Mastercard NFT Product Head Sells Resignation as NFT Post Stepping Down

• Sethi has said that he is selling NFTs of his resignation letter for 0.023 ETH ($38.00).
• 38 tokens had already been minted using the Manifold app.

Former Mastercard non-fungible token (NFT) product head Satvik Sethi resigned on Thursday. Sethi said that he was harassed and upset by the company’s management. The salary was withheld by Mastercard, he said, and his job contract was disregarded. In addition, he was no longer allowed to use online accounts.

Sethi has said that he is selling NFTs of his resignation letter for 0.023 ETH ($38.00) in order to make ends meet. He said he’d be dropping more artworks for his supporters by airdrop in the future. It has been reported that as of this writing, 38 tokens had been minted using the Manifold app.

Focusing on Own Web Platform

Moreover, Sethi is going to stop focusing on other projects and devote his time to developing his own Web3 social networking and community-building platform called joincircle. In his letter, he also said that he hopes to release future works of art of different genres.

Additionally, Sethi stressed the breadth of his impact on the company. He insisted that everyone with questions about Web3, including potential partners, should address them to him directly. Following Sethi’s departure, Mastercard has not commented. Although Sethi plays a crucial function, it is probable that it will keep offering its various non-fungible token features.

Several NFT markets, including ImmutableX, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway, joined forces with Mastercard in June 2022. This collaboration allowed cardholders to buy NFTs without having to first acquire digital tokens. The collaboration with Coinbase on that initiative has already been going on for a while.

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