Starbucks Airdropping More NFTs in June to Expand Web3 Rewards Program

Starbucks Odyssey is the company’s Web3 rewards beta program, which is currently only available to select individuals

article-image

monticello/Shutterstock modified by Blockworks

share

Starbucks is preparing an NFT airdrop for members of its Odyssey rewards program as part of the company’s foray into Web3.

Users will have to meet specific criteria to be eligible to receive a so-called “limited-edition stamp” from the coffeehouse giant, Starbucks told Odyssey members in an email obtained by Blockworks.  

First, the airdrop is only available for US residents. Second, each participant must be a Starbucks rewards member, and enrolled in Starbucks Odyssey, the company’s waitlisted Web3 rewards platform. The program launched in beta back in September 2022, and remains available only to a select number of individuals.

Provided that a participant is an Odyssey member, they will then have to make sure to have completed two “journeys,” and that they already own at least one limited-edition NFT stamp. Journeys are challenges that users can complete to win stamps embedded with rewards points. One such example of a journey could be going to a different Starbucks store or trying a new drink, a former Starbucks executive told Blockworks in December.

Users who meet all of these qualifications by the company’s specified date will be eligible for the airdrop, according to Starbucks Odyssey’s airdrop terms.

The terms also state that “you are not guaranteed a Stamp of your choosing […] you will receive a Stamp as determined by Starbucks in its sole discretion.”

Starbucks has shown continued interest in the world of digital ownership. Last month, it released the “First Store” NFTs with many of the collectibles in the bundle depicting the original, much humbler Starbucks storefront that opened in downtown Seattle back in 1971.

In the last 24 hours, the First Store collection has generated the highest sales volume on NFT marketplace Nifty Gateway.

Blockworks has reached out to Starbucks concerning the upcoming airdrop.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report HL cover.jpg

Research

It's increasingly apparent that orderbooks represent the most efficient model for perpetual trading, with the primary obstacle being that the most popular blockchains are ill-suited for hosting a fully onchain orderbook. Hyperliquid is a perpetual trading protocol built on its own L1 that aims to replicate the user experience of centralized exchanges while offering a fully onchain orderbook.

article-image

The tokenization of real-world assets is set to continue as a “defining trend” for institutional crypto in 2024, Anchorage Digital CEO says

article-image

Upcoming macroeconomic clarity, or a lack thereof, is likely to be a key contributor to bitcoin’s next price movement

article-image

Runes protocol will bring versatility to Bitcoin, but some are worried about the increased fees

article-image

The sentencing closes the book on the DOJ’s settlement with Binance and its former CEO

article-image

Roger Ver was arrested in Spain on Tuesday, the DOJ said

article-image

This case is a big deal — so big, in fact, that one wonders whether the crypto community fully appreciates its gravity