Mastercard NFT product chief Satvik Sethi said in a series of tweets on February 2 that he had resigned from the position he had held for the last year.

Sethi said he was subjected to harassment and suffering by the company’s management. He suggested that he was refused payment of wages, canceled his employment contract and blocked access to online accounts.

Sethi said he prints and sells his resignation letter as an NFT for 0.023 ETH ($38.00) to feed himself. He said that he would distribute additional works to his supporters in the future. Manifold, an application where buyers can mint a token, reports that At the time of writing, 38 tokens have been minted.

Networks also highlighted the extent of their role in the company. He said that all questions about Web3 ⁠, including from partners ⁠, were addressed to him. He added:

“[Mastercard] may try to discredit me or downplay my contribution. But the fact is that ⁠our partners, customers and regional teams around the world connect Mastercard x NFT with me.”

Mastercard has not commented on Setha’s resignation. Presumably, it will continue to offer various non-fungible token features despite the key role of the Web.

In June 2022, Mastercard partnered with various NFT marketplaces including ImmutableX, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway. This partnership allowed cardholders to buy NFTs without buying cryptocurrencies as an intermediate step. A similar partnership with Coinbase preceded this one by several months.

Mastercard has also worked with Polygon to launch an artist accelerator that helps members create NFTs. Last year, the company partnered with crypto app Hi to offer customizable debit cards with NFT avatars.

In addition to NFT, Mastercard also offers crypto-related services, including trading services, monitoring tools, and reward options. It also supports payment cards offered by cryptocurrency firms including Uphold, Wirex, Nexo, and Bitpay.

Mike Dalton

Cryptooshala journalist

Mike trained in library and information sciences before moving into cryptography in 2018. He lives on the west coast of Canada.