NFT Sneakers are quite a recent development in the NFT world. They were introduced in 2020 when Steven Vasilev, Chris Le, and Benoit Pagotto founded the sneaker brand RTFKT which created sneakers that were completely digital.
Now, NFT sneakers are worth millions. For instance, teenage artist, FEWOCiOUS, collaborated with RTFKT in 2021 to launch a collection of NFT sneakers, selling out in a matter of minutes.
After this, several huge companies in the footwear business launched their own lines of NFT sneakers. But what purpose do they serve? Read on to find out.
Stepping into the Metaverse
What exactly can one do with a pair of digital sneakers? Turns out, quite a lot! With the race to the Metaverse already underway, these NFT sneakers may soon surpass physical ones in value. Your digital avatar in the Metaverse, for instance, may need a pair of cool kicks to get around the virtual world. NFT sneakers can also be overlaid on your ordinary pictures, making for a social media worthy picture.
Nike, too, has been a forerunner of the NFT sneaker hype. The footwear giant has now launched .Swoosh, a Web3 platform for all future NFT launches. They will be minted on Polygon, and the goal is to make them more affordable and accessible. According to Nike, community members will gain access to exclusive real-world perks, and may be able to co-create virtual products. The sneakers could also be used to play Web3 games.
Closing Thoughts
With Nike’s launch, the appeal of NFT sneakers is becoming clearer. Apart from being a fashion statement, NFT sneakers may be an asset on NFT gaming marketplaces. The applications of NFT are ever-expanding. It remains to be seen how they will progress in the future.
