FriesDAO welcomes Kory Spiroff, the former vice president of Domino’s Pizza to its advisory team.
Kory Spiroff will be assisting FriesDAO in achieving its goal of connecting real-world operations with blockchain-based governance.
FriesDAO aspires to provide the crypto community with the opportunity to invest in community-run restaurant franchises. The FRIES token, which is based on Ethereum, is used to administer the DAO.
The funds raised through the community treasury, according to FriesDAO, will be utilized to buy and operate fast-food restaurant franchises.
It further claims that, while a restaurant’s profits are within its control, DAO governance can sway them to improve or expand to new locations.
FriesDAO is looking to collaborate with any brands that are willing to try new things. According to FriesDAO co-founder Bill ‘Swo’ Lee, the DAO is currently targeting Subway, Burger King, Popeye’s, and Domino’s Pizza.
Spiroff, according to FriesDAO, will offer a plethora of practical knowledge in restaurants’ day-to-day operations and will be guiding small businesses for their better growth.
Spiroff has worked in the restaurant industry for over 35 years. In 1985, he started his job delivering pizzas for Domino’s in Burbank, California.
He rose through the ranks and handled the company’s Europe, Middle East, and Africa business as the vice president by 2008.
Later, he went on to become the President of QSR for Alamar Foods Company, which owns the master franchise rights to the Domino’s and Dunkin’ franchises in the Middle East, Pakistan, and North Africa.
Fast-food chains and their connection with the crypto industry are very visible in recent times. Like the time when McDonald’s debuted its first NFT to celebrate McRib’s 40th anniversary. Then came Billionaire and Dogecoin enthusiast Elon Musk who tapped McDonald’s saying he will eat a happy meal on TV if they begin to accept DOGE as a payment method.