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Top 10 Play-to-Earn Games To Invest in During 2023

Play-to-earn (P2E) games are blockchain-produced titles that reward gamers with digital cash or non-fungible tokens (NFTs) for overcoming challenges or…

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Play-to-earn (P2E) games are blockchain-produced titles that reward gamers with digital cash or non-fungible tokens (NFTs) for overcoming challenges or success in tournaments. Since the lockdowns of the COVID-19 pandemic, these GameFi titles have grown in popularity and are showing no sign of slowing down.

This makes crypto gaming one of the most attractive spheres for potential investors with good profits to be made, even during the current bear market that’s affecting the likes of BTC.

Here are 10 of the top companies offering play-to-earn games to invest in during 2023:

  • Metacade (MCADE)
  • The Sandbox (SAND)
  • Decentraland (MANA)
  • Axie Infinity (AXS)
  • Gods Unchained (GODS)
  • My DeFi Pet (DPET)
  • Alien Worlds (TLM)
  • Illuvium (ILV)
  • CryptoBlades (SKILL)
  • Silks (STT)

1. Metacade (MCADE)

Metacade is a blockchain-created multi-title virtual gaming arcade set to revolutionize the GameFi industry with its innovative and multi-layered roadmap. Boasting a vast array of addictive P2E titles as well as offering other earning opportunities for users, Metacade promises to be a leader as metaverse gaming continues to grow.

Highlights of the platform’s exciting white paper include the ground-breaking Metagrants scheme, which is a source of funding that gaming developers can apply for to turn gaming ideas into reality following a community vote, the jobs board launch in Q1 2024, which will host the best careers opportunity in Web3 and GameFi development, and the transition into a fully-functioning and self-sufficient decentralized autonomous organization (DAO) by Q4 2024.

With its beta presale phase raising $1.5 million in just over four weeks, Metacade is an excellent option for play-to-earn games to invest in during its presale. This investment will likely turn into a significant profit over the coming months and years.

>>> You can participate in the Metacade presale here <<<

2.The Sandbox (SAND)

The Sandbox is a decentralized blockchain hub that boasts excellent accessibility and doesn’t require an IT diploma. Gamers can build, create, share, and trade characters, games, and 3D metaverse worlds in a blocky aesthetic similar to Minecraft and Roblox.

It is one of the most easily useable blockchain gaming platforms, with its simple-to-use plug-and-play game creation moods being extremely simple to use. People with no background in coding can use this intuitive tool to create in-depth worlds and games for others on the platform to play.

The more users build, the better the earning potential to sell and trade NFTs. With around 50% of SAND tokens available for purchase, SAND’s already established popularity amongst crypto gamers makes it one of the most promising companies offering play-to-earn to invest in, with excellent potential profits to be realized.

3. Decentraland (MANA)

Decentraland is an open-world virtual reality space that allows users to purchase their own virtual real estate plots and create 3D worlds. Plots are available in the form of LAND tokens, and once they’ve been purchased, users can create anything they want, from opening an online store to earn MANA tokens to building a virtual theme park, as Warner Music has done.

The platform is a DAO meaning that the fully immersive virtual reality world is governed and led by its community users. This sets Decentraland apart from other virtual reality worlds in the metaverse since users vote on the world’s future direction and governance policies.

Decentraland’s metaverse is forever evolving with the creation of new projects and has attracted some big names to the platform in the world of popular culture and big business. Paris Hilton, JJ Lin, and JP Morgan are amongst those to have purchased virtual plots in Decentraland, having a knock-on impact on the price of specific nearby LAND tokens. These big names and the continual evolution of Decentraland’s environment make MANA a perfect option for anyone looking at companies offering play-to-earn games to invest in.

4. Axie Infinity (AXS)

One of P2E’s biggest titles, Axie Infinity, is a trade-and-battle game similar in style and tone to Pokemon Go. Gamers collect, raise, and breed Ethereum-minted NFTs called “Axies” before battling them against other online users, with the winner of each battle winning rewards.

There are dozens of different types of Axies gamers can choose from, and each of with comes with endless possibilities for customization and development. Rewards come in Smooth Love Potion (SLP) tokens, which can be sold for AXS coins, the game’s native token.

Although Axie Infinity’s user base has significantly declined during the current bear market from its high of 2.78 million at the start of 2022, leading to SLP losing more than 99% of its value, the game’s solid and loyal following in Southeast Asia assures the platform of an exciting future.

