The American multinational chain of coffeehouses, Starbucks Odyssey, has announced its successful integration with decentralized scaling protocol, Polygon, to offer a non-fungible token (NFT) – based loyalty program.

In a September 12 press release, Starbucks Odyssey confirmed successful integration with Polygon. Starbucks anticipates allowing its customers to purchase digital collectible stamps as non-fungible tokens (NFTs).

Starbucks To Create NFT Loyalty Program

Starbucks will establish an NFT-based loyalty program, which allows its users to acquire and earn digital collectibles stamps in the form of NFTs. The new loyalty program will also offer more benefits and immersive experiences.

Founded in 1971, Starbucks is an American multinational chain of coffeehouses with more than 33,000 stores in over 80 countries. Since its inception, Starbucks has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world.

On the other hand, Polygon is a decentralized scaling solution that utilizes a proof of stake consensus mechanism on the Ethereum blockchain. The protocol enables developers to build a scalable, user-friendly decentralized application (dApp) with low transaction fees.

Under the new integration, Starbucks will leverage polygon capabilities to offer its users a non-fungible token (NFT) loyalty program. Starbucks hinted at its foray into metaverse and NFT in May.

At the time, Starbuck announced plans to launch a series of non-fungible tokens providing unique experiences, community building, and customer engagement. Its customers can now join a waitlist to gain access to Starbucks Odyssey.

Polygon’s MATIC Reacts Sharply Over The Announcement

Polygon’s native token MATIC has reacted sharply over the announcement, with its price surging 3.37% in the past 24 hours. Polygon has also recorded a 24-hour trading volume of $554,299,202 and a circulating supply of 7.4 billion MATIC coins. Polygon’s MATIC is exchanging hands at $0.907 at the time of writing.

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