Nike Nells NFT of Some Sneakers

The non-fungible shoes are part of the Cryptokicks collection that the shoe company introduced in April.

In April, Nike presented its first collection for the metaverse. The Cryptokicks came in the form of non-fungible tokens (NFTs) and one of them was sold for an amount of 134 thousand dollars.

The virtual sneaker collection comprised 20,000 NFTs, including sneakers designed by artist Takashi Murakami, which were purchased by someone named AliSajwani for the aforementioned amount, according to a report by The New York Times.

Let us remember that these shoes were released in a “mysterious” way, where users could purchase a virtual mystery box (virtual secret box) called MNLTH, which was labeled with the Nike logo.

The digital cubes were put up for sale on OpeanSea and cost 5 ETH (approximately $15,000 at the time). Later, the sports company announced to the owners of the boxes that they could now open them, and to their surprise, what they contained were the tennis shoes.

This fact corresponds to Nike’s first entry into the NFT market as well as its first launch with RTFKT Studios, a company it acquired in December 2021.

The company founded by Phil Knight is not the only sports brand that has ventured into the world of virtual goods. According to the NYT, both Adidas and Asics have also presented their collections, although the former has only released clothing.

 

Reviewer overview

Nike Nells NFT of Some Sneakers for more than Two Million Pesos - /10

Summary

The non-fungible shoes are part of the Cryptokicks collection that the shoe company introduced in April.

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