TLDR Crypto · INNOVATION & LAUNCHES

INTRODUCING FLYNET: BLACKBIRD'S ONCHAIN TRANSACTION NETWORK

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Summary from the TLDR Crypto newsletter

Blackbird has launched Flynet, a Layer 3 built on Coinbase's new Base Appchain technology. The network aims to help restaurants retain more value from commerce while building connectivity between establishments, customers, and workers through a decentralized system. Flynet offers a flat 2% transaction fee, greater control over customer data, seamless payment experiences through the Blackbird app, and new loyalty program opportunities. The network's token, F2, will be distributed to existing Blackbird users who have earned FLY rewards. Flynet currently boasts over 10,000 daily transactions and more than 107,000 wallets holding FLY.