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A Litmus Test for the Future of Branded NFTs: Starbucks new Web3 Loyalty Program

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Digiday | Marty Swant | Dec 9, 2022

Starbucks NFTs - A Litmus Test for the Future of Branded NFTs: Starbucks new Web3 Loyalty ProgramWhen it comes to digital innovation, Starbucks has been a pioneer on a number of fronts. Some say its new Web3 loyalty program will be a litmus test far beyond the world of coffee.

  • On Thursday, the coffee giant announced the beta launch of Starbucks Odyssey, the company’s first major attempt at integrating blockchain tech into its existing rewards program. Starting with a small group of U.S. members and employees, Starbucks will invite participants into “journeys” that allow them to collect NFTs and points that unlock new benefits and experiences.
    • Starbucks is also partnering with Nifty Gateway, a popular NFT marketplace.
  • Marketers and industry observers say they are watching the rollout of the program as it could be a bellwether for how much consumers are willing to care about branded NFTs.
  • Sample Rewards:
    • Activities will include taking a virtual tour of a coffee farm, learning about Starbucks history; and
    • Playing interactive games
    • Virtual espresso martini-making classes
    • Access to merchandise and artist collaborations; and
    • Invites to events at Starbucks stores and coffee farms

See:  Strategies for Protecting NFT Brand/product IP in the Metaverse

Israel Mirsky, Partner at the innovation firm House of Attention:

The Starbucks Odyssey launch is a litmus test for Web3’s readiness to help a major QSR brand take customer engagement to the next level, as much as it is a test of the brand’s ability to build compelling experiences on top of that foundation.

Continue to the full article –> here


NCFA Jan 2018 resize - A Litmus Test for the Future of Branded NFTs: Starbucks new Web3 Loyalty ProgramThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada’s Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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