Starbucks Launches Polygon NFTs and Prices Reach Thousands

Share This Post

Starbucks takes a big step into the Web3 world with its new Polygon NFTs. Prices for these digital assets are already reaching thousands 

Starbucks Odyssey is the coffee chain’s rewards program that uses non-fungible tokens (NFTs) built on the Ethereum scaling network, Polygon. Although still in closed Beta, early adopters are already selling these NFT stamps for around $2k.

Quick Take: 

  • Despite being in closed Beta, Starbucks Odyssey sells 360 “Holiday Cheer Edition 1 Stamp” NFTs, with many selling for thousands on Nifty Gateway.
  •  Being the first of its kind, hard to get hold of, and opening generous rewards all play a big part in the high demand for the Holiday Stamps.
  •  Other Starbucks Stamp NFTs are currently in low demand, selling for around $69 – $285.
Polygon NFTs

The Buzz Behind Starbucks’ Polygon NFT Launch

Consumers are buzzing over Starbucks Odyssey NFTs Holiday Cheer Edition 1 Stamp. Around 5,000 of the digital assets were initially given away for free to Starbucks Odyssey members, who bought a gift card as a Christmas gift. However, they are now selling for thousands on Nifty Gateway and, following the hype, continue increasing in price.

The Holiday Cheer NFT is the first of its kind. Thus, the historical element of the digital asset plays a big part in the appeal.

Moreover, Starbucks only allows a limited number of users from its waitlist on its platform following being in Beta. Hence, those lucky enough to access the platform buy multiple at a time for investment purposes. Rarity plays a massive part in the stamps’ desirability.

Although only 360 stamps have been sold, the high cost of the assets means the coffee chain has made a whopping $143k in total volume sales. And this is just the beginning.

The NFTs open up the Starbucks Odyssey platform, where users can earn points by partaking in online trivia games and redeeming their points for stamps. Those with the most points can earn rewards, including access to private events, merchandise, and more.

Although Starbucks has released three similar NFTs, they are currently in low demand, selling for around $69 – $285.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.

spot_img

Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

Amazon NFT Project Is Set To Launch In Spring: What’s Coming?

Amazon is preparing to launch its first digital business...

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

Moonbirds New DAO, Lunar Society, Unlocks Brand Expansion

To boost brand expansion beyond Web3, Moonbirds is switching...