Starbucks is jumping on the Web3 bandwagon. On Monday, the company detailed Odyssey, an upcoming extension to its popular rewards program that can permit clients to gather NFTs. You possibly can most likely guess where this goes. Each NFT will have a points value based on its rarity, and as you earn extra tokens, you’ll unlock new experiential rewards. Those might embrace a virtual expresso martini-making, an invite to occasions at Starbucks Reserve Roasteries and https://tondog.net/ a trip to Costa Rica to go to one of the company’s espresso suppliers.
tokenTokens are blockchain belongings that come in lots of kinds. Cryptocurrencies like bitcoin are a type of token. Other varieties embrace governance tokens, which grant the holder voting rights in a DAO or service, or utility tokens, where entry to a service is granted in accordance with the number of tokens held.
It comes at a tumultuous time for GameStop. Final week the company fired its Chief Financial Officer amid wider layoffs inside the group. “Change shall be a relentless as we evolve our commerce enterprise and launch new merchandise by means of our blockchain group,” GameStop CEO Matt Furlong stated in an email to staff, in accordance with Kotaku. In the company’s most current quarterly financial report, at the end of April, it revealed net losses of $157 million.
Famous ICOs include the unique release of Ethereum for €0.30 every (now €1,530 at the time of publishing), and the controversial Telegram Open Community by the creators of the messaging app Telegram, raising €1.7B for a blockchain challenge that was subsequently canceled following a call by the US Securities and Exchange Commission.