Starbucks Chooses Polygon Blockchain for NFT Based Loyalty Program Sep 12, 2022 Sep 12, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 12, 2022 by Kelly Cromley

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.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.