Inside the crypto restaurant after the crypto crash

Bored & Hungry in Long Beach, California, was all-in on crypto culture when it first opened in April. The restaurant initially accepted ethereum and apecoin, which are now down to about 23% of their highs over the last year. A staffer at the restaurant's grand opening told The Times that the crypto payments were unwieldy and going largely ignored by customers. But utility may also be a factor, with both coins down more than 60% since early April and undergoing double-digit intra-day swings, it would be understandable for any business to be reluctant to accept them in lieu of dollars. Owner Andy Nguyen says he paid more than $330,000 for the different ape-themed NFTs that form the basis of his restaurant's brand. Source