NFTs and sneakers have a lot in common: They come in limited quantities, depend on sky-high demand and stir speculative crazes in the resale market. It may be a perfect fit for the two to come together.
: They come in limited quantities, depend on sky-high demand andin the resale market. Under Armour sold 2,974 Genesis Curry Flow NFTs for $333 apiece last month. In the secondary market, some sellers are offering them for over $15,000.
Those that own Adidas’ “Into the Metaverse” NFTs, which cost roughly $765 at debut, are now selling them for more than $2,500 on NFT marketplace OpenSea. While brands don’t get a cut every time a sneaker is resold, they can do so with NFTs because royalties can be baked into a blockchain. RTFKT takes a 5% cut of every sale of an avatar and 10% for all other products, including virtual shoes.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike Exec Larry Miller Opens Up About Aftermath of Revealing His SecretMiller recently met for the first time with the family of the man he killed over 50 years ago.
Read more »
How to Eliminate NFT Deployment Costs and Smart Contract Hassles | HackerNoonThe fastest and easiest way to mint NFTs. No coding or deploying smart contracts, no private keys, no need to hold crypto. 1 API call to mint on 5 blockchains.
Read more »
A Brief Look at of Some of the Richest NFT Collectors of all Time | HackerNoonAs you may know, Apollo42 tracks top NFT traders based on profit made. Notably, that means the top wallet holders are sure to stand out among the rest. We took the time to examine these top traders so you can learn a little more about stories and people behind those shocking NFT profits.
Read more »
15 Top NFT Marketplaces To Check Out in 2022 | HackerNoonNFT marketplaces are emerging quickly, but among them, choosing the right one is essential. Click on the link to know the top-15 NFT marketplace.
Read more »
Reddit Reportedly Testing NFT Profile Pic Functionality – Bitcoin NewsReddit, one of the biggest micro-posting sites on the internet, is reportedly getting into the NFT field, testing a feature that will allow its users to use NFTs as profile pictures on the platform.
Read more »
NFT creators explain why this technology has ‘so much more depth’ than a profile pictureHead of Growth at Parallel NFT Franklin Fitch and artist Dave Krugman chat with host Frank Chaparro about the state of the NFT landscape.
Read more »