Breaking news
By Label Hunter
1 hour agoThu Oct 05 2023 09:21:03
Reading Time: 2 minutes
- Hospitality tech agency Blackbird Labs has secured a $24 million funding for its blockchain-essentially based completely hospitality product
- 22 restaurants already use its platform which objectives to revolutionize the connection between restaurants and patrons
- A16z led the funding round with other wide names additionally pitching in
Hospitality technology agency Blackbird Labs the day old to this launched that it has secured $24 million in funding, spearheaded by a16z, as it tries to revolutionize the business with blockchain technology. The funding will fortify the growth of Blackbird’s operations and its mission to give restaurants modern tools for bettering buyer loyalty and generating additional income streams at some level of the hospitality business. Blackbird’s platform facilitates order dialog and rewards between restaurants and possibilities, with over 22 restaurants already signed up.
Breaking news Blackbird Already Flying
As the eating business faces elevated fragmentation and miniature order dialog with patrons, Blackbird helps restaurants foster stronger buyer relationships, enhance loyalty, and present custom-made experiences. The platform, which enables restaurants to procure treasured insights into buyer preferences, seating preferences, and inform over with frequency, has viewed illustrious establishments such as Jon & Vinny’s (Los Angeles), Souvla (San Francisco), and Razza Pizza (Jersey City) register.
Diners use Blackbird by tapping their mobile phone on an NFC reader upon arrival and coming into their mobile phone number to procure a membership. They’ll unlock benefits, insider perks, and rewards by means of the platform’s native token, $FLY, with the firm the usage of its procure embedded wallet, built by Privy. Blackbird plans to enlarge its choices into unusual markets, introducing ingredients such as $FLY Redemption, a referral program, and world information sharing to perform restaurants with complete insights and beef up the eating expertise.
Commenting on the funding round, Ben Leventhal, founder and CEO of Blackbird, emphasised the importance of loyalty and connectivity within the restaurant business:
I care for this business, however it absolutely is time to face business financial challenges head-on and procure fearless changes. Loyalty and connectivity are the next frontier and we’re excited to be main on this course forward.
The understanding of eating on the blockchain smacks of the ‘all the pieces on the blockchain’ craze of 2017, however in this case there may possibly be admittedly a working product and a basic more expert tackle the usage of blockchain technology.