---
title: "How the Collapse of FTX Could Impact the Future of Cryptocurrency in Franchising"
url: https://burnaze.com/article/762c2c1e-8497-4cac-9f52-9c3583f8b7ba
source: "1851 Franchise"
original_url: https://1851franchise.com/how-the-collapse-of-ftx-could-impact-the-future-of-cryptocurrency-in-franchising-2720434
category: "Franchise Industry"
industry: "Franchise Industry"
topics: ["Technology"]
published: 2022-11-18T18:13:00.000Z
modified: 2026-11-01T02:11:16.385Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/d907b5555cfe8e5e0970ce533c8cfdad3021.jpg
---

# How the Collapse of FTX Could Impact the Future of Cryptocurrency in Franchising

**TL;DR:** The collapse of FTX, a $32 billion crypto exchange, may impact the future of cryptocurrency in franchising, with experts questioning its viability. Some franchisors, such as Send Me A Trainer and Chick'nCone, had recently begun exploring cryptocurrency and NFTs.

*originally published in 1851 Franchise on 2022-11-18. [Read the original](https://1851franchise.com/how-the-collapse-of-ftx-could-impact-the-future-of-cryptocurrency-in-franchising-2720434).*

## Story

Last week, the failure of crypto exchange FTX shocked the industry and made many experts wonder whether the end of cryptocurrency had finally arrived. The $32 billion company fell into bankruptcy basically overnight, coinciding with broader headwinds facing the tech industry due in large part to rising interest rates. Tech stocks have crashed, and nearly 800 tech companies have laid off more than 120,000 workers this year.

Over recent years, as interest in the blockchain gradually increased amongst the general public, several franchisors dipped their toes into the space by accepting Bitcoin as payment for franchising fees or offering limited NFTs to customers.

In April, for example, the fitness franchise Send Me A Trainer announced that new franchisees would receive a complementary NFT in celebration of their investment. Chicken franchise Chick’nCone launched the minting of their NFT Chick’nCOIN in February, which gave investors the opportunity to receive a portion of the franchise fees and royalties paid by the owner of a Chick’nCone restaurant opening in a particular trade area.

Now, with Bitcoin prices down 75% lower than their previous all-time high, many franchisors who were on the fence about entering the world of crypto may be wise to wait and see how everything plays out.

- Amazon Joins Long List of Tech Companies Laying Off Employees, Opening Up More Opportunities for Franchisors and Franchisees

## Entities

- 1851 Franchise (publication)
- franchising (topic)
- Amazon (company)
- Technology (sector)
- tech industry (topic)
- cryptocurrency (topic)
- nft (topic)
- bitcoin (topic)
- FTX (company)
- Send Me A Trainer (company)
- Chick'nCone (company)

---
Originally reported by 1851 Franchise (https://1851franchise.com/how-the-collapse-of-ftx-could-impact-the-future-of-cryptocurrency-in-franchising-2720434). Summarized by Burnaze (https://burnaze.com/article/762c2c1e-8497-4cac-9f52-9c3583f8b7ba).