Polygon Announces Partnership With Starbucks for Web 3

Polygon partners Starbucks

The Polygon team announces that it is partnering with Starbucks, the coffee company in its bid to advance the company’s Web3 experience, Starbucks Odyssey.

According to the announcement made by Polygon on September 12,

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey.

The partnership would enable the coffee company to reward members of its loyalty program with digital collectibles such as non-fungible tokens (NFTs). The project will be built on the Polygon proof-of-stake network, which features low fees and high transaction fees. This program is strictly for residents of the United States and is meant for Starbucks employees and customers.

Web3 for Loyalty Program

The implementation of the Web3 technology will enable Starbucks to interact with members of the program in exciting ways. Some of the benefits they give the members are access to immersive experiences with coffee. Users will also gain access to exclusive events and merchandise associated with Starbucks coffee while active collaboration with artists is on via web3.

Potential users of the Starbucks Odyssey are invited to join the waitlist which was announced on September 12. The Starbucks Odyssey is scheduled for launch at the end of the year.

Speaking on the collaboration, Ryan Butz, the VP of loyalty, strategy and marketing for Starbucks said,

“Building Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority. We took a very thoughtful and thorough approach when evaluating which blockchain to utilize and Polygon’s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community,”

Built With Environmental Friendliness in Mind

Polygon network has shown commitment to the environment through its commitment to become carbon negative by the end of 2023. The network’s carbon footprint will become even negligible with the planned transition of Ethereum from proof-of-work to proof-of-stake. A recent update shows that this will reduce Polygon Carbon emission by 99%.

Polygon presently hosts some of the important web3 and NFT projects such as Aave, Uniswap, Quickswap and Opensea. The robustness of the blockchain network is the reason why it is supported by companies such as Adobe, Stripe and Dolce Gabbana as their default gateway to Web3.

Sandeep Nailwal, Co-Founder of Polygon, says,

“Polygon is a natural choice for Starbucks as both companies place tremendous importance on diversity, accessibility, and sustainability. As a leading infrastructure provider enabling people and technology to collaborate and exchange value globally and freely, Polygon provides the ideal launchpad for Starbucks’ entry into Web3.”

Polygon is designed to bring scalability and more to Ethereum.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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