The Future of Food Delivery: How Web3 Can Save the Industry

As the online food delivery industry continues to grow, projected to reach $1.85 trillion by 2029, it’s clear that something needs to change. The current web2 model is plagued by high fees, which disproportionately affect restaurants and consumers alike. It’s time to explore a more sustainable solution, one that puts web3 at the core of a service used by billions around the globe.

The Vicious Cycle of Fees

Consider this: your everyday multi-restaurant delivery app charges a fee of up to 30% for its services. This fee is paid by the restaurant, covering the use of the platform as well as marketing and promotions. However, this fee cuts into the restaurant’s already slim profit margins, making it difficult for them to sustain themselves.

  • The problem is exacerbated when the app throws these costs at the buyer instead, increasing the delivery cost by up to 20% more than dining in.
  • As a result, prices go up across the board, affecting both the app and the restaurants, and consumers are left picking up the bill for a bit of convenience.

The Need for a Web3 Solution

The web3 solution is DePIN, a decentralized physical infrastructure network that puts web3 at the core of a service used by billions. For all key stakeholders, from restaurants to stay-at-home foodies, the DePIN-powered delivery experience would be largely the same.

However, the main difference is that there is technically no middleman, resulting in lower fees for restaurants and consumers alike. Instead, a decentralized marketplace where restaurants offer real-world goods directly to customers, with DePIN’s network fee being considerably lower.

Benefits of DePIN

The DePIN model offers several benefits, including:

  • Lower prices for consumers and restaurants
  • Increased revenue for restaurants through transparent and trustless smart contracts
  • Community-focused growth model through token-based governance

The Future of Food Delivery

The rise of DePIN marks a pivotal moment in the food delivery industry, where web3 has a real chance to make a real impact on how we do everyday things. The web2 middlemen

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