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McDonald’s Wants to Bring ‘Grimace’ to Singapore with Free NFTs

August 17, 2023
in NFT
Reading Time: 2 mins read
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McDonald’s is releasing 2,000 free and unique Grimace digital collectibles, every with its personal design, in Singapore, in keeping with an preliminary report from Decrypt. 

The quick meals chain’s iconic Grimace character, greatest identified for his pleasant and playful persona, has served as one in every of McDonald’s signature characters for over 50 years. 

This summer season, it debuted a limited-time Grimace birthday meal, which included a vanilla-berry-flavored milkshake, in celebration of the mascot’s 52nd birthday. The #grimacemilkshake which went viral throughout social media (2.9 billion views on TikTok) and helped enhance McDonald’s Q2 gross sales over 10% within the U.S. and nearly 12% globally.

“The McDonald’s model has by no means been stronger and I stay impressed by the power of the McDonald’s System to create cultural conversations and develop industry-leading improvements,” Chris Kempczinski, McDonald’s CEO, mentioned in a June assertion to Fortune. 

Grimace NFTs

This new initiative from McDonald’s, in keeping with the report, brings Grimace into the present digital collectibles phenomenon, giving prospects an opportunity to personal a chunk of McDonald’s historical past with Polygon-based NFTs that can afford entry to “unique treats sooner or later.”

Powered by crypto startup Bandwagon Labs and in collaboration with digital artist “The Hidden Partitions,” the quick meals chain will start dropping a “soulbound token” on the week of August 21 via the official McDonald’s cell app in Singapore. This soulbound token additionally prevents the holder from promoting it or transferring it upon its preliminary minting off Polygon. 

For Singapore, having a world model like McDonald’s embrace NFT know-how is one other testomony to the nation’s speedy innovation and technological development that has different nations making an attempt to “sustain with the Joneses.”

Chee additionally famous that by digitizing Grimace, this helps to evolve its character from pure nostalgia that many people grew up on to one thing for all generations to get pleasure from – that’s, assuming they’ve some minimal understanding of blockchain know-how and digital collectibles. 

McDonalds first began taking part in with digital collectibles in 2021 because the meals chain celebrated the McRib’s fortieth anniversary in the US, whereas subsequently launching its personal metaverse world, McNuggets Land, inside The Sandbox. 

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Tags: BringFreeGrimaceMcDonaldsNFTsSingapore
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