Cryptheory: NFT, Play-to-Earn, Crypto News

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Are the cryptokicks for the Metaverse coming now?

2 min read

Are the cryptokicks for the Metaverse coming now?

It seemed like Adidas could win the battle for Metaverse dominance. But now Nike speaks out.

With the acquisition of the NFT fashion producer RTFKT Nike is taking another step towards Metaverse. The American sporting goods manufacturer wants to provide “the next generation of collectibles that combine culture and gaming,” the company said in a Press release.

RTFKT was only founded by three friends at the beginning of last year during the corona pandemic. The company, which according to its own statements was “born in the Metaverse”, set itself the goal of uniting the NFT and gaming world with unique sneakers and digital artifacts.

“This acquisition is another step that will accelerate Nike’s digital transformation and enable us to serve athletes and creatives at the intersection of sports, creativity, gaming and culture,” said John Donahoe, President and CEO of Nike, Inc. “Our plan is to invest in the RTFKT brand, to support and expand its innovative and creative community and to expand Nike’s digital presence and capabilities,” said Nike.

RTFKT also hopes to further advance the Metaverse brand through the acquisition. “Nike is the only brand in the world that shares the deep passion we all have for innovation, creativity and community, and we look forward to growing our brand, which was created entirely in the Metaverse,” said Benoit Pagotto. one of the co-founders of the company.

It was time for the US sporting goods manufacturer to work harder on the Metaverse. Main competitor Adidas has shone with some announcements in the field over the past few weeks. In addition, now also adorns Bored Ape NFT the profile picture of the German company on Twitter.

At Nike, however, things have remained quiet lately, although the Metaverse seemed to have been conquered by the end of October. At that time, the American sporting goods manufacturer submitted an application for “virtual goods” – i.e. virtual items of clothing – to the Patent and Trademark Office.

Nike had already positioned itself in the digital world in April 2019. At that time, the company applied for a patent on “Cryptokicks”, with the idea of ​​issuing an NFT at the same time as the physical sneakers. However, a start date has not yet been communicated.

What is certain, however, is that it will remain exciting to see who can win the race for sports fashion in the Metaverse.

Chinese giant Baidu announces its first metaverse platform

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

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