{"id":408840,"date":"2022-02-23T04:14:29","date_gmt":"2022-02-23T01:14:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nfts-and-cryptocurrency-buy-entree-to-glamour-and-networking\/"},"modified":"2022-02-23T04:14:29","modified_gmt":"2022-02-23T01:14:29","slug":"nfts-and-cryptocurrency-buy-entree-to-glamour-and-networking","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nfts-and-cryptocurrency-buy-entree-to-glamour-and-networking\/","title":{"rendered":"#NFTs and cryptocurrency buy \u2018entr\u00e9e\u2019 to glamour, and networking"},"content":{"rendered":"<p>&#8220;<strong>#NFTs and cryptocurrency buy \u2018entr\u00e9e\u2019 to glamour, and networking<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Jennifer Gould\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png?w=152 152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png?w=114 114w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png?w=76 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png?w=38 38w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/author-jennifer-gould.png 600w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/>     <\/div>\n<\/div>\n<\/aside>\n<p>There\u2019s a newfangled financial model for the still-struggling food and beverage industry: the world of the blockchain, crypto and NFTs.\u00a0<\/p>\n<p>Two New York-based restaurant groups are now raising money through individual \u201cNFT\u201d memberships, or the non-fungible tokens that are usually associated with digital art pieces.\u00a0<\/p>\n<p>Think of it as a 21st century version of a country club or the trendy Soho House. A one-time membership fee pays for access to a club (or a restaurant or bar) \u2013 and gets you access to a group of people like you. The restaurants also get a percent of each future transaction every time an NFT is bought and sold.<\/p>\n<p>Brooklyn Chop House, which is slated to open in Times Square next month, is launching an NFT membership in its sub-cellar space on May 1, Side Dish can reveal exclusively. <\/p>\n<p>Membership \u2014 purchased in the cryptocurrency Ethereum \u2014 will range from $8,000 all the way to $1 million. Most memberships will get you access to the space, just like a membership at a private club. But the million-dollar NFT will come with a quarter of a percent ownership in the restaurant, Stratis Morfogen, director of operations for Brooklyn Chop House, tells Side Dish.\u00a0<\/p>\n<p>There\u2019s also a $20,000 gold membership that includes prime reservations for up to 20 guests per month plus guaranteed reservations. Platinum membership, at $100,000, includes additional perks, like chauffeur pickup to and from airports to hotels and for delivery orders.\u00a0<\/p>\n<p>\u201cThe NFT market began with art and music. It wasn\u2019t designed for restaurants. We\u2019re changing that, creating a digital version of a private club \u2014 like a Soho House in the metaverse but in Times Square,\u201d Morfogen said.\u00a0<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> follows reports last month that serial entrepreneur Gary Vaynerchuk\u2018s VCR Group will open Flyfish Club. Billed as the world\u2019s first NFT private dining club, Flyfish Club hasn\u2019t even signed a lease, and it isn\u2019t slated to open until next year \u2014 yet it has generated more than $14 million through NFT sales, VCR\u2019s CEO, veteran restaurateur David Rodolitz, a founding partner of Empellon Restaurant Group, tells Side Dish.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/stratis-morfogen.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Brooklyn Chop House\" class=\"wp-image-21299300\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/stratis-morfogen.jpg?quality=90&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/stratis-morfogen.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/stratis-morfogen.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/stratis-morfogen.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Stratis Morfogen, right, is director of operations for Brooklyn Chop House, a restaurant offering rare membership opportunities. He is seen with music exec\/restaurateur Robert \u201cDon Pooh\u201d Cummins.<\/figcaption><figcaption><span class=\"credit\">Daniel Kwak<\/span><\/figcaption><\/figure>\n<p>The $14 million in sales, via Ethereum, h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened fast \u2014 a small pre-sale in December and a Jan. 7 sale that sold out \u2014 1,501 memberships, he said.