Kung Fu Tea Launched a Collection of 8,888 Utility-Focused NFT Artworks
Colin Smith — May 16, 2022 — Business
References: kungfutea & qsrmagazine
'Kung Fu Tea,' the tea house famous for its wide array of bubble tea drinks, announced the 'Fighting Boba Club NFT collection,' a set of 8,888 utility-focused NFTs. These NFTs depict hand-drawn artworks designed by Kung Fu Tea itself. The foodservice chain stated that this collection will serve as the bridge between bubble tea lovers and the metaverse. Kung Fu Tea has built its marketing and reputation around tapioca pearls, or balls, that are present in bubble tea. As such, the brand stated that this collection is a way to give back to its boba-loving community.
Each of the 8,888 NFTs will be tied to a lifetime of rewards, according to Kung Fu Tea. These rewards include exclusive information, discounts on all purchases, special discounts on certain purchases, and many more potential rewards in the future, such as early access to items. The Kung Fu Tea Fighting Boba Club NFTs are based on the ultra-fast Solana blockchain and are available to purchase on 'MagicEden,' a Solana-based web3 marketplace.
Image Credit: Shutterstock
Each of the 8,888 NFTs will be tied to a lifetime of rewards, according to Kung Fu Tea. These rewards include exclusive information, discounts on all purchases, special discounts on certain purchases, and many more potential rewards in the future, such as early access to items. The Kung Fu Tea Fighting Boba Club NFTs are based on the ultra-fast Solana blockchain and are available to purchase on 'MagicEden,' a Solana-based web3 marketplace.
Image Credit: Shutterstock
Trend Themes
1. Utility-focused Nfts - Exploring the intersection of utility and art in NFTs presents innovative opportunities for creators and brands to engage with their communities.
2. Lifetime Rewards Programs - Leveraging the power of blockchain technology to create unique lifetime rewards programs offers disruptive innovation opportunities for businesses looking to increase customer loyalty and engagement.
3. Blockchain-based Marketplaces - Developing blockchain-based marketplaces for buying and selling NFTs creates opportunities to democratize access to digital assets and create new revenue streams for creators and sellers.
Industry Implications
1. Food and Beverage - The use of NFTs and blockchain technology provides disruptive innovation opportunities for food and beverage companies to engage customers, increase brand loyalty, and create new revenue streams.
2. Art and Collectibles - The rise of utility-focused NFTs and lifetime rewards programs presents innovative opportunities for artists and collectors to monetize their work, increase engagement, and create new marketplaces for digital art.
3. E-commerce - The development of blockchain-based marketplaces for buying and selling NFTs presents opportunities for e-commerce platforms to expand their offerings and create new revenue streams from digital assets and collectibles.
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