Summary
Polygon Labs paid $4 million to Starbucks in 2022 to build and host a blockchain-based loyalty program called Starbucks Odyssey on the Polygon network, beating out competition from other blockchain ecosystems.
Key Points
1. Polygon Labs paid $4 million to Starbucks in 2022 for the development and hosting of the blockchain-based loyalty program, Starbucks Odyssey.
2. The deal with Starbucks ended a competitive search by multiple blockchain ecosystems vying to partner with the coffee giant.
3. Starbucks chose to work with Polygon Labs to build and host their loyalty program on the Polygon network.