<\/p>\n<p>Since then, more than $23 million has been generated in resales on a secondary market, Opensea, which is known as the eBay of NFTs, Rodolitz tells Side Dish exclusively.\u00a0<\/p>\n<p>VCR gets 10% of every trade, so they\u2019ve already earned an additional $2.3 million, he added.\u00a0<\/p>\n<p>\u201cEvery NFT creator decides the percent and the market determines if they are right or wrong. We felt that as a first-of-its kind in the hospitality industry, 10% was justified,\u201d Rodolitz said.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/NFT_FF_main.png?w=1024\" alt=\"NFTs\" class=\"wp-image-21299306\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/NFT_FF_main.png?w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/NFT_FF_main.png?w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/NFT_FF_main.png 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/NFT_FF_main.png?w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>NFTs are definitely on the menu at Flyfish Club.<\/figcaption><figcaption><span class=\"credit\">Flyfish Club<\/span><\/figcaption><\/figure>\n<p>\u201cWe\u2019re finding a new way to do business,\u201d Rodolitz added. \u201cThere\u2019s an upfront sales component \u2013 selling membership \u2013 plus an ongoing royalty component, as memberships are bought and sold on the secondary market.\u00a0<\/p>\n<p>Membership clubs have of course existed for a long time, but Rodolitz said the industry is just now turning to NFTs for a new spin on the practice.<\/p>\n<p>Flyfish Club\u2019s seafood-focused concept was created by Vaynerchuk, Rodolitz, celebrity chef Josh Capon, VCR\u2019s chief culinary officer and Chef Conor Hanlon.<\/p>\n<p>Although the restaurant is not yet open, Flyfish Club is already launching real world experiences for its members, like an upcoming pop up champagne and caviar cruise in Miami.\u00a0<\/p>\n<p>\u201cI was pleasantly surprised by this sense of community that has rallied around a restaurant that doesn\u2019t exist yet,\u201d Capon said. \u201cIt\u2019s actually touching to see how people are connecting \u2026 We are trying to do something innovative to help our industry and ourselves.\u201d\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/metadata.png?w=1024\" alt=\"NFTs\" class=\"wp-image-21299329\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/metadata.png 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/metadata.png?w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The Flyfish Club\u2019s NFTs are, unsurprisingly, inspired by the sea and its creatures.<\/figcaption><figcaption><span class=\"credit\">Flyfish Club<\/span><\/figcaption><\/figure>\n<p>Both restaurant groups will be using the cryptocurrency Ethereum.\u00a0<\/p>\n<p>Brooklyn Chop House, which merges an upscale steakhouse with Chinese dishes, like Peking duck, already has a celebrity cult following in its original FiDi location. Regulars include actors Kevin Hart and Jamie Foxx, singers like Mary J Blige and sports stars like the Knicks\u2019 Julius Randle \u2014 as well as veggie forward Mayor Adams, who recently enjoyed a crispy eggplant dish while dining with his pal, Newark Mayor Ras Baraka. Morfogen tells Side Dish that some regulars have already expressed interest in purchasing NFT membership for the sub-cellar club in the new Times Square location.\u00a0<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>As for Flyflish Club, the seafood-focused dining club will be for NFT token holders only, and it will include a cocktail bar and an outdoor space. There will also be an additional, even more exclusive omakase token that will give a smaller number of token holders access to a private omakase room curated by Michelin star sushi master Masa Ito. (VCR also operates Ito, an omakase-style Japanese restaurant led by Ito and Kevin Kim.)\u00a0<\/p>\n<p>As of Monday, Flyfish membership was trading for 4.88 ETH, or $12,735, and the more limited Omakase Flyfish membership was trading for 13.49 ETH, or $35,140, Rodolitz said.\u00a0<\/p>\n<p>Morfogen adds that crypto millionaires need real world places to congregate.\u00a0<\/p>\n<p>\u201cThere is a huge community of crypto millionaires who only <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>ize with each other,\u201d Morfogen said. \u201cA lot of them are trading NFTs out of their bedrooms and buying things in the metaverse. We\u2019re giving them a place to congregate, taking the best of both worlds.