Summary
Starbucks is ending its NFT-enabled customer loyalty program, transferring Stamps to Nifty Gateway. Memecoin dogwifhat surged, raising funds for a Las Vegas ad. Franklin Templeton research explores memecoins and native networks. Other news includes a drop in Pudgy Penguins’ price floor, Sappy Seals playtest, MapleStory on Avalanche blockchain, and a Telegram trading bot’s high revenue.
Key Points
1. Starbucks is ending its NFT-enabled customer loyalty program, Odyssey, by the end of March. The NFTs earned through the program will be transferred to Nifty Gateway for buying and selling.
2. Memecoin mania has led to the surge of dogwifhat, a Solana-based token, with supporters raising funds for a Las Vegas Sphere ad. The NFT of the hat-wearing dog image was auctioned for 30 ether, worth around $113,000.
3. The price floor of Pudgy Penguins NFT fell by $17,000 in the past week, and the NFT project Sappy Seals allowed some users into a playtest of its open world game. Additionally, MapleStory is bringing a “Web3 enhanced extension” to the Avalanche blockchain.