Flynet

Flynet is the Layer 3 network built by restaurant loyalty platform Blackbird, settling on Base and moving restaurant payments and membership rewards on-chain. It holds card fees to a flat 2%, of which 1.5% returns to the restaurant immediately for acquisition and retention, with checkout done by scan or one tap in the app.

Assets come in two layers: FLY is the in-app loyalty point, redeemable against bills or purchasable with USDC, and restaurants can also use it to pay platform fees; F2 is the network's gas and governance asset. On-chain records capture interactions among restaurant, diner and staff, which lets loyalty balances combine across venues into new reward designs. The network launched its mainnet in February 2025 across roughly 500 restaurants in New York, San Francisco and Charleston, and opened a developer portal for third parties to build data visualisation and marketing tools. Rebates settle per transaction, so a restaurant sees a lower rate rather than points; cross-store credit can offset a bill or be bought with USDC, with balance and history in one account.