\u201d\u00a0Added Rodolitz: \u201cYou will start to see a lot of real-life projects based on utility, not just digital files. I don\u2019t think anyone has done a premier utility-based NFT project before, across all industries, especially hospitality. We worked hard to be the first. It\u2019s very exciting.\u201d<\/p>\n<hr class=\"wp-block-separator\"\/>\n<p>We hear\u2026that this Presidents\u2019 Day weekend, designer\u00a0<strong>Rebecca Minkoff\u00a0<\/strong>launched a pop-up and VIP dinner at\u00a0<strong>Jayma Cardoso<\/strong>\u2018s glam Red Room at the Snow Lodge, her restaurant at the St. Regis Hotel in Aspen that is the sister spot to her Surf Lodge in Montauk. The Red Room \u2014 a caviar and champagne lounge and piano bar featuring live performances by\u00a0<strong>Bob Moses\u00a0<\/strong>and others \u2014 launched on Valentine\u2019s Day. Culinary director\u00a0<strong>Robert Siebert\u2019s\u00a0<\/strong>popular American-style concoctions include caviar cannolis and white chocolate macaroons with caviar for a unique sweet and salty flavor. Siebert  also offers more traditional fare, like a caviar potato, which is also popular at the Nines, the new trendy lounge in Noho. The Red Room features boho chic furniture and vintage rugs under a large disco ball. Dom Perignon is offered by the glass along with high end tequilas by women owners, like Casa Del Sol by\u00a0<strong>Eva Langoria<\/strong>. Celeb guests at Snow Lodge this season included Latin singer\u00a0<strong>Maluma<\/strong>, as well as\u00a0<strong>Steve Aoki\u00a0<\/strong>and\u00a0<strong>Perry Farrell\u00a0<\/strong>of Jane\u2019s Addiction. Caviar bars are taking off in elite hotspots, including\u00a0<strong>Thomas Keller<\/strong>\u2018s Regiis Ova Lounge in Napa Valley and The Bump Bar, a tasting room for California Caviar Company in Sausalito, Calif. \u201cOld School glamour is back,\u201d Cardoso tells Side Dish. \u201cYou have a drink, eat, dance \u2014 it has a supper club feel. People are coming in for a drink and staying for the night. Last year\u2019s uncertainty with COVID is thankfully gone.\u201d \u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"640\" height=\"427\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/snow-lodge.jpeg?quality=90&amp;strip=all&amp;w=640\" alt=\"Nightlife creator Jayma Cardoso\u2019s Snow Lodge\" class=\"wp-image-21299324\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/snow-lodge.jpeg?quality=90&amp;strip=all 640w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/snow-lodge.jpeg?quality=90&amp;strip=all&amp;w=320 320w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><figcaption>Nightlife creator Jayma Cardoso\u2019s Snow Lodge serves up glamour and caviar.<\/figcaption><figcaption><span class=\"credit\">Snow Lodge<\/span><\/figcaption><\/figure>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/02\/22\/nfts-and-cryptocurrency-buy-entree-to-glamour-and-networking\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#NFTs and cryptocurrency buy \u2018entr\u00e9e\u2019 to glamour, and networking&#8221; There\u2019s a newfangled financial model for the still-struggling food and beverage industry: the world of the blockchain, crypto and NFTs.\u00a0 Two New York-based restaurant groups are now raising money through individual \u201cNFT\u201d memberships, or the non-fungible tokens that are usually associated with digital art pieces.\u00a0 Think&#8230;<\/p>\n","protected":false},"author":1,"featured_media":408841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/Courtesy-of-Flyfish-Club-1-1.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95118,126004,76127,22512,71970],"class_list":["post-408840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nft","tag-2-22-22","tag-cryptocurrency","tag-restaurants","tag-side-dish"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/408840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=408840"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/408840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/408841"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=408840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=408840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=408840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}