PANews reported on February 28 that according to CoinDesk, the restaurant loyalty platform Blackbird announced that its Flynet mainnet was officially launched, introducing restaurant payment and membership reward systems to the blockchain. Flynet is a Layer-3 blockchain based on the Coinbase Base chain, which aims to reduce transaction costs, remove middlemen, and provide an innovative restaurant reward model.

Blackbird previously launched a payment platform that allows users to pay for meals through $FLY tokens, which can be consumed at restaurants or purchased with USDC. After Flynet goes online, $FLY is still used for payment, but restaurants can also use the token to pay platform fees. In addition, Blackbird has also launched a new token $F2, which is used for network gas fees, and plans to airdrop 13% of the supply to early users and restaurants.

Blackbird has received $85 million in financing from investors including a16z, Coinbase, Spark Capital and American Express. Currently, the platform has landed in New York, San Francisco and Charleston, working with about 500 restaurants to promote the blockchain development of the catering industry.