World’s First NFT Restaurant: A Case of FLyfish Club

Abstract

<p align="justify">Flyfish Club, located in the bustling heart of Manhattan New York, offers membership via NFT tokens traded on Ethereum, granting access to curated dining and events. Despite raising $14.8 million pre-opening, the club faced SEC sanctions for unregistered securities sales. Legal, technological, and volatility challenges led to a shift toward traditional paid memberships. <p align="justify">位于纽约曼哈顿繁华中心的 Flyfish Club 通过在以太坊（Ethereum）上交易的 NFT 代币提供会员资格，使会员能够享受精心策划的餐饮与活动。尽管在开业前募集了 1480 万美元，该俱乐部仍因涉嫌销售未注册证券而面临美国证券交易委员会（SEC）的处罚。法律、技术以及市场波动性带来的挑战，最终促使其转向传统的付费会员制。