Key Points:
Launched in 2022, Starbucks Odyssey NFT seamlessly integrated the company’s renowned Starbucks Rewards loyalty program.
Initially powered by Polygon, Starbucks Odyssey NFT has been in beta since December 2022. However, the coffee giant has recently announced the closure of the program on March 31, citing the need to pave the way for future developments. The shutdown extends to the Starbucks Odyssey Discord server, set to cease operations on March 18.
Despite the program’s conclusion, Starbucks assures its patrons that this isn’t the end of their exploration into innovative loyalty initiatives. Expressing gratitude for the community’s engagement and feedback, Starbucks promises to incorporate the lessons learned into upcoming endeavors.
According to Steve Kaczynski, co-author of “The Everything Token” and community lead for Starbucks Odyssey, the era of “brand anchors” like loyalty programs within the NFT space is far from over. Kaczynski anticipates a surge in community-driven brand-building throughout 2024.
Under the Odyssey program, participants could earn, purchase, and trade NFT stamps by completing themed “journeys” centered around buying Starbucks products and engaging on social media. Despite its closure, the company remains tight-lipped about any potential resurrection of the Starbucks Odyssey NFT program in its current form or in a revamped version.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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