NFT News

The Metaverse’s Nike NFT Sneakers are going for $8,000.

RTFKT, a virtual sneaker creator, was purchased by Nike in December. Dunk Genesis Cryptokicks have now cost more over $10 million.

Whether or not you believe in the metaverse, a few corporations are betting on it. One of them is Nike. The athletic wear brand purchased RTFKT (“artifact”), a virtual shoe designer, in December in the hopes of establishing a foothold in the metaverse. That investment is now paying off.

The Nike Dunk Genesis Cryptokicks, a series of 20,000 NFT sneakers, were released over the weekend by RTFKT and Nike. Crypto gamblers have been buying the virtual footwear for between $7,500 and $9,000 since their inception (2.5 to 3 ether). Digital vials, which cost at least $2,500 each, can be used to modify their appearance (0.8 ether).

Some vials are more frequent than others, and Cryptokicks with uncommon skins have sold for astronomically high prices. One pair, for example, fetched $133,000 at auction (45 ether). One Alien vial, the most valuable in the collection, fetched $449,000 at auction (150 ether). According to RTFKT, owners can “evolve” their skins by completing certain online objectives.

There are currently no plans for holders of these NFTs to receive physical representations of their digital products, albeit a Snapchat filter was made so that owners could wear their sneakers in augmented reality. It’s part of a wider bet on virtual fashion, one that Nike isn’t alone in taking.

Adidas partnered with the Bored Ape Yacht Club to release the Into The Metaverse collection of 30,000 NFTs in December. Ownership of the NFT guarantees both virtual and real-life apparel drops, a strategy used by Dolce & Gabbana as well. Gucci took a different approach, collaborating with blue-chip NFT collections to outfit Pudgy Penguins, World of Women, and Bored Ape Yacht Club avatars in Gucci attire.

Adidas has purchased land in Sandbox, a game-heavy metaverse that is still in development, while Nike has invested in Roblox, a digital environment that is especially popular among kids.

RTFKT is the company behind Clone X, one of the most popular NFT collections. It’s a set of 20,000 3D anime-inspired profile picture art designed by renowned artist Takashi Murakami, whose owners include Justin Bieber. Clone X membership costs just over $50,000 right now, but it comes with perks. Holders received a strange box in February, which, after weeks of speculation, turned out to contain the Cryptokicks, which are now worth about $10,000, as well as a random array of vials.

Only around a third of Clone X owners have opened their mystery boxes so far, implying that two-thirds of the Cryptokicks have still to be distributed.

We are the biggest NFT marketing agency with the reach over 30 million people.

This article is just for educational purposes.

Make your own exploration before making any form of investment, as always.

Possessors, holders, suckers, members of the community, jumbos. Want to give your composition a boost by putting it at the top of the homepage? == > Get in touch with us!

Related Articles

5 Comments

  1. I’m not that much of a internet reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back later. All the best

  2. I was just seeking this information for a while. After 6 hours of continuous Googleing, finally I got it in your website. I wonder what’s the lack of Google strategy that don’t rank this type of informative websites in top of the list. Usually the top sites are full of garbage.

  3. It’s a shame you don’t have a donate button! I’d definitely donate to this superb blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this site with my Facebook group. Talk soon!

  4. I have not checked in here for some time because I thought it was getting boring, but the last several posts are good quality so I guess I¦ll add you back to my everyday bloglist. You deserve it my friend 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Blockchain Bitcoin and Ethereum Price Predictions Animoca Brands aims to invest $1 billion in 2023. Apple Pay And Google Pay Are Available On Binance Bitcoin’s hashrate has jumped