Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z

Blackbird Labs, an app and loyalty program that's attempting to connect restaurants and their customers via its crypto-powered app, announced Wednesday it has raised $24 million in a series A funding round led by the venture capital firm Andreessen Horowitz (a16z). Through Blackbird, which is built on Coinbase's Layer-2 Base blockchain, customers tap their phone on a near field communication (NFC) reader and create a non-fungible token (NFT) membership. Blackbird memberships unlock rewards and insider perks such as off menu items and SMS concierge, said a press release. The project has garnered mainstream attention partly.

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