Welly, the first NFT project of Shiba Inu-based Italian fast-food restaurant chain Welly’s, has announced work on a decentralized autonomous organization called WellyDogDAO. It is expected to begin operations in the next two months.
Thanks to WellyDogDAO, NFT Welly owners will be able to vote on various decisions related to company operations and Web3. The Italian fast-food restaurant said that one NFT is entitled to one vote.
Friends of Welly will be able to vote for various decisions related to the company’s business and Web3, for example.
To recap, Welly’s NFT was held on June 9 and consisted of three phases: an exclusive sale, a private sale and a public sale. Each phase of the event ended 24 hours after it began. The base price of 1 NFT at release ranged from 0.12 ETH to 0.15 ETH. After the event, the Welly team burned all remaining NFTs.
By teaming up with Welly on February 2, 2022, the developers of the Shiba Inu ecosystem moved into the real industry. After the partnership, Welly rebranded its business with the Shiba Inu concept and opened its first official fast food restaurant in Naples. Welly accepts Shiba Inu as payment, facilitating the burning of these tokens through the NOWPayments system.
Welly plans to achieve a global presence, so the fast-food company invited interested applicants from around the world to apply to open a franchise in their country.
Welly has received more than 300 franchise requests, and the company has already begun interviewing some candidates. At a recent Discord event, the restaurant team announced that they are close to closing a deal with one of the most eligible franchisees.