![]() Once a consumer is verified, the token will be minted and directly sent to their wallet.Consumers should stay tuned as the 50 remaining NFTs will be held for other exciting initiatives in the near future. On Tuesday, December 14 at 12:30 PM EST, consumers who have been waitlist-approved will be able to mint one of 1,843 Pepsi Mic Drop NFTs free of charge (not including Ethereum gas fees).The Pepsi Mic Drop wallet waitlist opens Friday, December 10 at 12:00 PM EST on. Pepsi is implementing a waitlisting process at the start of the user experience to ensure an equitable experience for consumers with more manageable gas fees and secure participation. This collectible series of microphones is not only inspired by our history, but also represents the scale and scope of how accessible we see this space becoming in the future.” “We created the Pepsi Mic Drop genesis NFT collection for our fans, putting their interests and needs at the forefront by ensuring the NFTs are all free of charge and presented equitably as an inclusive and accessible opportunity for anyone to experience the exciting world of NFTs. This post was produced and syndicated by Wealth of Geeks.“Pepsi has always been a brand with a strong heritage in music and pop culture, so it’s only fitting for us to bring that legacy into the new world of NFTs with a ‘mic drop’ of epic proportions,” said Todd Kaplan, Vice President – Marketing, Pepsi. What You Need to Know About How Cryptocurrencies WorkĬrypto Arbitrage: Everything You Need to Know to Profit In the meantime, rival blockchains like Solana that don't have the same issues are increasingly taking a bigger slice of the NFT pie. Ethereum is going through an upgrade to Eth 2.0 that is designed to lower fees and speed up transactions, but it won't happen overnight. In some cases, the gas fees surpass the price of the asset. Ethereum's gas fees have been lofty this year as the network has grown increasingly crowded amid the rise of niches like NFTs and decentralized finance (DeFi).įor example, last month, the average gas fee on the Ethereum blockchain surpassed $60 per transaction. This is the price you pay to perform transactions on the blockchain. While the NFTs themselves may be free, users will still be responsible for paying what's known as gas fees on Ethereum. Pepsi also touts the potential for NFT holders to list their tokens on an NFT marketplace like OpenSea. Pepsi is holding onto 50 of the NFTs for itself to use in future initiatives. ![]() Upon approval, participants can mint their own Pepsi Mic Drop NFT. For a chance at Pepsi's limited NFTs, you must join a waitlist and connect a digital wallet. For AMC's part, its NFTs can later be traded or sold for a potential profit from which it might also take a cut. The NFTs are being offered for free, which is a strategy similar to that taken by movie chain AMC Entertainment. Mark Zuckerberg's company Meta, Facebook's recently renamed parent company, was among the accounts to chime in, saying, “This is going to look great in the meatverse.” Source: Twitter NFTs or Bust Pepsi has drummed interest with its NFT tweet, which has received close to 18,000 “likes” almost 7,000 retweets at last check. The common denominator is a microphone, around which Pepsi will showcase its history of flavors such as: Pepsi's collection is relying on an algorithm to randomly generate the tokens, which will be a blend of the company's love for music and flavors. One of the key features of NFTs, in general, is their unique nature, which has been known to bolster their value. Incidentally, NFTs can take the form of musical clips, so it will be interesting to see what else Pepsi has up its sleeve for its collection. Pepsi Mic Drop reflects what the company describes as its “brand's roots in music.” Pepsi has been known to partner with pop stars like Michael Jackson, Britney Spears, Beyoncé, Adam Levine and others. The set includes 1,893 NFTs that were created on the Ethereum blockchain, the size of which is no coincidence and represents the year that Pepsi was founded. The latest company to jump on the bandwagon is Pepsi, which unveiled its “genesis NFT collection” dubbed Pepsi Mic Drop. Share on Twitter Share on Facebook Share on LinkedIn Share on PinterestĬorporate America has caught NFT fever.
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