Page 46 - #86 eng
P. 46

C




                                                            Think of it as a concert ticket or access to a life                                                     another place outside of home and work creating the
                                                        changing  experience  perhaps.  The  possibilities  are                                                     second wave coffee community we know of today.
                                                        many.  Let’s  take  a  look  at  an  idea  Dane  Wesolko                                                        Starbucks  is  branching  out  into  the  world  of
                                                        discusses  in  his  blog,  Can  a  coffee  shop  use  NFT                                                   NFTs,  and  creating  a  digital  community  emanating
                                                        utility  to  expand  into  the  metaverse?  The  coffee                                                     from coffee and expanding to other experiences like
                                                        drinker  purchases  an  NFT  to  access  the  metaverse                                                     art,  music,  books  etc.  using  technology  committed
                                                        which takes him to the origin in a virtual world — to                                                       to sustainability.
                                                        experience the journey of bean to cup.                                                                          NFT has gained popularity because of its poten-
                                                            Over here, the consumer can interact with dif-                                                          tial to reward loyal customers, while offering unique
                                                        ferent stakeholders in the industry e.g.the farmer).                                                        experiences,  building  a  distinctive  community  and
                                                        He  can  learn  about  the  coffee  value  chain,  and  be                                                  a  different  kind  of  customer  engagement.  The  idea
                                                        informed of different issues in the industry. Inter-                                                        is  the  same,  create  a  number  of  NFT  collections,
                                                        actions  like  ordering  a  “virtual”  cup  of  coffee  or  a                                               which  upon  ownership  can  grant  access  to  unique
                                                        bag of beans to get it delivered to your doorstep are                                                       perks and privileges.
                                                        also  possible.  Fun  fact:  Did  you  know  that  you  can                                                     A  Culture  of  Coffee In 2013, Metasebia Yo-
                                                        buy  virtual  land  on  the  metaverse  and  have  it  look                                                 seph,  Ethiopian-American  author,  wrote  A  Culture
                                                        like a coffee farm, a cafe or roastery?                                                                     of Coffee to educate readers about the complex his-
                                                            The following are some cases of the intersection                                                        tory behind the global coffee culture. Nearly a decade
                                                        between NFT and coffee:                                                                                     later,  she  is  rewriting  her  book  on  the  blockchain
                                                            Exclusive Coffee Membership Let’s start with                                                            and aiming to create an entire ecosystem of experi-
                                                        a utility that I think will not only be ubiquitous but                                                      ence involving her book and the coffee culture.
                                                        popular amongst roasteries and cafes — coffee sub-                                                              The  plans  include  a  crowdfunding  campaign,
                                                        scription programs sold as NFTs. The Bored Breakfast                                                        gifting NFT tokens to early supporters which in turn
                                                        Club is doing exactly this and will ship two bags of                                                        will  give  access  to  a  virtual  viewing  gallery,  an  in-
                                                        coffee  to  each  token  holder  with  the  possibility  to                                                 teractive book, and special events all planned for the
                                                        produce  extra  bags  of  coffee  thanks  to  something                                                     10 year anniversary launch of her book. “Using these
                                                        called The Community Coffee Wallet.                                                                         new tools, we can transmit the updated book, digitize
                                                            This wallet is funded by royalties from NFT sales                                                       my  research,  and  archive  cultural  artifacts  to  the
                                                        on the secondary market, and a percentage of profits                                                        ‘immutable record’. The project presents an oppor-
                                                        from coffee and merchandise sales. Once the required                                                        tunity to make coffee’s origin story accessible, with
                                                        funding  threshold  has  been  accomplished,  new                                                           traceable  provenance  baked  in,”  Metasebia  said  in
                                                        blends  are  shipped  to  the  NFT  holders.  What  gets                                                    her blog.
                                                        better  is  that  they  have  collaborated  with  Yes  Plz                                                      And this is where I’ll be segueing to introduce
                                                        Coffee to roast the blends. Other perks include access                                                      you to Fantine, and the two founders I have had the
                                                        to  an  online  community,  digital  content  portfolio,                                                    pleasure to connect with recently and explore their
                                                        live events, and discounts on even more coffee.                                                             new NFT project.
                                                            NFT  Viewing Gallery  in  a Coffee  House  We
                                                        saw NFTs used as a tool to aid in a subscription pro-                                                       The Future of Coffee Is Now
                                                        gram above. In Dubai, however, a roastery cum cafe
             The idea is the same,                      has opened the first interactive NFT gallery coffee                                                             What happens when the future availability of cof-
                                                        house to be utilized as an advertising stream. Roast-                                                       fee is threatened? It should not come as a surprise when
        create a number of NFT                          ers  Specialty  Coffee  House  have  collaborated  with                                                     I say that the current generation of farmers are under-
                                                        WeWay  to  incorporate  blockchain  within  the  cafe                                                       paid. In addition, the cost of production has increased
         collections, which upon                        infrastructure opening their doors to a new type of                                                         steeply since the pandemic. When their very livelihood
                                                        customer: NFT creators, advertisers and enthusiasts.                                                        is threatened, why will they then continue to be in the
              ownership can grant                           The Digital Third Place Third place was first                                                           same  line  of  business?  The  next  generation  are  now
         access to unique perks                         termed by Ray Oldenburg in his influential book, The                                                        being encouraged to pursue education and career out-
                                                                                                                                                                    side of the coffee industry as they do not consider it to
                                                        Great  Good  Place.  He  describes  the  third  place  as
                         and privileges.                “the heart of a community’s social vitality”. It was                                                        be a stable source of income. They see the effort and
                                                                                                                                                                    hard work being put in only to sell their crops at a loss.
                                                        this concept that made Starbucks into what it is today



     46                                                                                                                                                                                                           47
   41   42   43   44   45   46   47   48   49   50   51