The world of metaverse brought with it an enormous opportunity for digital creators, via digital art; more specifically with NFTs. Ever since the 5000 days was sold digital creators have been bringing more and more interesting NFTs for us, from football tournaments to some of the biggest institutions known to us; like Starbucks; introducing NFT collections for its users!
Stoked to be on an #Odyssey with @Starbucks and @0xPolygon and led by @Forum3_! This is going to be epic – already earning! pic.twitter.com/EDnn6fYI9O
— Chris🐐, 🗝 (@Chris_Hodltron) December 8, 2022
Back in September 2022, Starbucks announced that it is introducing Starbucks Odyssey, a new type of venture that is going to be powered by the innovative Web3 technology and will offer Starbucks Rewards members and Starbucks partners; i.e. their employees who are in the United States an opportunity to earn and purchase digital collectible assets. This new feature will also unlock access to various new benefits and offer new immersive coffee experiences.
Read more: Why major brands like Starbucks are building their Web3 projects on Polygon
Interesting Facts About The Starbucks NFTs
All of the Starbucks NFT stamps will be including a point value that will represent their uniqueness. The NFTs can be either bought or sold by members within a specialized marketplace. The Starbucks NFTs all come with artwork that is created by both Starbucks partners and outside parties.
According to the company definition, there will not be any need for any crypto assets to purchase Starbucks NFTs. Users will be able to buy them with only a credit card. A part of the proceeds collected from the NFT sale will be donated to some special causes that will be selected by the Starbucks Rewards members.
So, What is New?
As an effort to take things further, Starbucks has now introduced new coffee themed NFTs for the Beta users! The Starbucks customers will now get a chance to engage in activities called “Journeys”. Engaging in the activity will allow the members to earn NFTs as a result.
The Starbucks Odyssey functionalities that is based on Polygon are currently available only for the US beta testers.
This immersive activity called “Journeys” will be advertising the Starbucks brand along with educating the clients about coffee and the establishment’s history. The activities will be including various activities such as playing puzzles, watching videos, or taking quizzes.
what a partnership between @Starbucks @niftygateway @0xPolygon @Forum3_ 🫡
Custodial solutions from day1 for early onboarding it seems
already liking this and want to go get my first stamp pic.twitter.com/Oa0mHuYD2r
— Greg Norman Jr (@GregJrNorman) December 8, 2022
The co-founder and co-CEO of Forum3, Andy Sack previously commented that delighting the consumer with some unique digital experiences was the desire that sparked the idea to introduce the NFT program.
Forum3 with Starbucks helped in bringing the Odyssey project to life.
Source:CryptoPotato
What Are NFTs?
NFT is an acronym for a non-fungible token. It is a term that has two parts to it. The first, tokens – tokens or crypto is essentially a unit in a blockchain network that can be used to transfer value, eg. Bitcoin. A token by itself is fungible – meaning if you trade in a Bitcoin for someone else’s Bitcoin – you essentially have the same thing. Hence, each Bitcoin constitutes exactly the same value.
Read more, here.
