The first 'NFT restaurant' costs up to R215,000 to join – before you pay for food

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The seafood-inspired restaurant will open in New York City in 2023 and will feature a 14-seat Japanese 'omakase' room.

, the seafood-inspired restaurant will open in 2023 in New York City and will feature a cocktail lounge, a 150-seat dining room, an outdoor space at a location that's yet to be announced, and a 14-seat Japanese"omakase" room in a private section.

The"Omakase Experience" in the private room promises a"transportive experience" led by a master sushi chef who will prepare curated dishes with fish flown in daily. While you can't eat there yet, Flyfish Club this month began selling memberships through NFTs, or digital representations of collectibles such as art, music — and now, dining memberships. VCR Group, the hospitality company managing the Flyfish Club project, told Fortune it has already raised $14 million through the sale of nearly 1,500 tokens.

There are two tiers of membership, which can be obtained by purchasing a Flyfish Club NFT with ether, the cryptocurrency that runs on the ethereum blockchain. The"Flyfish" tier costs 2.5 ether, or about R130,000. The premium"Flyfish Omakase" level costs 4.25 ether, or roughly R215,000.

 

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