Starbucks To Launch NFT-Based Loyalty Program On Polygon

Using Polygon’s blockchain technology, Starbucks (SBUX) will launch a loyalty program based on non-fungible tokens (NFT).

Customers can buy and collect digital collectable stamps in the form of an NFT through the company’s Starbucks Odyssey, which offers advantages and immersive experiences.

On top of the Ethereum network, Polygon’s proof-of-stake network will be used to build the software. The high prices and slow transaction speeds brought on by congestion on Ethereum’s leading network may be avoided by applications running on Polygon and other scalers.

Starbucks to issue NFT stamps. Image: CoinCulture

When it announced intentions to provide several NFT collections offering unique experiences, community development, and customer interaction in May, Starbucks suggested that it was creating a Web3 experience.

The Starbucks Odyssey wait list is now open to customers.

Starbucks’ news was well received by MATIC, the native token of Polygon, now trading at $0.93, up 3.37% on the day.