HomeTrending NewsStarbucks Polygon NFTs are selling for thousands

Starbucks Polygon NFTs are selling for thousands


Starbucks Odyssey, the espresso chain’s NFT-powered rewards program primarily based on the Ethereum scaling community Polygon, remains to be in closed beta, however early customers are already buying and selling NFT stamps for about $2,000 every.

For the reason that beta model of Starbucks Odyssey got here out in December, its stamp NFTs have been offered 360 instances on the official secondary market of Nifty Gateway, for a complete of over $143,000. This quantity is about what you’d count on, for the reason that company has solely set free 4 NFT drops and solely a small variety of waitlist candidates have been accepted.

What’s shocking, although, is that some Starbucks NFTs have a excessive flooring value, which is the value of the least costly listed asset. As of this writing, the present flooring value on Nifty Gateway for a “Christmas Cheer Edition 1 Stamp” Polygon NFT is simply over $2,000 This single NFT drop makes up 80% of all of the NFTs Starbucks has traded available on the market to date.

Because the Polygon NFT Rewards Platform is rolled out, Starbucks has seen “unprecedented interest.”

The Vacation Cheer Version 1 stamp was solely made in 5,000 copies. It was speculated to be given away free of charge to Starbucks Odyssey members who did the required variety of duties and purchased a vacation present card. Now, although, it may be purchased for as a lot as $1,900, and the bottom value is even increased.

The truth that it’s Starbucks’s first NFT and that it got here out on December 16 might make it extra interesting. Others appear to be betting that the NFT will go up in worth sooner or later and are promoting them at a better value. Some prospects purchase greater than one of many identical NFT, doubtless as a result of they assume they’ll promote them for a revenue.

Starbucks’ three different NFT drops have flooring costs that vary from $69 to $285, which reveals that they don’t seem to be as standard.

Do individuals who personal Starbucks NFTs get real-world advantages? Entry to non-public occasions and journeys to different international locations have been promised, however neither has occurred but. Odyssey customers can earn factors that they’ll use to purchase NFT stamps by doing issues like taking on-line trivia challenges. Customers may earn factors that can be utilized to unlock NFTs by shopping for drinks at Starbucks.

Starbucks plans to promote premium NFTs which can be made in restricted portions sooner or later. For the time being, nobody is aware of when Starbucks will let the general public use the Odyssey platform.

Content material Supply: information.yahoo.com

Cowl Picture Supply: yahoo.com

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and comparable subjects.


Please enter your comment!
Please enter your name here


Lotte and Hyundai Exit NFT Market as Korean Retailers Refocus on Core Business

A number of main retail firms in South Korea, similar to Lotte and Hyundai, have introduced their departure from the non-fungible token (NFT) market....

Former Goldman Sachs Exec Joins Anchorage Digital’s Board of Directors

Anchorage Digital is the one crypto financial institution at the moment chartered by the Workplace of the Comptroller of the Forex (OCC). Different establishments,...

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has turn into an more and more standard approach for cryptocurrency holders to earn passive earnings by staking rewards. On this information,...

Gamee expands Wat Protocol as wallets surge to over 2 million

Though Animoca Manufacturers’ hypercasual gaming ecosystem Gamee was working video games on social app Telegram previous to its transfer into web3, the gaming community...

Most Popular