• Satvik Sethi, former Mastercard NFT product head, resigned on Thursday alleging harassment and salary withholding.
• He is now selling an NFT of his resignation letter for 0.023 ETH ($38) and has plans to drop more artworks through airdrop in the future.
• Several NFT markets have partnered with Mastercard since June 2022 allowing cardholders to buy NFTs without acquiring digital tokens.
Satvik Sethi Resigns from Mastercard
Former Mastercard non-fungible token (NFT) product head Satvik Sethi resigned on Thursday after facing alleged harassment and salary withholding by the company management. As a result, he is now selling an NFT of his resignation letter for 0.023 ETH ($38).
Sethi To Develop His Own Web Platform
Sethi is planning to develop his own Web3 social networking and community-building platform called joincircle and will stop focusing on other projects to devote time for this purpose. He also hopes to release future works of art of different genres in the near future. In addition, he announced that he would be dropping more artworks for his supporters by airdrop in the future.
Mastercards Partnership with Various NFT Markets
Several NFT markets have partnered with Mastercard since June 2022 allowing cardholders to buy NFTs without having to first acquire digital tokens including ImmutableX, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway. This collaboration allowed cardholders to buy their favorite tokens using their credit cards or debit cards without hassle.
Mastercards Comment on Sethis Departure
Following Sethi’s departure from the company, Mastercard has not commented yet although it is expected that they will continue offering its various non-fungible token features even after his leaving as he plays a crucial function in these areas.
Conclusion
Overall it can be seen that despite facing some hardships at Mastercard due to alleged harassment and salary withholding by the company management Satvik Sethi has decided to move on from there with determination and enthusiasm towards developing his own Web 3 platform joincircle where he plans releasing works of art of different genres making sure that all questions about Web3 are addressed directly only by him .