Bored & Hungry LA closes its doors as it sells its brand to a decentralized autonomous organization (DAO) after two years in business. The Los Angeles burger restaurant, known for its Bored Ape Yacht Club (BAYC) nonfungible token (NFT) branding, announced the closure on April 8. Co-founder Andy Nguyen stated that Hungry DAO, a “branding and franchising company,” has acquired the Bored & Hungry brand. The restaurant’s founding team will join the DAO as shareholders. The brand will soon announce its new location in the U.S. Bored & Hungry had multiple locations in the Philippines, one in Seoul, South Korea, and had plans for pop-ups in Hong Kong, Singapore, and Dubai. Other businesses, such as a Cuban restaurant in Miami, have also utilized their ownership of NFTs to establish their brands. Nguyen expressed gratitude to the BAYC and Web3 community for their support and pioneering the use of digital IP assets in creating a restaurant brand.
In other news, gaming platform Ordz Games unveiled its BitBoy One device, a Bitcoin gaming console and crypto wallet resembling a Game Boy, at the Web3 Gaming Expo in Hong Kong. The console, which uses the NFT-emulating Ordinals protocol, allows users to play retro-style play-to-earn games on the Bitcoin network and store any earned Bitcoin. The console’s expected price is around $500, making it significantly more expensive than other handheld retro game consoles on the market. Additionally, the BitBoy One can power a Decentralized Physical Infrastructure Network (DePIN), enabling users to farm airdrops by keeping the device running.
NFT collection Doodles announced its upcoming animated film, titled “Dullsville and The Doodleverse,” which will feature rappers Lil Wayne and Coi Leray as voice actors. The film’s storytelling experience will be unveiled gradually through music, live events, partnerships, merchandise, and NFTs, marketed as “digital collecting experiences.” The film is set to premiere at the Toronto International Film Festival in September. Lil Wayne will voice the character “Captain Stoke,” a skeleton, while Coi Leray will voice “Deysi,” an anthropomorphic flower. The film’s original soundtrack, composed by Pharrell Williams, will include three music videos.
In the world of NFT sales, volumes have declined for the fifth consecutive week, with Ethereum NFT sales experiencing a significant drop. Data from CryptoSlam! shows that daily total NFT sales volume reached a year-to-date high on March 4 but has since fallen by over 50%. Ethereum NFT sales have seen a nearly 48% decrease over the past 30 days. Bitcoin-based NFTs, on the other hand, saw a volume increase of over 24% in the past week. The most traded NFTs in the past week and month were “Uncategorized Ordinals,” indicating Bitcoin Ordinals not part of recognized collections. These Ordinals saw a 54% increase in trading volumes over the past 30 days.
In other news, Dogecoiners conducted their own “Runestone” airdrop, imitating the recent giveaway done through Bitcoin Ordinals. Crypto exchange Binance has decided to stop supporting Bitcoin Ordinals on its NFT marketplace, citing the need to streamline its product offerings. Lastly, the Gods Unchained app has removed cryptocurrency functionality, and there is a review of the Kings of Fighters Arena game by Web3 Gamer.