Starbucks Teams Up with Polygon (MATIC) to Launch Starbucks Odyssey NFT

Coffee giant Starbucks has brewed up a deal with Polygon (MATIC) for their upcoming Starbucks Odyssey NFT platform. The NFT on the Polygon network will feature NFT stamps that will “unlock immersive coffee experiences.”

A Web3 Community for Coffee & NFT Enthusiasts

The Starbucks Odyssey NFT aims to provide a “Third Place” vibe, like a cozy stop between work and home or vice versa. For this, multiple coffee-related NFT collectibles will be released. As Brady Brewer, the Executive Vice President and CMO, puts it: “Our vision is to create a place where our digital community can come together over coffee, engage in immersive experiences, and celebrate the heritage and future of Starbucks.”

The launch of Starbucks Odyssey hasn’t happened yet, but Polygon (MATIC) says that anyone can join the waitlist starting on September 12, 2022. When Ryan Butz, the VP of Loyalty at Starbucks, was asked why the coffee titan chose Polygon (MATIC), the answer was a piece of cake: “We took a very thoughtful and thorough approach when evaluating which blockchain to utilize, and Polygon’s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community.”

Polygon (MATIC) Gets Recognition from Top Brands

Polygon (MATIC) has been making moves this year. Firstly, the company got nominated by the Disney Accelerator program. Subsequently, the crypto firm teamed up with Coca-Cola for a Pride NFT collection in April. Soon after, Polygon (MATIC) struck a deal with Travala, a crypto booking website.

Over and above that, the blockchain’s native coin Polygon (MATIC) got listed by Robinhood, the most popular retail trading app in the United States. Now, Polygon (MATIC) is getting ready to go green and is thus presenting the Green Blockchain Summit Part II. The event will take place on September 29, 2022. At the moment, the invitation is open to anyone for free.

Polygon (MATIC) Is Again Under $1 As the Bears Come Back

Polygon (MATIC) broke an important descending resistance line at $1. However, the next resistance line is at $1.30, but the market price of Polygon (MATIC) has fallen to $0.871110 at the time of this publication. 

At press time, Polygon (MATIC) trades at $0.870595 due to a 5.8% hourly deficit, according to CoinGecko. The #14 cryptocurrency by market cap has a bearish tendency on RSI, which has been moving above and below 50.

On the Flipside

  • Despite success in fruitful partnerships, Polygon (MATIC) is down by 34.8% yearly.

Why You Should Care

Starbucks is the largest coffee chain in the world with 33,833 stores in 80 countries, 15,444 of which are in the United States. The partnership with Polygon (MATIC) can boost the public adoption of blockchain to unseen levels.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Tadas is a reporter, focusing on the latest tendencies of the crypto galaxy. He spends his time digging deeper into specific areas like meme coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins.