HomeTrending NewsMastercard's NFT Product Lead Resigns, Leaves Behind a Surprising Farewell Gift

Mastercard’s NFT Product Lead Resigns, Leaves Behind a Surprising Farewell Gift


Satvik Sethi. Supply: sxtvik / Twitter

Satvik Sethi, the previous Non-Fungible Token (NFT) Product Lead at Mastercard, has made a novel and becoming resignation announcement. On Thursday, Sethi stunned the NFT group by minting his resignation letter as an NFT, showcasing his experience within the subject and leaving a long-lasting impression.

“I have resigned from Mastercard,” Sethi mentioned to open his Twitter thread on the subject on February 2. He famous that, for the previous 12 months, he had served because the NFT Product Lead on the firm, the place he “evangelized Web3 for Mastercard leadership & regional teams, as well as all our Fortune 500 clients & partners.”

Sethi determined to mint his resignation letter as an open-edition NFT on Ethereum by way of the digital collectibles protocol Manifold. This challenge known as “New Beginnings”. The worth is ETH 0,023, and 100% of the proceeds “go to survival,” he mentioned. By the point of writing, there have been 64 whole minted NFTs.

The letter spoke of Sethi’s ardour for Web3 and its potential, of helpful experiences gained at Mastercard and people who had led him to monetary struggles. 

Supply: https://app.manifold.xyz/c/freshstart

Working at Mastercard, dwelling in Airbnb

Sethi’s letter and Twitter thread described the struggles he needed to face, regardless of working for such a huge firm.

After shifting from New York to London, he mentioned, resulting from sure visa points, his wage was “cut by 40% with my workload increasing 200%” – forcing him to work facet jobs to make ends meet.

Sethi claimed that,

“At Mastercard, I was a victim of harassment & emotional distress caused by a series of mismanaged processes, miscommunication, internal inefficiency. There were months at a time when I wouldn’t receive my salary until I begged across the hierarchy for it, among many other issues.”

Amongst different claims in his letter, Sethi mentioned that, due to the wage lower, as a single-income immigrant in London, he was ineligible for housing, writing:

“I have had to move from Airbnb to Airbnb for over a year.”

Extra points arose when Sethi tried to resign and when he lastly did so.

In relation to his future, Sethi mentioned that he can be based mostly in India for some time, till he is ready to discover appropriate employment. He can now not keep within the UK, as he misplaced his work visa after quitting his job.

Whereas he’s prone to cope with extra points this case has introduced on, he mentioned he would give attention to his artwork and on his personal Web3 social networking and community-building website joincircle. The location has over 90,000 signups, he mentioned, in addition to greater than 35 accomplice communities.

In the meantime, Mastercard has been slowly coming into the world of Web3 and NFTs, significantly during the last 12 months. As reported final June, the corporate mentioned it will start enabling NFT buying and selling for a spread of crypto-ecosystem platforms, together with {the marketplace} Immutable X, Sweet Digital, the metaverse gaming title The Sandbox, Mintable, Spring, the Nifty Gateway, and the Web3 infrastructure supplier MoonPay.


Study extra: 
Mastercard CEO: ‘Long Way to Go Before Crypto Becomes Mainstream’
Mastercard Launches Begin Path Crypto

Mastercard Trying to Make Cryptocurrencies On a regular basis Approach to Pay
Mastercard to Launch Crypto Safe


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