen at Flyfish Club, or the "world's first NFT restaurant" (via NFTevening).

Though collecting NFTs can be generalized as an expensive hobby, Money Under 30 states that it is best to learn about them now. Early non-fungible token investors have a greater chance of saving money later, as well as collecting exclusive forms of the cryptocurrency. 

And hey, although "grimacecoin" might be a little weird to say, owning the McDonald's meme cryptocurrency that's worth $6 million certainly seems lucrative.