With more than 60% of the overall supply of AXS coins available to purchase as of December 2022, AXS looks like a good bet to rebound in 2023, making it an excellent choice crypto fans who are looking for companies with play-to-earn games to invest in.

5. Gods Unchained (GODS)

Gods Unchained is one of the metaverse’s most popular NFT trading games, which not only offers gamers excellent P2E opportunities but, unlike most GameFi titles, is also free to play. This makes it an excellent entry point for anyone looking for an introduction to metaverse gaming.

Gamers collect cards and compete against other players in battles and duels to earn rewards. Ethereum blockchain technology gives gamers digital ownership of their cards and allows them to manage, trade, and buy to provide them with the best chance of battle success.

The native coin of the platform is the GODS token, which allows players to purchase card packs and chests and create their own NFTs and stake tokens to gain rewards. This provides a much deeper gaming experience than traditional real-world card-trading games can offer. With plans to release seasonal game packs and a loyal customer base, GODS looks set to continue leading the Web3 competitive card trading space for some time.

6. My DeFi Pet (DPET)

DPET is the native token of My DeFi Pet, a blockchain-based game that allows users to raise virtual pets. Gamers of a particular vintage will remember Tamagotchis; My DeFi Pet expands that idea with the benefit of Web3 technology.

In addition to raising pets, gamers can buy, sell and trade pets on the in-game marketplace. Customized NFTs of their pets can be created with options including changing their color, eyes, and head shape, adding wings, and evolving their fur patterns.

DPET coins are used to buy items on the game’s website or in the marketplace to trade NFTs and buy pet food, clothes or accessories for pets. With just 16% of the 100 million DPET coins currently in circulation, there is an enormous opportunity for My DeFi Pet to grow in 2023 and for profit to be made by investors looking for play-to-earn games to invest in.

7. Alien Worlds (TLM)

Alien Worlds is the metaverse’s leading alien-based sci-fi adventure P2E game. The game’s objective is simple. Play, mine, and upgrade NFT alien species that can be used to find different items and give themselves the best chance of success.

Each player is given a shovel to begin mining the native coin, Tilium (TLM), on a chosen land plot. TLM is then used to acquire NFTs in the in-game trading space and can be staked in return for consultation on the game’s governance and decision-making process. There is also scope for TLM holders to gain passive income by renting their land, winning battles against other users, and through coin staking.

Approximately a third of the available supply of TLM coins is in circulation as of December 2022. With Alien Worlds leading the sci-fi GameFi experience, opportunities for play-to-earn games to invest in during 2023.

8. Illuvium (ILV)

Illuvium is a high-selling digital land and gaming platform for PC and Mac users. Using the Ethereum blockchain, users can play this sci-fi adventure game that allows the exploration of seven alien landscapes. The game’s object is to collect NFT creatures and battle against other users to gain rewards.

The game has more than 100 monsters that rule alien territories and can be collected, trained, and combined to make them more powerful. These creatures are called Illuvials. Rewards are provided to players in the form of ILV tokens for completing quests, competing in events and tournaments, and staking ILV on battles in the Leviathan Arena.

Illuvium’s enticing story arc likely attracts many new players in 2023, making it an attractive investment opportunity for P2E fans.

9. CryptoBlades (SKILL)

Cryptoblades is a Binance Smart Chain-hosted roleplaying game (RPG) that uses the SKILL token as the native coin. Players purchase SKILL tokens to purchase characters and buy or create weapons to take on opponents in battles.

The idea of the game is simple, create the most potent characters possible and win battles against enemies to earn rewards in the form of SKILL tokens. These tokens can be withdrawn, sold, or used to buy other in-game assets, such as weapons, to make them even more powerful.

More than 90% of the platform’s supply of one million tokens is currently in circulation, meaning that P2E investors interested in the potential of CryptoBlades as a company offering play-to-earn games to invest in need to act quickly to see a potential profit on their funds. 

10. Silks (STT)

Silks is an immersive metaverse fantasy horse racing game that allows gamers the opportunity to realize their racehorse ownership and training dreams. By tracking the development of a horse from its birth through to the racetrack, Silks’ unique Web3 offering has a huge potential audience to cultivate.

Players can breed, buy and trade horses on the in-game marketplace using STT tokens. Passive income can be earned through competing in horse races and winning prize money, just as in real life. With more than 10,000 horses available, each of which has its own identity and asset ownership, Silks has enormous gameplay depth.

In addition, players can buy land to build a horse farm, breed their own horses and share in the real-world success of their counterparts. Silks look set to break through in 2023 providing excellent returns for investors buying now.

