A new proof of concept DAO going by the name “FriesDAO” is reportedly looking to democratize access to the fast-food sector. 

Specifically, FriesDAO advisors Brett Beller and Bill Lee reportedly shared their vision to become a “part of something that will connect crypto and virtual ownership to real-world assets”/

FriesDAO reportedly has a goal of obtaining and scaling high-profile fast food restaurant franchises, nominally Popeye’s, Burger King, and Taco Bell, via sending out an invitation to FRIES token holders to operate a decentralized network of Quick Service Restaurants (QSR). 

Beginning with Subway franchise owners, the FriesDAO team reportedly shared their hopes of providing guidance to their partners related to the blockchain sphere. 

What “started as a joke” has become a serious proposition upon their realization of “ a hole for people that were ready to run DAOs more like a business.”

Lee further provided explanations that FriesDAO does not have direct ownership of the stores because of legal reasons. Instead, this governance model makes it possible for members of the DAO to contribute their views to the spending the treasury funds are spent, as well as the selection of the stores that will be obtained. 

They additionally have plans down their pipeline to offer non-fungible token (NFT) membership cards with a variety of perks, nominally free food, or discounts at FriesDAO network stores.

At the time of publication, the DAO has reportedly acquired a total of $5.4 million, as revealed via its website, crossing the minimum $5 million threshold they set out to achieve initially. 

Recently, FriesDAO reportedly welcomed aboard Kory Spiroff, former president of Domino’s, to be a member of its advisory board.