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Why Did Starbucks' Web3 Project Fail?

Starbucks announced that it is sunsetting Odyssey, the 18-month experiment that uses collectible non-fungible tokens as the anchor of a loyalty program. According to two people familiar with the matter, Polygon Labs paid $4 million to collaborate with the coffee giant in 2022. CoinDesk's Jennifer Sanasie weighs in on Starbucks' failed attempt at entering the crypto space.

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Why ETH ETFs Might Not Get Approved; 3AC's Kyle Davies Not Sorry

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a Bloomberg analyst's prediction that ether ETFs likely won’t get approved in May. Plus, 3AC co-founder, Kyle Davies, speaks up about the company's bankruptcy; and Polygon Labs paid $4 million to Starbucks for the coffee company’s now failed Web3 project.

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Finance

Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources

The blockchain developer gave the coffee giant a $4 million grant as part of their 2022 deal to build an NFT-powered loyalty program that is now being shuttered.

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Finance

Polygon Labs pagou US$ 4 milhões para hospedar a incursão condenada da Starbucks na Cripto

O desenvolvedor do blockchain deu à gigante do café uma doação de US$ 4 milhões como parte de seu acordo de 2022 para construir um programa de fidelidade baseado em NFT que agora está sendo encerrado.

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Finance

Polygon Labs a payé 4 millions de dollars pour accueillir l'incursion vouée à l'échec de Starbucks dans la Crypto

Le développeur de blockchain a accordé au géant du café une subvention de 4 millions de dollars dans le cadre de son accord de 2022 pour créer un programme de fidélité alimenté par NFT qui est maintenant fermé.

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Finance

Polygon Labs ha pagato 4 milioni di dollari per ospitare l'incursione di Starbucks nel mondo delle Cripto

Lo sviluppatore blockchain ha concesso al colosso del caffè una sovvenzione di 4 milioni di dollari come parte del suo accordo del 2022 per costruire un programma fedeltà basato su NFT che ora è in fase di chiusura.

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Finance

Polygon Labs pagó 4 millones de dólares para albergar la incursión condenada al fracaso de Starbucks en las Cripto

El desarrollador de blockchain otorgó al gigante del café una subvención de $4 millones como parte de su acuerdo de 2022 para construir un programa de lealtad impulsado por NFT que ahora se está cerrando.

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Finance

Nagbayad ang Polygon Labs ng $4M para i-host ang Starbucks' Doomed Foray Into Crypto

Binigyan ng blockchain developer ang coffee giant ng $4 million grant bilang bahagi ng kanilang 2022 deal para bumuo ng NFT-powered loyalty program na ngayon ay isinasara na.

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Videos

Aku Creator Micah Johnson on Starbucks Partnership, Web3 Outlook

Starbucks' Web3 loyalty program Odyssey is launching a new 'Journey' for its next digital collectible Stamp, in collaboration with NFT collection Aku. Aku creator and former MLB Player Micah Johnson shares his insights into the Starbucks partnership and what to expect from "Aku Adventure." Plus, Johnson's take on the future of Web3 in entertainment and the downturn in the NFT market.

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Videos

Sen. Tuberville Calls on DOJ, SEC to Investigate Prometheum; Could Bitcoin Reach $120K by 2024?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including why one bank predicts bitcoin (BTC) could rise to $120,000 by the end of 2024. Sen. Thomas Tuberville is asking the SEC and DOJ to look into crypto broker Prometheum. Lawyers for Grayscale are criticizing regulators for approving a leveraged bitcoin-based exchange traded fund. And, a closer look at Starbucks' latest NFT collaboration.

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