In Summary

2023 is a year of continual growth in metaverse gaming, building on the successes of 2022 despite the sluggish crypto markets. While each of the ten P2E titles listed here has attractive selling points, Metacade looks to be the best bet for investors looking for opportunities in 2023.

The wide-ranging and multi-layered roadmap and plans to migrate into a fully-fledged DAO and the rich earning potential on the platform make Metacade a hugely attractive investment option. With the presale currently in the 1st phase and MCADE tokens available at $0.01, early profits are available for those that invest sooner rather than later as the price increases to $0.02 when the presale concludes.

You can buy the top P2E gaming tokens at eToro here.

You can participate in the Metacade presale here.

The post Top 10 Play-to-Earn Games To Invest in During 2023 appeared first on Invezz.

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Women’s basketball is gaining ground, but is March Madness ready to rival the men’s game?

The hype around Caitlin Clark, NCAA Women’s Basketball is unprecedented — but can its March Madness finally rival the Men’s?

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In March 2021, the world was struggling to find its legs amid the ongoing Covid-19 pandemic. Sports leagues were trying their best to keep going.

It started with the NBA creating a bubble in Orlando in late 2020, playing a full postseason in the confines of Disney World in arenas that were converted into gyms devoid of fans. Other leagues eventually allowed for limited capacity seating in stadiums, including the NCAA for its Men’s and Women’s Basketball tournaments.

The two tournaments were confined to two cities that year — instead of games normally played in different regions around the country: Indianapolis for the men and San Antonio for the women.

But a glaring difference between the men’s and women’s facilities was exposed by Oregon’s Sedona Prince on social media. The workout and practice area for the men was significantly larger than the women, whose weight room was just a single stack of dumbbells.

The video drew significant attention to the equity gaps between the Men’s and Women’s divisions, leading to a 114-page report by a civil rights law firm that detailed the inequities between the two and suggested ways to improve the NCAA’s efforts for the Women’s side. One of these suggestions was simply to give the Women’s Tournament the same March Madness moniker as the men, which it finally got in 2022.

But underneath the surface of these institutional changes, women’s basketball’s single-biggest success driver was already emerging out of the shadows.

During the same COVID-marred season, a rookie from Iowa led the league in scoring with 26.6 points per game.

Her name: Caitlin Clark.

Caitlin Clark has scored the most points and made the most threes in college basketball.

Matthew Holst&sol;Getty Images

As it stands today, Clark is the leading scorer in the history of college basketball — Men’s or Women’s. Her jaw-dropping shooting ability has fueled record viewership and ticket sales for Women’s collegiate games, carrying momentum to the March Madness tournament that has NBA legends like Kevin Garnett and Paul Pierce more excited for the Women’s March Madness than the Men’s this year.

Related: Ticket prices for Caitlin Clark's final college home game are insanely high

But as the NCAA tries to bridge the opportunities given to the two sides, can the hype around Clark be enough for the Women’s March Madness to bring in the same fandom as the Men for the 2024 tournaments?

TheStreet spoke with Jon Lewis of Sports Media Watch, who has been following sports viewership trends for the last two decades; Melissa Isaacson, a veteran sports journalist and longtime advocate of women’s basketball; and Pete Giorgio, Deloitte’s leader for Global and US Sports to dissect the rise Caitlin Clark and women’s collegiate hoops ahead of March Madness.

“Nobody is moving the needle like Caitlin Clark,” Lewis told TheStreet. “Nobody else in sports, period, right now, is fueling record numbers on all these different networks, driving viewership beyond what the norm has been for 20 years."

The Caitlin Clark Effect is real — but there are other reasons for the success of women's basketball

The game in which Clark broke the all-time college scoring record against Ohio State on Sunday, Mar. 3 was seen by an average of 3.4 million viewers on Fox, marking the first time a women’s game broke the two million viewership barrier since 2010. Viewership for that game came in just behind the men’s game between Michigan State vs Arizona game on Thanksgiving, which Lewis said was driven by NFL viewership on the same day.

A week later, Iowa’s Big Ten Championship win over Nebraska breached the three million viewers mark as well, and the team has also seen viewership numbers crack over 1.5 million viewers multiple times throughout the regular season.

The success on television has also translated to higher ticket prices, as tickets to watch Clark at home and on the road have breached hundreds of dollars and drawn long lines outside stadiums. Isaacson, who is a professor at Northwestern, said she went to the game between the Hawkeyes and Northwestern Wildcats — which was the first sellout in school history for the team — and witnessed the effect of Clark in person.

