Tag: NFT Memberships

NFT Restaurant Sho Scrapped Amid San Francisco’s Decline

The anticipated luxury Sho restaurant in San Francisco, which planned to offer exclusive NFT memberships, has been scrapped. Sho’s CEO Joshua Sigel cited concerns including rising construction costs and worries over San Francisco’s future as reasons. The restaurant was touted as a fine dining Japanese experience atop Salesforce Park. Its NFT memberships ranging up to $300,000 offered tiered perks and trading potential. However, permits were never obtained and only around 100 NFTs were presold before the project was canceled. The dissolution reveals challenges facing ambitious projects in San Francisco’s declining landscape.