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Benzinga
Benzinga
Business
Samyuktha Sriram

Fast Food Restaurant Inspired By Bored Ape NFT Stops Accepting Crypto As Payment

That was fast. Only two months since its official launch, the Bored Ape-themed fast food restaurant — “Bored & Hungry” — has stopped accepting cryptocurrency as payment.

What Happened: According to Hypebeast, the restaurant has been forced to stop accepting payment in ApeCoin (CRYPTO: APE) and Ethereum (CRYPTO: ETH) in light of the market volatility that caused sharp drawdowns in the assets’ prices.

See Also: Is Bitcoin Dead?

Bored & Hungry, a 1,700-square-foot restaurant based in Long Beach, California, opened on April 9 after owner Andy Nguyen purchased the Bored Ape Yacht Club #6184 NFT. The company likened the concept of the first “Bored Ape” restaurant to Smashburger, but "powered by Trill Burgers and Beleaf Burgers — two IRL (In Real Life) concepts that Nguyen is bringing together under his Bored Ape brand.”

Nguyen’s team later enlisted rapper and NFT advocate Snoop Dogg to help launch a Bored Ape-themed dessert bar inspired by the rapper’s NFT avatar “Dr. Bombay.”

Price Action: APE was trading at $4.80, down 7.31% in the last 24 hours, according to Benzinga Pro. ETH was trading at $1,188, down 2.91% over the same period.

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