Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Starbucks shutting down Odyssey Beta NFT program

Starbucks shutting down Odyssey Beta NFT program

The Block2024/03/16 08:13
By: The Block
ETH-0.17%NFT+0.09%
Quick Take Starbucks is ending its NFT program. Starbucks Odyssey Beta will close on March 31.
Starbucks shutting down Odyssey Beta NFT program image 0

Starbucks is putting an end to its Odyssey Beta program, an NFT-related extension to its existing rewards system.

The American multinational coffee chain wrote in an official blog post yesterday that the Starbucks Odyssey Beta program "must come to an end to prepare for what comes next as we continue to evolve the program."

Starbucks Odyssey Beta will close on March 31.

The company's nonfungible tokens, called Stamps, will remain accessible on Nifty Gateway, a curated NFT platform. Its Odyssey marketplace will transition to the Nifty marketplace, but Stamps can be — like other NFTs — transferred to external wallets and traded on other marketplaces.

Starbucks Odyssey is also shutting down its Discord server on March 19.

"As we look to evolve the program, we will be keeping the community in mind, and we are working to have a place for members to connect in the future," the company wrote.

"While the Starbucks Odyssey Beta program is ending, we are excited for you to see what comes next and are grateful for your consistent engagement and feedback," it added. "We are thankful to have had this opportunity to test into these different ways of driving community and loyalty at Starbucks and we look forward to bringing these learnings to a broader audience."

The coffee company shuttering its NFT program may not come as a surprise to some. It notably failed to sell out its Starbucks First Store Collection — which was sold, at the time, for $100 per token — in April 2023.

The news also comes at a time when NFT mints on Ethereum are trending to historic lows, according to The Block's data.


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC/ETH VIP Earn Ultimate Carnival is officially here!
Bitget Announcement2025/09/18 07:12
New spot margin trading pair — FLOCK/USDT!
Bitget Announcement2025/09/18 06:55
0GUSDT now launched for pre-market futures trading
Bitget Announcement2025/09/18 05:39

Trending news

More
1
BTC/ETH VIP Earn Ultimate Carnival is officially here!
2
New spot margin trading pair — FLOCK/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,142.24
+0.34%
Ethereum
Ethereum
ETH
$4,593.27
-0.13%
XRP
XRP
XRP
$3.08
-0.36%
Tether USDt
Tether USDt
USDT
$1
-0.00%
BNB
BNB
BNB
$984.43
-0.37%
Solana
Solana
SOL
$247.35
+0.85%
USDC
USDC
USDC
$0.9997
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2783
-1.69%
TRON
TRON
TRX
$0.3509
+2.04%
Cardano
Cardano
ADA
$0.9241
+1.61%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter