Taiwanese food brand Orbitel International has announced that it will launch Boba Man NFTs on Polygon. Boba tea represents an estimated $2.1 billion US Dollar industry, and the industry expects to grow to over $8 billion US Dollars in the next ten years. So let’s take a look at how Orbitel is entering web3.
The boba tea NFT industry is booming
Earlier this year, Orbitel introduced ‘O’s Bubbles Boba Tea’ to its line of instant products. Although it is a recent product introduction, the product enjoys an excellent reception, especially during these times of inflation. Boba tea is not just popular as a drink throughout the world, but in the NFT community as well. There are already boba tea-themed collections on Solana, Cronos, and on Ethereum. Therefore, this is a competitive but popular NFT theme.
Orbitel launching on Polygon
Orbitel will join other popular brands such as Adidas, Prada, Starbucks and Mattel on Polygon. Polygon has onboarded a large number of web2 brands into its NFT collection this last year. This may be due to the accessibility that Polygon offers to its users. For example, Polygon has a partnership with Stripe payment processor. As a result, purchasing an NFT is now as simple as a credit card swipe.
Finally, 1,000 of these adorable tea pearls will arrive in a variety of colors in December 2022. The Boba Man NFT will be a free mint, but you must enter to be eligible. Winners will receive the NFT by airdrop, and the NFTs will be available on OpenSea for secondary sales.
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