“Standing in line interviewing people at the Northwestern game, seeing men who've never been to a women's game with their little girls watching and so excited, and seeing Caitlin and her engaging with little girls, it’s just been really fun,” Isaacson said.

But while Clark is certainly the biggest success driver, her game isn’t the only thing pulling up the women’s side. The three-point revolution, which started in the NBA with the introduction of deeper analytics as well as the rise of stars like Steph Curry, has been a positive for the Women’s game.

“They backed up to the three-point line and it’s opening up the game,” Isaacson said.

One of the major criticisms from a lot of women’s hoops detractors has been how the game does not compare in terms of quality to the men. However, shooting has become a great equalizer, displayed recently during the 2024 NBA All-Star Weekend last month when the WNBA’s Sabrina Ionescu nearly defeated Curry — who is widely considered the greatest shooter ever — in a three-point contest.

Clark has become the embodiment of the three-point revolution for the women. Her shooting displays have demanded the respect of anyone who has doubted women’s basketball in the past because being a man simply doesn’t grant someone the ability to shoot long-distance bombs the way she can.

Basketball pundit Bill Simmons admitted on a Feb. 28 episode of “The Bill Simmons Podcast” that he used to not want to watch women’s basketball because he didn’t enjoy watching the product, but finds himself following the women’s game this year more than the men’s side in large part due to Clark.

“I think she has the chance to be the most fun basketball player, male or female, when she gets to the pros,” Simmons said. “If she’s going to make the same 30-footers, routinely. It’s basically all the same Curry stuff just with a female … I would like watching her play in any format.”

But while Clark is driving up the numbers at the top, she’s not the only one carrying the greatness of the product. Lewis, Isaacson, Giorgio — and even Simmons, on his podcast — agreed that there are several other names and collegiate programs pulling in fans.

“It’s not just Iowa, it’s not just Caitlin Clark, it’s all of these teams,” Giorgio said. “Part of it is Angel Reese … coaches like Dawn Staley in South Carolina … You’ve got great stories left and right.”

LSU's Angel Reese (right) and her head coach Kim Mulkey are two of the biggest names in Women's college hoops. 

Eakin Howard&sol;Getty Images

The viewership showed that as well because the SEC Championship game between the LSU Tigers and University of South Carolina Gamecocks on Sunday, Mar. 10 averaged two million viewers.

Bridging the gap between the Men’s and Women’s March Madness viewership

The first reason women are catching up to the men is really star power. While the Women’s division has names like Clark and Reese, there just aren’t any names on the Men’s side this year that carry the same weight.

Garnett said on his show that he can’t name any men’s college basketball players, while on the women’s side, he could easily throw out the likes of Clark, Reese, UConn’s Paige Bueckers, and USC’s JuJu Watkins. Lewis felt the same.

“The stars in the men's game, with one and done, I genuinely couldn't give you a single name of a single men’s player,” Lewis said.

A major reason for this is that the Women’s side has the continuity that the Men’s side does not. The rules of the NBA allow for players to play just one year in college — or even play a year professionally elsewhere — before entering the draft, while the WNBA requires players to be 22-years-old during the year of the draft to be eligible.

“You know the stars in the women's game because they stay longer,” Lewis said. “[In the men’s game], the programs are the stars … In the women's game, it's a lot more like the NBA where the players are the stars.”

Parity is also a massive factor on both sides. The women’s game used to be dominated by a few schools like UConn and Notre Dame. Nowadays, between LSU, Iowa, University of South Carolina, Stanford, and UConn, there are a handful of schools that have a shot to win the entire tournament. While this is more exciting for fans, the talent in the women's game isn’t deep enough, so too many upsets are unlikely. Many of the biggest draws are still expected to make deep runs.

But on the men’s side, there is a bigger shot that the smaller programs make it to the end — which is what was seen last year. UConn eventually won the whole thing, but schools without as big of a national fanbase in San Diego State, Florida Atlantic University, and the University Miami rounded out the Final Four.

“People want to see one Cinderella,” Lewis said. “They don't want to see two and three, they want one team that isn't supposed to be there.”

Is Women's March Madness ready to overtake the Men?

Social media might feel like it’s giving more traction to the Women’s game, but experts don’t necessarily expect that to show up in the viewership numbers just yet.

“There’s certainly a lot more buzz than there used to be,” Giorgio said. “It’s been growing every year for not just the past few years but for 10 years, but it’s hard to compare it versus Men’s.”

