Blackbird’s layer-3 mainnet, Flynet, is built on Coinbase’s Base chain. The team claims that building a layer-3 for its program benefits the restaurant industry because it eliminates middlemen and reduces transaction costs.

The YLDS stablecoin, backed by prime money market funds, offers daily interest and 24/7 peer-to-peer transfers.

The product allows users to interact with decentralized applications using USDC only, ditching the need for native tokens.

Detroit also asked crypto entrepreneurs to pitch their ideas for blockchain-based “civic applications” to the city’s Director of Entrepreneurship and Economic Opportunity, Justin Onwenu.