what's Flynet?
Flynet is a layer-3 blockchain network built on top of the Base layer-2 chain, developed by Blackbird to power on-chain restaurant payments, loyalty programs, and data applications. It facilitates Blackbird Pay for settling meals with FLY tokens or USDC at a flat 2% fee, handles FLY token issuance/redemption for loyalty, supports developer-built data marketplaces and tools, and provides restaurants with a Guest Value Score system. Flynet eliminates intermediaries to reduce costs and give venues data control.
Flynet to launch FLY-F2 token swap platform and announce Q1 2026 F2 token unlock date.
Links
x.com/blackbirdCompleted the ArbOS 51 Dia upgrade, implementing multiple gas targets and improved fee dampening under high network load.
Added Move programming language support following the Stylus upgrade which already enabled Solidity, Rust, C, and C++ development.
Robinhood is migrating to its own Arbitrum stack chain later in 2026 after initially building on Arbitrum One.
Listed among notable social and consumer applications building on Arbitrum for 2026.
Will announce a Q1 2026 unlock date for F2 tokens.
Will launch a FLY to F2 token swap platform.
Participated in an interview event showcasing onchain builders from 2025 alongside Farcaster, Nook, and Zora.
LA market goes live with 50+ restaurants accepting check-ins and $FLY payments across Santa Monica and Venice, including Gjelina, Felix Trattoria, RVR, Beethoven Market, and Milo & Olive.
FLYNET volume surges 1000% since launch, with operations now live in Denver and San Francisco, and Los Angeles expansion planned next.
A crypto company is hiring forward deployed engineers to embed with Blackbird's team, indicating an active technical partnership or collaboration for building onchain infrastructure.
Team opens development to external collaborators, actively calling for outside developers to contribute to FLYNET's next phase of development through direct outreach.
Launches month-long "Oktoberquest" promotion offering $125 in $FLY tokens for $50 spent at 26+ participating NYC breweries and beer bars, representing a 2.5x promotional return to drive user engagement.
Current implementation includes extensive restaurant network and three-way referral system connecting influencers, restaurants, and diners, with tokens fixed at 100:1 USD ratio.
$75 airdrops being distributed to users for food payments in NYC via Arbitrum network.
Flynet infrastructure will be built on Celestia network.
Real-world implementation reveals critical user experience issues with payment processing system.
Secured $50M in latest funding round, representing largest raise among 25 projects last week.
$50M Series B funding secured from Spark Capital, a16z crypto, Coinbase Ventures, bringing total raised to $85M.
Closes $50M funding round led by Spark Capital, launching eat-to-earn ecosystem.
Secures $50M Series B funding round led by Spark Capital.
Series B funding round successfully completed, enabling US market expansion.
Crypto dining application secures $50M in new funding round led by restaurant industry veteran Ben Leventhal.
Flynet chain deploys on Base network, expanding cross-chain capabilities.
Building restaurant loyalty app on Base for earning status, perks and points.
FLY token claim process noted for clean UI. F2 token claims available.
Users farming for over a year, claiming airdrop. FLY token and F2 token claim available.
Launched Flynet mainnet on February 27, 2025 - a payment network for restaurants built on Arbitrum and settling on Base with Privy integration.