Starbucks is preparing to enter the NFT business, but is Starbuck ready for primetime? The answer is probably yes, but there are a number of other players in the NFT space who are equally poised to take advantage of this new trend. Moon Boys, Traverse, and MekaVerse are just a few of the names that have already been mentioned. Hopefully, this flurry of activity will spark a new wave of corporate involvement in NFT technology.
Starbuck preparing to enter the NFT business
Howard Schultz, the CEO of Starbucks for more than twenty years, confirmed that the company was planning to enter the NFT market by the end of 2022. The Seattle-based company said it will take advantage of its existing assets to enter the NFT business with greater efficiency. While it is still too early to speculate about how much investment it will make, it has made some investments. As for what it will do with the money it has saved, Schultz said that “there are some things we can do to prepare.”
A recent video circulating the internet claims that Starbucks is getting into the NFT market. It shows the CEO of the company, Howard Schultz, confirming the company’s entry into the market. Schultz said the company hopes to be ready for the launch of NFT by the end of 2022. He added that the company will be offering a range of animated NFT collections.
Starbucks, the largest coffee company in the world, has confirmed its entry into the NFT market with the release of a video. The video reveals that the company plans to have an NFT marketplace up and running by the end of its fiscal year 2022. However, a company spokesperson did not give further details. The company did point to a news release from last May. Meanwhile, other mainstream companies are setting up shop, including Bored Apes. And while the timing of the entry of the giant coffee company may be awkward, it is the right way to take the company to the next level.
MekaVerse- Starbuck NFT
The MetaVerse project is a collective of mecha NFTs based on the Gundam anime franchise. Its founders, Matt and Matty, are two digital artists from Europe and have partnered with veteran NFT creator Julien van Dorland. MekaVerse started by creating a Discord account and opening social media accounts. By the end of 2022, the team hopes to launch the first NFT, Starbucks, into the market.
The Azuki Starbuck NFT will launch by the end of 2022. The company has vague plans for the project but it is aiming to launch by the end of the year. The company will start by selling its first batch of NFTs for one ETH. The price will continue to decrease, dropping by 0.05 ETH every 20 minutes until it reaches the minimum lower bound.