The BAYC restaurant stopped accepting payment in cryptocurrency (ApeCoin and ETH)

The BAYC restaurant stopped accepting payment in cryptocurrency (ApeCoin and ETH)

Updated June 29

Just 2 months ago, Los Angeles restaurateur Andy Nguyen opened a 1,700 square foot fast food restaurant in Long Beach, California on the wave of NFT hype. The restaurant’s branding was built around one of NFTs most popular collections, BAYC (Bored Ape Yacht Club). The name of the restaurant was chosen accordingly – “Bored & Hungry”.

“Bored & Hungry” is the first restaurant that accepts payment in both dollars and ETH and ApeCoin tokens.

The food packages feature images of Bored Ape ($267,000 USD) and Mutant Apes purchased by Nguyen.

It seemed like a hype idea to open a restaurant branded with NFT trending technology.
But as you know, the prices of Bitcoin and other cryptocurrencies and tokens have been falling for the past two months. And it looks like the restaurant owner has run into financial trouble accepting ETH and ApeCoin tokens as payment. No longer does Bored & Hungry accept payment in any cryptocurrency.

Update

Andy Nguyen denies in his tweet that they have stopped accepting ApeCoin and ETH tokens.

Andy Nguyen denies in his tweet

Which one of them is lying? This question can only be answered by the restaurant’s regulars.
But for some reason they are silent. Both in the media comments and in the comments to the tweet.

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