Learning Time: 2 minutes
- Bored & Hungry, the Bored Ape Yacht Membership-themed restaurant in Los Angeles, has closed two years after its opening
- Thought creator Andy Nguyen stated it used to be never meant to be an extended-length of time mission
- Hungry DAO now controls the branding, with contributors draw to resolve its fate amid challenges facing the Bored Ape franchise
Two years after it opened its doorways to Bored & Hungry customers, Bored & Hungry, the Bored Ape Yacht Membership-themed restaurant in Los Angeles, has closed its doorways. The restaurant opened in April 2022, honest on the historical top of the Bored Ape converse, and has now served its closing burger, with the thought that creator, Andy Nguyen, pronouncing that the mission used to be never supposed as an extended-length of time endeavor. The thought that and branding have now been taken over by Hungry DAO, whose contributors will now vote on what happens to the endeavor at a time when the Bored Ape franchise seems like to be in dire straits.
A Fashion of the (Temporary) Excessive Lifestyles
Bored & Hungry, positioned in Lengthy Sea high-tail, California, opened its doorways to customers on April 9, 2022, dazzling three weeks sooner than the floor impress of the authentic Bored Ape Yacht Membership NFTs hit its all-time excessive of 153 ETH ($420,000).
Patrons have been handled to Bored Ape-themed atmosphere and food delivered with NFT-imprinted packaging featuring the ape that Bored & Hungry founder Andy Nguyen sold in March 2021.
Customers lined up around the block to gain their first taste of a Bored Ape burger, however it in point of fact seems the lines grew thinner and thinner as your total Bored Ape franchise suffered along with the crypto and NFT markets; the Bored Ape YAcht Membership floor impress is down 92% from its April 2022 highs and reveals no signs of a restoration anytime soon.
Hungry DAO in Ticket
Nguyen has now called time on Bored & Hungry, telling Decrypt that it had changed into into a distraction:
Bored & Hungry wasn’t imagined to be an extended-length of time mission…and it used to be taking our sources some distance off from our other work. The experiment took off a lot crazier than we ever anticipated.
Your total thing has been provided to Hungry DAO, a crew that sells stakes within the possession of the shops it oversees in return for balloting rights and potential returns. The DAO will vote on where to relocate, even within the occasion that they’ll also wish to attend till the NFT market picks up all all over again sooner than dedicating any money to reestablishing itself within the notoriously aggressive restaurant marketplace.
