Starbucks Leverages Polygon for Web3 Push, Coffeehouse Chain to Issue NFT Stamps

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.

Timeline of Polygon

Starbucks will work with the Ethereum second layer solution Polygon on their non-fungible token (NFT) loyalty program, called “Odyssey”. Announced over 5 months ago, the initiative coincides with the return of the company's founder Howard Schultz as CEO and with in-house issues.

Starbucks has announced it will launch its official NFT Rewards loyalty program tagged “Starbucks Odyssey” on Ethereum's (ETH) layer2 Polygon (MATIC) network later this year. The post Starbucks launches NFT loyalty program on Polygon appeared first on CryptoSlate.

Starbucks is launching its new Web3 venture dubbed Starbucks Odyssey  Under this new venture, users will be able to trade new NFT stamps which will enable them to explore new rewards and “immersive virtual experiences.”  Beverage giant Starbucks has finally unveiled its much-awaited web3 venture dubbed Starbucks Odyssey which will permit users to unlock unique digital rewards and experiences.

On Monday (September 12), Starbucks, the largest coffeehouse chain in the world, introduced “Starbucks Odyssey”, which will give Starbucks Rewards members and Starbucks employees in the U.S. the chance to earn and buy NFTs that will “unlock access to new benefits and immersive coffee experiences.

The announcement is likely to feature in much of Starbucks' investor presentation, which is due to take place on Tuesday.  The post Polygon chosen for Starbucks web3 ‘odyssey' appeared first on The Block.

The multinational coffeehouse chain has unveiled Starbucks Odyssey, allowing customers to purchase digital collectible stamps in NFT form that offer benefits and immersive experiences

Polygon's native cryptocurrency MATIC has done a good job of retaining most of its gains since it pivoted in June. Its price latest action introduces a degree of uncertainty especially now that it has been trading along an ascending support line.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject Are you unhappy as a MATIC holder? Well, chances are you are.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. The USDT Dominance metric stood at 6.63% at the time of writing.

Polygon [MATIC] in a recent announcement dated 7 September, stated that their operations would be greener after the Ethereum [ETH] Merge. With ETH shifting to Proof of Stake (PoS), the Polygon team estimated that 99.91% of their carbon emissions will be reduced.