Connect with us

Hi, what are you looking for?

BrilliantAchievement.comBrilliantAchievement.com

Tech News

Starbucks sold 2,000 NFTs in 20 minutes — coffee not included

Starbucks Odyssey logo over a glitchy, multi-colored background
Image: Starbucks

It’s been more than a year since NFT sales peaked — and then collapsed — but that’s not stopping enterprising multi-billion dollar corporations from trying to get in on the action.

Starbucks launched its first paid collection of NFTs today, a group of 2,000 digital “stamps,” each priced at $100. Starbucks calls its NFTs “Journey Stamps,” a less technical-sounding term that the uninitiated might use as a way to explain what they just spent money on. And people did buy them — CoinDesk reports that the “stamps” sold out in under 20 minutes.

The coffee company first launched its NFT and Web3 push in December, when it opened up a new membership program called Starbucks Odyssey. An extension of the existing Starbucks rewards program that gives…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Politics

Looking beyond the “aw, neat, what a great person” façade of effective altruism, one clearly finds a level of narcissistic cynicism and a drive...

Politics

While “private policing” is in many people’s minds a feature of dystopian science fiction or the fantasies of libertarian economists, the reality is that...

Editor's Pick

2022 has come to an end with a collective “Thank Goodness!” There’s just no sugarcoating it; 2022 was a brutal year for those who...

Editor's Pick

First of all, happy new year!!! I hope 2023 turns out to be a healthy and prosperous year for all! As we look back...