Cordia Corporation (OTCMKTS: CORG) is moving in a range after announcing the Crypto Food Hall NFT Chef Collection launch. www.cryptofoodhall.comand www.opensea.com/cryptofoodhallare currently selling the NFT collection.
Market Reaction
On Tuesday, CORG stock ended flat at $0.17 with 33k shares, compared to its average volume of 7.4k shares. The stock moved within a range of $0.1700 – 0.1700 after opening trade at $0.17.
Former Restaurateur Launches NFTs to Assist Indie Restaurants
The Crypto Food Hall collection is a digital food hall that employs 1000 different cooks. Independent restaurants purchasing a chef will receive one year of free admission to star virtual restaurants, cryptocurrency marketing assistance, brand exposure to the NFT community, and the possibility of selling virtual gift vouchers to Cordia. In addition, foodies will be able to acquire gift vouchers from partner restaurants and learn about crypto-friendly eateries all across the world.
The company has promised to put 20% of all resale revenues toward purchasing gift vouchers from individual restaurants owning one of the NFT collections. The vouchers will be awarded randomly to participants of the Crypto Food Hall Discord forum who have subscribed. McDonald’s, Panera Bread, and Chipotle are some of the restaurants that have revealed intentions to include NFTs into their ordering, marketing, and loyalty programs.So in the coming weeks, CORG is worth watching.
Key Quote
“The restaurant environment is as challenging today as it has ever been. Most independent restaurants are barely hanging on. A few new customers can literally make the difference between closing for good and surviving. Our Chef collection is a fantastic and inexpensive first step for restaurants to get exposure to NFTs and the growing cryptocurrency community,” said Peter Klamka CEO of Cordia Corporation and former owner of independent restaurants.
Traders Review
CORG stock is trading above the 20-Day and 50-Day Moving averages of $0.1695 and $0.1648 respectively. Moreover, the stock is trading above the 10-Day moving average of $0.17.
