Mastercard NFT leader steps down and tokenizes resignation letter

Mastercard NFT Product Lead Satvik Sethi said in a series of tweets: February 2 That he resigned from the position he held last year.

Sethi said he experienced harassment and distress from the company’s management. He suggested that his own salary had been denied, his employment contract rescinded, and his account online blocked.

Sethi said he is issuing and selling his resignation letter as an NFT for 0.023 ETH ($38.00). He said he plans to airdrop additional artwork to supporters in the future. His Manifold, an app that allows purchasers to create tokens, is reporting At the time of writing, 38 tokens have been issued.

Sethi also highlighted the scope of his role at the company. He said all questions about Web3 were directed at him, including those from his partners. he added:

“[Mastercard] They may try to discredit me or downplay my contributions. But in fact globally, our partners, clients and regional teams associate Mastercard x NFT with me.

Mastercard has not commented on Sethi’s resignation. Presumably, despite Seti’s important role, it will continue to provide various non-fungible token functions.

In June 2022, Mastercard partnered with various NFT marketplaces including ImmutableX, Candy Digital, The Sandbox, Mintable, Spring and Nifty Gateway. This partnership allows cardholders to purchase NFTs without buying cryptocurrencies as an intermediate step. A similar partnership with Coinbase preceded that effort a few months ago.

Mastercard has also teamed up with Polygon to launch an Artist Accelerator to help participants create NFTs. Last year, the company partnered with cryptocurrency app Hi to offer customizable debit cards featuring NFT avatars.

Beyond NFTs, Mastercard is also committed to providing crypto-related services such as trading services, monitoring tools and reward options. We also accept payment cards from cryptocurrency companies such as Uphold, Wirex, Nexo and Bitpay.