Blackbird, the restaurant loyalty platform founded by Resy and Eater co-founder Ben Leventhal, shared Thursday that its Flynet mainnet is live, bringing restaurant payments on-chain.
Flynet is a layer-3 blockchain based on top of Coinbase’s Base chain. Base, a layer-2 network, allows users to transact on top of Ethereum for faster and cheaper.
The team claims that having a layer-3 benefits the restaurant industry, because “by handling payments and loyalty programs entirely on Flynet, Blackbird eliminates traditional middlemen, reduces transaction costs, and introduces a new model for rewarding both diners and partners.”
Blackbird had previously released a payments platform, letting users pay for their meals with $FLY, the platform’s native token, which users could earn through the programs loyalty program by dining at participating restaurants, or by purchasing it in the Blackbird app using the USDC stablecoin.
With Flynet live,…
