It has been reported that it has turned out, its new “NFT” is neither nonfungible nor a token. The pancake chain’s initial made to sound like it was entering Web3 with a nonfungible token (NFT) drop, was met with a mixed response.
However, one Web3 supporter said, ”kudos to IHOP for having the courage to be on the leading edge and innovating for the future,” while others threatened to unfollow the restaurant’s Twitter account.
The report said that when the food chain finally revealed its “NFT” on October 10, it turned out it was in fact the chain’s “New French Toast” menu item, adding it is “Thick, Fluffy and extremely fungible.“
Thus, Twitter users shared a laugh over the chain’s devious ploy to sell more toast, though one Crypto Twitter commented that “they’re missing out on an opportunity to be a part of history” and getting “iHop.eth early.”