After the introduction of Non-fungible tokens called NFTs, many brands and celebrities have shown their interest in NFT tokens. Now another big brand famous for its coffee, Starbucks is going to join the NFT marketplace.
According to different articles published on major crypto websites, Starbucks is going to offer an NFT-based loyalty program using Ethereum scaling network Polygon. Now Starbucks customers can purchase digital collectible stamps in NFT form that will offer benefits and immersive experiences.
The whole program is to be built using Polygon’s proof-of-stake network. Polygon is a scaling solution for Ethereum’s main network and provides benefits in the form of low transaction costs and high speed.
Starbucks has also created a waitlist where customers can join the waitlist to gain access to Starbucks Odyssey.
After the announcement from Starbucks, a positive impact was seen on Polygon’s native token Matic. Its price increased by more than 3.5% on the day of the announcement.