Starbucks, an American multinational chain of coffeehouses, announced plans to enter the non-fungible token (NFT) business by the end of the year. In this post, we will cover everything related to Starbucks NFT.
Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. They invested and borrowed some money to open the first store in Seattle and named it “Starbucks” after the first mate, Starbuck, in Herman Melville’s classic novel Moby Dick.
Today, Starbucks is one of the most famous names in the world of coffee. It has stores all around the world. Now the company is securing its future by stepping into NFTs. Let’s discuss a little more about Starbucks NFT.
Billionaire businessman Howard Schultz, announced the news at an Open Forum on Monday, claiming that the company has plans to enter the NFTs world before the end of this calendar year.
Schultz claimed that they are in a good position to get into NFTs, and praised the company by stating that:
“If you look at the companies, the brands, the celebrities, the influencers that are trying to create a digital NFT platform and business, I can’t find one of them that has the treasure trove of assets that Starbucks has from collectibles to the entire heritage of the company.”
In an address today focused on unionizing employees, multi-billionaire Howard Schultz exposed that Starbucks is going to obtain right into the NFT service “at some time prior to completion of this fiscal year”.
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When Is Starbuck NFT Launching?
Starbucks has announced plans to launch its NFT by the end of 2022. It will be very interesting to see how the company launches its NFTs and what will those NFTs depict. Apart from Starbucks, Mcdonald’s has also announced steps in this world.
Many world-famous brands have already launched their NFTs and are currently running in the Metaverse.
Related: Companies Entering Metaverse Apart from Facebook
Starbucks In Metaverse
We can expect this news as well that Starbucks NFT will enter Metaverse. Just like Mcdonald’s opened a store in Metaverse and will bridge between the virtual world and the real world. Starbucks can also announce the same. You can visit a Starbucks store in the Metaverse and order a cup of coffee. You will get that delivered to your doorstep.
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That’s all for Starbucks NFT.
Every big company is stepping into NFTs. Starbucks is planning the same. The future of NFTs and Metaverse is going to affect everyone’s life. In the near future, it will be a part of everyone’s life. So these companies are starting early to create their platform in this new world.
Keep exploring our website to know more about NFTs
Frequently Asked Questions
Q1. What Did Starbucks Do Originally?
The story of Starbucks begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. Here, Starbucks opened its first store, offering fresh-roasted coffee beans, tea, and spices from around the world for our customers to take home.
Q2. What Is An NFT In Business?
A non-fungible token (NFT) is a unique identifier that can cryptographically assign and prove ownership of digital goods. As NFTs for digital artwork has sold for millions — sometimes tens of millions of dollars, to say they’re popular could be an undersell. In the first half of 2021, NFT sales hit $2.5 billion.
Q3. How Do I Start A NFT Business?
Here are the steps to start an NFT business.
- Pick your item.
- Choose your blockchain.
- Once you’ve selected your unique digital asset, it’s time to start the process of minting it into an NFT.
- Set up your digital wallet.
- Select your NFT marketplace.
- Upload your file.
- Set up the sales process.