On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company’s U.S. employees with the opportunity to earn non-fungible token (NFT) assets.
Coffeehouse Company Announces Web3 Platform Starbucks Odyssey
Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. “[The] new Starbucks Odyssey experience will offer members the ability to earn and buy digital collectible stamps (NFTs) that will unlock access to new, immersive coffee experiences,” the company’s corporate stories and news page notes. “As one of the first companies to integrate NFTs with an industry-leading loyalty program at scale, Starbucks will create an accessible Web3 community that will enable new ways to engage with members and partners (employees).”
This one-of-a-kind loyalty program experience is powered by the low fees and high transaction speeds on the Polygon PoS network.
Starbucks Odyssey Experience to Launch ‘Later This Year’
Starting today, Starbucks customers and employees can join the waitlist in order to get an exclusive invitation to the Starbucks Odyssey experience. The company says the platform will be launching live “later this year.” Ryan Butz, the vice president of loyalty, strategy and marketing for Starbucks says the technology is well positioned with the company’s sustainability goals.
“Building Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority,” Butz noted in a statement on Monday. We took a very thoughtful and thorough approach when evaluating which blockchain to utilize and Polygon’s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community,” the vice president of loyalty rewards mentioned.
What do you think about Starbucks partnering with Polygon? Let us know what you think about this subject in the comments section below.
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based token incentives. Golden Raises $40 Million […]
In recent times, non-fungible tokens (NFTs) and their physical counterparts have started to debut at well known retail stores and luxury boutiques. On October 4, the NFT project called Veefriends revealed that the team is launching its limited edition series of collectible characters exclusively at Macy’s and Toys”R”Us. Veefriends holds the 20th position in terms […]
The post Here’s How LUNC Price Could Be Following The Footsteps Of The SHIB Price appeared first on Coinpedia Fintech News
Terra Classic’s price today is $ 0.000322 with a 24-hour trading volume of $ 1.03B, a market cap of $ 1.98B, and market dominance of 0.21%. The LUNC price has decreased -2.44% in the last 24 hours. Terra Classic reached its highest price on Apr 5, 2022, when it was trading at $119.01. However, and …
The post Cardano Price Forecast – What’s in Store For ADA Price This October appeared first on Coinpedia Fintech News
Following the two firm rejections that the price movement of Cardano (ADA) experienced in the previous two weeks, the price is in danger of ending the week in the red once more. When the buyers hold the $0.42 support level, the bulls’ pressure may cause the price to break up $0.46, at which point the …
Popular crypto wallet MetaMask has introduced a new dapp that lets users check and manage their entire portfolio at once. Crypto Wallet MetaMask Has Launched A Beta Portfolio Dapp As announced by the wallet in a blogpost, the new decentralized app (dapp) helps users monitor both their cryptocurrency and non-fungible token portfolios. MetaMask is one […]
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […]