March 10, 2023

Starbucks 2,000 NFT Stamps sold out under 20 minutes

By: Ramsha Naushad

Starbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop on the Polygon blockchain.

The 2,000-item “Siren Collection” features a version of the company’s iconic Siren, with the stamps priced at $100. 

Members of Starbucks Odyssey were able to buy two stamps each starting at 12 p.m. ET, and could pay by credit card or by connecting their MetaMask wallet.

Upon launch, members of the Starbucks Odyssey Discord group complained of problems accessing the site and error messages, with the site seemingly overwhelmed by traffic.

The collection sold out in 18 minutes and secondary sales quickly soared. As of this update, the floor price for a Siren Stamp has already passed $550.

NFT Stamps are already available in the Nifty Gateway secondary market, with the floor price “Holiday Cheer Edition 1 Stamp” hitting $1,398, with $170,636 in trading volume.

Andy Sack, co-founder and co-CEO of Forum3, calls Odyssey a "next-generation loyalty platform" aimed at building a brand relationship between customers and Starbucks.