But the gap continues to get smaller and smaller between the two sides, and this year's tournament could bridge that gap even further.

One indicator is ticket prices. For the NCAA Tournament Final Four in April, “get-in” ticket prices are currently more expensive for the Women’s game than the Men’s game, according to TickPick. The ticketing site also projects that the Women’s Final Four and Championship game ticket prices will smash any previous records for the Women’s side should Clark and the Hawkeyes make a run to the end.

NCAA "get-in" price comparison.

Getty Images&sol;TheStreet

The caveat is that the Women’s Final Four is played in a stadium that has less than a third of the seating capacity of the Men’s Final Four. That’s why the average ticket prices are still more expensive for the men, although the gap is a lot smaller this year than in previous years.

The gap between the average ticket prices of the Final Four tournaments is getting smaller.

But that caveat pretty much sums up where the women’s game currently stands versus the men’s: There is still a significant gap between the distribution and availability of the former.

While Iowa’s regular season games have garnered millions of viewers, the majority of the most-viewed games are still Men’s contests.

To illustrate the gap between the men’s and women’s game — last year’s Women’s Championship game that saw the LSU Tigers defeat the Hawkeyes was a record-breaking one for the women, drawing an average of 9.9 million viewers, more than double the viewership from the previous year.

One of the main reasons for that increase, as Lewis pointed out, is that last year’s Championship game was on ABC, which was the first time since 1995 that the Women’s Championship game was on broadcast television. The 1995 contest between UConn and Tennessee drew 7.4 million viewers.

The Men’s Championship actually had a record low in viewership last year garnering only 14.7 million viewers, driven in-part due to a lack of hype surrounding the schools that made it to the Final Four and Championship game. Viewership for the Men’s title game has been trending down in recent years — partly due to the effect the pandemic had on collective sports viewership — but the Men’s side had been easily breaching 20 million viewers for the game as recently as 2017.

The 2023 Women's National Championship was the most-viewed game ever, while the Men's Championship was the division's least watched. 

Iowa's Big Ten Championship win on Sunday actually only averaged 6,000 fewer viewers than the iconic rivalry game between Duke and University of North Carolina Men’s Basketball the day prior. However, there is also the case that the Iowa game was played on broadcast TV (CBS) versus the Duke-UNC game airing on cable channel (ESPN).

So historical precedence makes it unlikely that we’ll see the women’s game match the men’s in terms of viewership as early as this year barring another massive viewership jump for the women and a lack of recovery for the Men’s side.

But ultimately, this shouldn’t be looked at as a down point for Women’s Basketball, according to Lewis. The Men’s side has built its viewership base for years, and the Women’s side is still growing. Even keeping pace with the Men’s viewership is already a great sign.

“The fact that these games have Caitlin Clark are even in the conversation with men's games, in terms of viewership is a huge deal,” Lewis said.

Related: Angel Reese makes bold statement for avoiding late game scuffle in championship game

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One city held a mass passport-getting event

A New Orleans congressman organized a way for people to apply for their passports en masse.

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While the number of Americans who do not have a passport has dropped steadily from more than 80% in 1990 to just over 50% now, a lack of knowledge around passport requirements still keeps a significant portion of the population away from international travel.

Over the four years that passed since the start of covid-19, passport offices have also been dealing with significant backlog due to the high numbers of people who were looking to get a passport post-pandemic. 

Related: Here is why it is (still) taking forever to get a passport

To deal with these concurrent issues, the U.S. State Department recently held a mass passport-getting event in the city of New Orleans. Called the "Passport Acceptance Event," the gathering was held at a local auditorium and invited residents of Louisiana’s 2nd Congressional District to complete a passport application on-site with the help of staff and government workers.

A passport case shows the seal featured on American passports.

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'Come apply for your passport, no appointment is required'

"Hey #LA02," Rep. Troy A. Carter Sr. (D-LA), whose office co-hosted the event alongside the city of New Orleans, wrote to his followers on Instagram  (META) . "My office is providing passport services at our #PassportAcceptance event. Come apply for your passport, no appointment is required."

More Travel:

The event was held on March 14 from 10 a.m. to 1 p.m. While it was designed for those who are already eligible for U.S. citizenship rather than as a way to help non-citizens with immigration questions, it helped those completing the application for the first time fill out forms and make sure they have the photographs and identity documents they need. The passport offices in New Orleans where one would normally have to bring already-completed forms have also been dealing with lines and would require one to book spots weeks in advance.

