Cointime

Download App
iOS & Android

Starbucks Claims NFT Project Is Showing Success

Cointime Official

Starbucks has launched its NFT-driven rewards program Starbucks Odyssey in beta.

• The platform will add more users in January and implement a marketplace that enables trading along with buying limited-edition NFTs.

• Starbucks says that demand for the platform so far has been “unprecedented” and the response from customers has been “overwhelming”.

• First announced in September, Starbucks Odyssey builds upon the firm’s existing Starbucks Rewards initiative, but with a Web3 twist. Users can earn rewards points for buying food and drinks at stores, but also for participating in activities via the Odyssey mobile app, such as quizzes and other digital experiences.

• In 2023, Starbucks Odyssey will launch its NFT marketplace powered by Nifty Gateway, letting users buy and sell their Journey Stamps, as well as purchase limited-edition NFTs created in collaboration with company partners.

Starbucks Odyssey has launched in Beta, and coffee lovers have something new to be excited about. Starbucks is no stranger to innovation, as it strives constantly to be at the forefront of customer engagement. With its initiative for non-fungible tokens (NFTs), it’s continuing with its tradition of reinventing the way customers interact with brands. The rewards are sure to benefit both customers and Starbucks by providing users with exclusive discounts and offers that only those who hold NFTs can redeem.

What is Starbucks Odyssey?

Starbucks Odyssey is a mobile-based experience that offers customers exclusive rewards for their loyalty and engagement. The platform allows customers to participate in quizzes and other digital experiences in order to earn points which can then be used to purchase rewards like free drinks or food items. Moreover, starting in 2023, customers will be able to buy and sell limited edition NFTs (non-fungible tokens) on the Nifty Gateway Marketplace. These tokens are created in collaboration with company partners such as AT&T and Microsoft.

NFT-Driven Rewards Program Overview

The initial rollout of Starbucks Odyssey includes an innovative rewards program that allows customers to collect digital Journey Stamps by engaging with the app’s various features. Customers who collect enough stamps can redeem them for special discounts or exclusive merchandise. Additionally, at select locations, customers can use their phones to scan QR codes for additional rewards or discounts on merchandise or food items from partner companies such as AT&T and Microsoft.

In addition to earning points through interactive experiences within the app, users will also be able to buy rare NFTs created by company partners via the Nifty Gateway marketplace in 2023. These tokens represent ownership of certain digital assets and offer access to exclusive content or events not available anywhere else.

Initial Response to Beta Launch of Starbucks Odyssey

Starbucks claims the initial response from customers has been overwhelmingly positive; since its beta launch last month, there have been unprecedented levels of demand for the platform due to its unique rewards program and innovative features such as QR code scanning at select locations. Customers have praised the platform for providing them with more ways than ever before to engage with the Starbucks brand while simultaneously earning valuable rewards for their loyalty.

In time for the holidays

In conclusion, Starbucks Odyssey is a revolutionary new platform offering exclusive rewards for customer loyalty & engagement through digital experiences & quizzes as well as limited edition NFTs created in collaboration with company partners like AT&T & Microsoft. The initial response from customers has been overwhelmingly positive; since its beta launch last month there have been unprecedented levels of demand due its unique features & reward system which allow users to gain access to exclusive content or events not available anywhere else while also collecting valuable discounts & freebies from partner companies like AT&T & Microsoft at select locations. Use this amazing platform today!

(By Metafihack)

NFT
Comments

All Comments

Recommended for you

  • SK Hynix Plans 100 Trillion Won Shareholder Returns by 2026

    On October 28, regulatory filings revealed that SK Hynix plans to distribute at least 30 trillion won in cash dividends and to repurchase and retire at least 60 trillion won worth of shares by 2026. The share buyback includes a recently completed 40 trillion won stock repurchase.

  • SK Hynix Reports Q3 Sales of 104.62 Trillion Won

    On October 28, SK Hynix reported third-quarter sales of 104.62 trillion won, exceeding expectations of 98.96 trillion won. The operating profit for the third quarter was 83.33 trillion won, higher than the anticipated 77.5 trillion won. SK Hynix plans to repurchase 20 trillion won worth of shares.

  • WTI Crude Oil Drops 1.5% to $100.19 per Barrel

    International oil prices hit a daily low, with Brent crude futures (December contract) trading around $114. WTI crude oil experienced a daily decline of 1.5%, settling at $100.19 per barrel.

  • Meta Falls 1.4%, Plans to Raise $95 Billion for AI Investment

    On October 27, Meta (META.US) fell 1.4%, closing at $621.47. In news, Meta has initiated a public offering to raise approximately $35 billion and plans to raise up to $60 billion through a market offering of a new class of non-voting C shares. Meta stated that these plans will support its ongoing investments in AI infrastructure and personal superintelligence.

  • General Compute Completes $100 Million Series A Funding, Valued at $800 Million

    On October 27, AI computing cloud service provider General Compute announced the completion of a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-funding valuation of $800 million, up from a valuation of $60 million after its seed round in May. The company was co-founded by Finn Puklowski, who serves as CEO, and focuses on building cloud services using specialized inference chips that compete with Nvidia. Chip suppliers include SambaNova (which previously secured a $400 million procurement agreement), Positron, and Cerebras. The company has signed a major client with an annual recurring revenue of $100 million. Its strategy involves not building large data centers but instead utilizing smaller power sources, renting space in other companies' data centers, and repurposing former Bitcoin mining sites for AI model operations. Puklowski expects to deploy 75 megawatts of computing power by 2027 and to secure 200 megawatts of electricity.

  • US Bitcoin Spot ETF Sees $203 Million Net Outflow in October, Cumulative Net Inflow Reaches $57.4 Billion

    As of October 26, the US Bitcoin spot ETF experienced a net outflow of approximately $203 million, bringing the cumulative net inflow to $57.4 billion.

  • Morgan Stanley: Gold's Hedging Role Needs Reassessment, Still Prefers Metal Assets

    On October 27, the price of gold has fallen from $5,600 per ounce at the beginning of this year to recently dropping below $4,000 per ounce. Despite the weak short-term trend, Morgan Stanley stated that it will maintain gold as the preferred metal asset and set a target price of $5,000 per ounce for the second quarter of 2027.

  • U.S. Stock Market Opens Higher, SK Hynix Rises Over 2%

    On October 27, the U.S. stock market opened with all three major indices rising. The Nasdaq increased by 0.45%, the S&P 500 rose by 0.3%, and the Dow Jones gained 0.04%. SK Hynix saw a rise of over 2% following the release of its Q3 earnings report, which is expected to announce an additional shareholder return plan of 50 trillion to 60 trillion Korean won. Broadcom rose nearly 3% as Anthropic finalized a $63 billion financing deal to purchase Broadcom chips. HSBC Holdings fell over 6%, with Q3 pre-tax profit increasing by 32% year-on-year to $9.6 billion, which was below expectations.

  • Intel to Acquire Quantum Startup Classiq for Approximately $2.3 Billion

    According to market news: Intel (INTC.O) will acquire quantum startup Classiq for approximately $2.3 billion.

  • Putin: We Are Exploring Cooperation Possibilities with American Partners

    On October 27, Russian President Putin stated: We are exploring the possibility of cooperation with American partners. (Jin Shi)