NFT-Themed Restaurant No Longer Accepting Cryptocurrency
The NFT and cryptocurrency crash has already cost a lot of people a significant amount of money. This includes prominent online influencers such as Logan Paul and KSI, who lost hundreds of thousands or even millions of dollars. However, whether someone feels angry, disappointed, or vindicated about this bubble bursting, they can hopefully appreciate one very ironic side effect.
The plummeting value of crypto is a problem not just for investors but also for those businesses who accept cryptocurrencies as payment. This included the NFT-themed restaurant Bored and Hungry, whose management has decided to stop accepting payments in cryptocurrency.
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As one might guess, Bored and Hungry in Long Beach, California, is named after the Bored Ape NFTs, which took the world by storm over the last few years. The restaurant went all-in on the aesthetics of NFT culture, decorating the walls and tables with memes and Bored Ape art. And while customers could still pay for their food with regular old US dollars, Bored and Hungry’s menus also listed prices in cryptocurrencies. It’s thus highly ironic that the crashing values of cryptocurrency have reportedly forced the restaurant to stop accepting payment in crypto.
According to the Los Angeles Times, Bored and Hungry removed all references to cryptocurrency from its menus and the business now only accepts payment in US dollars. LA Times reporters could not reach owner Andy Nguyen for comment, and it is unclear whether this change is permanent. An anonymous employee reportedly told the LA Times that they weren’t sure when or if Bored and Hungry might start taking payments in cryptocurrency again.
NFT sales tanked over the last few months,
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