These are the countries with the highest-ranking passports in 2024

According to Carter Sr.'s communications team, those who submitted their passport application at the event also received expedited processing of two to three weeks (according to the State Department's website, times for regular processing are currently six to eight weeks).

While Carter Sr.'s office has not released the numbers of people who applied for a passport on March 14, photos from the event show that many took advantage of the opportunity to apply for a passport in a group setting and get expedited processing.

Every couple of months, a new ranking agency puts together a list of the most and least powerful passports in the world based on factors such as visa-free travel and opportunities for cross-border business.

In January, global citizenship and financial advisory firm Arton Capital identified United Arab Emirates as having the most powerful passport in 2024. While the United States topped the list of one such ranking in 2014, worsening relations with a number of countries as well as stricter immigration rules even as other countries have taken strides to create opportunities for investors and digital nomads caused the American passport to slip in recent years.

A UAE passport grants holders visa-free or visa-on-arrival access to 180 of the world’s 198 countries (this calculation includes disputed territories such as Kosovo and Western Sahara) while Americans currently have the same access to 151 countries.

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Fast-food chain closes restaurants after Chapter 11 bankruptcy

Several major fast-food chains recently have struggled to keep restaurants open.

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Competition in the fast-food space has been brutal as operators deal with inflation, consumers who are worried about the economy and their jobs and, in recent months, the falling cost of eating at home. 

Add in that many fast-food chains took on more debt during the covid pandemic and that labor costs are rising, and you have a perfect storm of problems. 

It's a situation where Restaurant Brands International (QSR) has suffered as much as any company.  

Related: Wendy's menu drops a fan favorite item, adds something new

Three major Burger King franchise operators filed for bankruptcy in 2023, and the chain saw hundreds of stores close. It also saw multiple Popeyes franchisees move into bankruptcy, with dozens of locations closing.

RBI also stepped in and purchased one of its key franchisees.

"Carrols is the largest Burger King franchisee in the United States today, operating 1,022 Burger King restaurants in 23 states that generated approximately $1.8 billion of system sales during the 12 months ended Sept. 30, 2023," RBI said in a news release. Carrols also owns and operates 60 Popeyes restaurants in six states." 

The multichain company made the move after two of its large franchisees, Premier Kings and Meridian, saw multiple locations not purchased when they reached auction after Chapter 11 bankruptcy filings. In that case, RBI bought select locations but allowed others to close.

Burger King lost hundreds of restaurants in 2023.

Image source&colon; Chen Jianli&sol;Xinhua via Getty

Another fast-food chain faces bankruptcy problems

Bojangles may not be as big a name as Burger King or Popeye's, but it's a popular chain with more than 800 restaurants in eight states.

"Bojangles is a Carolina-born restaurant chain specializing in craveable Southern chicken, biscuits and tea made fresh daily from real recipes, and with a friendly smile," the chain says on its website. "Founded in 1977 as a single location in Charlotte, our beloved brand continues to grow nationwide."

Like RBI, Bojangles uses a franchise model, which makes it dependent on the financial health of its operators. The company ultimately saw all its Maryland locations close due to the financial situation of one of its franchisees.

Unlike. RBI, Bojangles is not public — it was taken private by Durational Capital Management LP and Jordan Co. in 2018 — which means the company does not disclose its financial information to the public. 

That makes it hard to know whether overall softness for the brand contributed to the chain seeing its five Maryland locations after a Chapter 11 bankruptcy filing.

Bojangles has a messy bankruptcy situation

Even though the locations still appear on the Bojangles website, they have been shuttered since late 2023. The locations were operated by Salim Kakakhail and Yavir Akbar Durranni. The partners operated under a variety of LLCs, including ABS Network, according to local news channel WUSA9

The station reported that the owners face a state investigation over complaints of wage theft and fraudulent W2s. In November Durranni and ABS Network filed for bankruptcy in New Jersey, WUSA9 reported.

"Not only do former employees say these men owe them money, WUSA9 learned the former owners owe the state, too, and have over $69,000 in back property taxes."

Former employees also say that the restaurant would regularly purchase fried chicken from Popeyes and Safeway when it ran out in their stores, the station reported. 

Bojangles sent the station a comment on the situation.

"The franchisee is no longer in the Bojangles system," the company said. "However, it is important to note in your coverage that franchisees are independent business owners who are licensed to operate a brand but have autonomy over many aspects of their business, including hiring employees and payroll responsibilities."

Kakakhail and Durranni did not respond to multiple requests for comment from WUSA9.

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