Satvik Sethi Leaves Mastercard NFT Due to “Harassment” and “Distress”

Satvik Sethi Leaves Mastercard NFT Resulting from “Harassment” and “Misery”

February 4, 2023 Off By lordanime37

Lower than 24 hours in the past, the previous NFT Product Lead at Mastercard Satvik Sethi introduced his resignation – for controversial causes. In a prolonged Twitter thread, the Web3 skilled claimed he had been ‘harassed’, “underpaid”, and “disrespected” by the enormous company. From dropping his VISA to struggling to make ends meet and a brand new open-edition NFT drop, right here’s the story as he stated it – and the group’s response:

Satvik Sethi Leaves Mastercard NFT Due to “Harassment” and “Distress”
Mastercard’s former NFT Lead, Satvik Sethi, left the corporate making severe accusations and a brand new NFT drop of his resignation letter. Credit score: Instagram

Why Did Satvik Sethi Resign From Mastercard?

“I used to be a sufferer of harassment & emotional misery brought on by a sequence of mismanaged processes, miscommunication, inside inefficiency. There have been months at a time after I wouldn’t obtain my wage till I begged throughout the (Mastercard) hierarchy for it, amongst many different points,” Satvik Sethi wrote in a tweet.

That is simply one of many many examples that shocked the Web3 group. Sethi went on to clarify that Mastercard warned him with a 3-month discover interval in order that he wouldn’t resign – which didn’t occur.

All in all, the previous NFT Lead stated he had ended up with a 40% wage lower and 200% elevated workload. In the mean time of writing, Satvik Sethi claims he’s dropping his London visa and should return to his dwelling nation in India.

The previous Mastercard worker didn’t supply any proof on his claims. Allegedly, the corporate had blocked his accounts after he threatened to reveal their practices.

On February 2nd, Satvik Sethi launched an NFT titled “NEW BEGINNINGS.” Surprisingly, the digital asset was, in truth, a letter explaining his resignation from Mastercard the place he was the NFT Product Lead.

screenshot of a Mastercard-related message by Satvik Sethi
Satvik Sethi was allegedly blocked by Mastercard earlier than accessing proof of his claims. Credit score: Twitter

What Does Satvik Sathi’s NFT Resignation Look Like?

Satvik Sethi started the letter on a constructive word as he thanked the Mastercard staff for his or her help. Quickly sufficient, although, issues took a flip when Sethi revealed that it’s been “an actual wrestle” to remain afloat financially since shifting from New York to London resulting from visa-related points.

Accordingly, the single-income immigrant had been making an attempt to debate his wage together with his employers a number of instances with out success. Nonetheless, he ended the letter by being grateful and prepared for brand spanking new ventures.

Right here’s the digital letter:

screenshot of Satvik Sethi's resignation letter NFT
Satvik Sethi is asking the NFT group to help his future endeavors by minting his digital resignation letter NFT.

What Is Satvik Sethi Planning after leaving Mastercard?

For now, Satvik Sethi is asking for the group’s help to mint his open-edition NFT resignation letter for 0.023 ETH per piece. The entire proceeds will “go to survival,” he stated. Additional, Sethi guarantees to reward minters with future airdrops.

In the meantime, the Web3 skilled is planning to give attention to his artwork and Web3 social networking platform joincircle. Proper now, the location boasts +90k logins, greater than 35 companion communities and upcoming NFT collections.


How Did The NFT Group React?

Satvik Sethi’s Twitter thread acquired loads of suggestions from the Web3 group. Whereas many customers confirmed their help, others appeared suspicious too.

“This sounds bizarre from a Fortune 500 firm,” person @soltsla.eth replied. “Then your determined try to drive a mint onto the thread halfway put me off studying utterly. Good luck together with your adventures however I might in all probability do the identical to you if I used to be Mastercard, clearly one other facet to the story right here.”

On the time of writing, Satvik Sethi and Mastercard have but to make clear the matter.

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