Starbucks Chooses Polygon Blockchain for NFT Based Loyalty Program
Starbucks (SBUX) will launch a non-fungible token (NFT)-based rewards program using Polygon’s blockchain technology. The Starbucks Odyssey will let users to acquire digital collector stamps in the format of a non-fungible token (NFT) that give rewards and engaging experiences.
The application will be constructed on Polygon’s proof-of-stake (PoS) network, a scaling platform that sits atop the Ethereum blockchain. Services that operate on Polygon as well as other scalers may escape a portion of the high transaction fees and slow transaction times generated by Ethereum’s main network traffic.
Starbucks suggested in May that it would create a Web3 experience when it revealed intentions to introduce a sequence of NFTs that would provide “distinct experiences, community building, and consumer interaction.”
Clients can now sign up for a waiting list to connect Starbucks Odyssey.