Satvik Sethi, payments giant Mastercard's now-former non-fungible token (NFT) product lead, announced that the had resigned from this role on Thursday - but in a surprising and fitting move, he minted his resignation as an NFT.
"I have resigned from Mastercard," Sethi said to open his Twitter thread on the topic on February 2. He noted that, for the past year, he had served as the NFT Product Lead at the company, where he "evangelized Web3 for Mastercard leadership & regional teams, as well as all our Fortune 500 clients & partners."
Sethi decided to mint his resignation letter as an open-edition NFT on Ethereum via the digital collectibles protocol Manifold. This project is called "New Beginnings". The price is ETH 0,023, and 100% of the proceeds "go to survival," he said. By the time of writing, there were 64 total minted NFTs.
The letter spoke of Sethi's passion for Web3 and its potential, of valuable experiences gained at Mastercard, but also of those that had led him to financial struggles.
Sethi's letter and Twitter thread described the struggles he said he had to face, despite working for such a gigantic company.
After moving from New York to London, he said, due to certain visa issues, his salary was "cut by 40% with my workload increasing 200%" - forcing him to work side jobs to make ends meet.
Sethi claimed that,
"At Mastercard, I was a victim of harassment & emotional distress caused by a series of mismanaged processes, miscommunication, internal inefficiency. There were months at a time when I wouldn’t receive my salary until I begged across the hierarchy for it, among many other issues."
Among other claims in his letter, Sethi said that, because of the salary cut, as a single-income immigrant in London, he wasRead more on cryptonews.com