Mastercard’s NFT product lead resigns, says he was ‘victim of harassment’

Mastercard”™s former Non-Fungible Token (NFT) Product Lead announced his resignation in a lengthy Twitter post, accusing the Purchase-headquartered company of harassment and withholding his salary.

Satvik Sethi shared the news of his resignation by identifying himself as spending the past year in a role where he “evangelized Web3 for Mastercard leadership & regional teams, as well as all our Fortune 500 clients & partners.” However, Sethi ”“ an Indian citizen ”“ stated the Purchase-headquartered company took advantage of his immigration status.

“While I have a lot to be grateful for, when I moved from NYC to London because of visa issues, my salary was cut by 40% with my workload increasing 200%,” he added. “I had to work side jobs this past year to make ends meet, alongside all the things I was building and contributing in Web3. 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.”

Sethi also stated the company disregarded the terms of his employment contract and stated concern that Mastercard would “try to discredit me or downplay my contributions.” He added that he is being forced to return to India because his work visa for the U.K. will no longer be valid.

Sethi asked the Twitter audience to show solidarity by purchasing an NFT of his resignation letter.

“If you want to support me, you can mint my resignation for 0.023 ETH,” he said. “A piece of my personal history from the year I leaped.”

Photo courtesy Satvik Sethi