Starbucks to End Odyssey Beta NFT Program
The coffee giant cites declining interest in NFTs as a key reason for the closure, with plans to evolve the program.
- Starbucks has announced the closure of its Odyssey Beta NFT program, set to shut down on March 31.
- The decision to end the program comes as NFT mints on Ethereum trend to historic lows.
- Despite the closure, Starbucks' NFTs, known as Stamps, will remain accessible on Nifty Gateway and can be traded on other marketplaces.
- The company is exploring ways to evolve the program and maintain a community connection for its members.
- Starbucks' foray into NFTs was part of an effort to expand its Rewards loyalty program using blockchain technology.