Starbucks shutters its ‘Odyssey’ NFT program

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Main espresso retailer Starbucks stated on Friday afternoon will probably be ending its NFT-enabled buyer loyalty program, dubbed Odyssey.

This system will shut on the final day of March. “The Starbucks Odyssey Beta should come to an finish to arrange for what comes subsequent as we proceed to evolve this system,” Starbucks stated in an replace to this system’s FAQ web page.

The NFTs clients may earn by Odyssey, referred to as Stamps, will probably be transferred to the NFT platform Nifty Gateway, the place they’ll proceed to be purchased and offered, Starbucks added.

It’s the most recent in a rising pattern of non-crypto firms sunsetting NFT packages they began up a pair years in the past. Online game venue GameStop shut down its NFT market in January, citing regulatory considerations. Additionally that month, social media platform X discontinued assist for NFT profile photos. X competitor Meta wound down its personal NFT program earlier in 2023.

Learn extra: X reportedly now not helps NFT profile photos

Starbucks Odyssey launched through a partnership with Polygon in September 2022.

Memecoin mania spawns Las Vegas Sphere advert, Franklin Templeton analysis

Crypto made a lot ado about memecoins this week because the acquainted trope of in a single day millionaires re-emerged.

The memecoin of the second, dogwifhat, surged over 30% on the week. Supporters of the Solana-based token raised practically $700,000 to place an commercial on the Las Vegas Sphere.

Learn extra: A memecoin may get the Vegas therapy, however crypto advertisements not often age effectively

The purported house owners of the hat-wearing canine put an NFT of the picture up for public sale, and it was bid as much as 30 ether (ETH) by Friday afternoon, price roughly $113,000 at present costs.

Lots of the new crop of memecoins, together with dogwifhat and a slew of intentionally-misspelled politicians, dwell on the Solana blockchain. Solana (SOL) itself jumped 22% on the week, based on CoinGecko.

Amid the thrill, the digital asset arm of main funding agency Franklin Templeton revealed a paper on X titled “The Worth Between Meme Cash and Their Native Networks.” The paper identified that the value appreciation of the Solana memecoin, BONK, and of Solana itself, occurred on the identical time.

One attention-grabbing stat:

  • The value ground of Pudgy Penguins fell round $17,000 prior to now week, from roughly $56,700 to roughly $39,700, based on NFT Value Ground.

Additionally of observe:

  • The NFT venture Sappy Seals let some customers right into a playtest of its open world sport.
  • The large multiplayer on-line sport MapleStory is bringing a “Web3 enhanced extension” to the Avalanche blockchain.
  • A buying and selling bot on the popular-in-crypto messaging app Telegram noticed extra income than Arbitrum this week.

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