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Ripple's Upcoming Stablecoin Set to Transform Market

Ripple's Upcoming Stablecoin: A New Player in the Cryptocurrency Market As the cryptocurrency landscape continues to evolve, Ripple is set to make waves with its forthcoming stablecoin, which promises to be fully backed by U.S. dollars, short-term U.S. government treasuries, and other cash equivalents. This bold move indicates Ripple's belief in the potential for the stablecoin market to transform into a multi-trillion-dollar sector. With monthly attestations and third-party audits, Ripple aims to foster trust and transparency, essential components in the world of digital currencies. The Vision Behind the Stablecoin Ripple's Chief Technology Officer, David Schwartz, shared insights with Decrypt about the rationale behind this venture: Market Potential : The current stablecoin market, valued at approximately $150 billion, is expected to grow exponentially. Schwartz emphasized Ripple's unique positioning to capture this opportunity. Institutional and DeFi Presen...

# Starbucks Celebrates 20th Anniversary of Pumpkin Spice Latte with NFT Collectibles

Starbucks is celebrating the 20th anniversary of its beloved Pumpkin Spice Latte by offering a unique way for fans to enjoy the iconic beverage. In a nod to the growing popularity of NFT collectibles, the coffee giant will be releasing a series of Pumpkin Spice Latte digital stamps on its Starbucks Odyssey platform. These NFTs will represent the different qualities of the physical drinks - Spiced, Whipped, Iced, and Steamed.

Open Edition NFTs

The Pumpkin Spice Latte NFTs will be sold in an open edition format, meaning that there is no limit to how many can be minted and sold within the designated time frame. The sale will run from Thursday, October 5, until Monday, October 9. Each NFT will be priced at $20 and will also grant Odyssey members 250 points. Additionally, buyers who purchase all four NFT stamps will have an undisclosed opportunity. It is important to note that only Odyssey members will have the ability to purchase these NFTs.

Artwork Reveal and Platform Details

Starbucks has chosen to mint its NFTs on the Polygon network, which is an Ethereum scaling solution. The artwork for the purchased NFTs will be revealed on October 10. It is worth mentioning that Starbucks Odyssey, the company's Web3 rewards and loyalty platform, was announced in 2022 and launched in a closed beta format last December. While the platform is still in beta, traditional Starbucks Rewards program members can sign up for a waitlist to request admission.

Rewards and Benefits of Starbucks Odyssey

Starbucks Odyssey was developed to reward loyal customers with special perks and benefits beyond what is offered through the standard Rewards program. Users can earn points in Odyssey and use them to unlock various experiences, such as virtual drink making classes or even a trip to a Starbucks coffee farm in Costa Rica. The platform is powered by NFT marketplace Nifty Gateway, adding a unique and innovative element to the traditional rewards program.

In conclusion, Starbucks is embracing the world of NFT collectibles by offering Pumpkin Spice Latte digital stamps on its Starbucks Odyssey platform. With an open edition format and a limited-time sale, fans of the iconic beverage have a chance to own a piece of digital art representing the different qualities of the Pumpkin Spice Latte. By utilizing the Polygon network and partnering with Nifty Gateway, Starbucks is demonstrating its commitment to innovation and providing unique experiences for its customers.

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