Bored Ape-themed fast food restaurant shuts down
www.web3isgoinggreat.com
It's hard to believe that the hamburger joint themed around the owner's Bored Ape NFT failed to take off. Although there was novelty value in the themed restaurant, which for a time boasted that it accepted cryptocurrency payments, the excitement seemed to wear off quickly after a few early news articles. After a while, the restaurant's crypto payments became spotty, with employees saying the system was unwieldy and unpopular among customers.Some more recent Yelp reviews described fairly mediocre food, which "[t]he NFTs don't make up for".The restaurant opened in April 2022, a month after owner Andy Nguyen purchased Bored Ape #6184 for $268,000, along with three Mutant Apes for an additional combined $187,000. #6184 became the restaurant's logo, and the others were incorporated into the restaurant's branding. The NFTs haven't been resold since, although it's unlikely they could recoup close to their original purchase prices — Bored Apes have been averaging a little under $50,000 in recent sales, and Mutants around $8,500 each.
  • @selfAEnglish
    17•6 months ago

    it’s the end of a very stupid era. who knew opening a restaurant with worse styling and food than a 90s Taco Bell was a bad business move?

    • @froztbyteEnglish
      7•6 months ago

      Couple of years back I found a piece of ape-based street art on a corner in Cape Town. Can’t seem to upload it from phone right now but will do in morning

      The imagery was hilarious at the time, and I think it’s improved since then (albeit possibly not with the original intention) as a result of the extremely-predictable crash of the insanity

      • David GerardOPMAEnglish
        9•6 months ago

        the bored ape is a perfectly good cartoon ape! it’s inherently slightly amusing!

        but being crypto bros, they couldn’t not bludgeon it into the ground

        • @froztbyteEnglish
          5•6 months ago

          i fucking hate instagrammatron (and pretty much all the forceful intermediation with-extra-walled-gardening that facebook does) and on account of that I’ve never gotten around to asking the artist about it, but I’ve been curious about their intent/feeling in creating it. as well as some retrospect now that it’s over 2y on