Adidas is a pioneer in the digital space. In their latest endeavor, they created an exclusive NFT for all of their fans! This article goes into detail about what this means and how it will change the world of footwear and fashion forever.
Adidas’ New Digital DNA
Adidas was looking at the principles of web3 that really bind and sustain the community in this new open metaverse platform.
This is where people spend their time, how they want to express themselves, and what will drive companies to take actions that no one is yet comfortable with, and it’s in Adidas’ DNA to be a true collaborator brand.
Adidas had planned to release new versions of its shoes for the upcoming generation, which were so identical that it considered they should be grouped together.
Adidas sees the Metaverse as a way to open up endless possibilities for us to interact, create, and belong. It’s also the location that they focused on first.
This has been a difficult but valuable learning experience for Adidas working with the G Money, Pixel Vault, and Bored Apes Yacht Club communities.
You may have seen some of these groups on the internet, but I’m going to share a potential example that you might not have heard about yet.
These communities aren’t collecting hyped-up cryptocurrencies; they have a stake in the future of the community and I believe we can learn something from it.
Adidas has a long history of being associated with memorable events and cultural changes. Adidas adopting the open metaverse suggests a change in the policy of giving ownership to communities that participate in sports and culture.
Bored Apes Yacht Club hopes this signals the beginning of brands inviting artists to experiment with them.
The NFT will open the door to virtual wearables in the sandbox, as well as a physical product that complements available in 2022 for the metaverse NFT owners.
Bored Ape Yacht Club, PUNKS Comic and gmoney welcome adidas Originals Into the Metaverse
Bored Ape Yacht Club, Punks Comic, and gmoney work together to guide adidas Originals into the Metaverse. The unique edition digital collectible marks our collaboration and provides holders with unique physical goods as well as continuous digital usage.
The limited-edition collaborative NFT is part of Phase 1 and already is sold out. All 30,000 NFTs have now been minted.
NFT holders will be able to redeem physical goods in 2022 after verifying token ownership through the Into the Metaverse website at any time during specified intervals.
Your NFT is destroyed when you claim a physical product. In exchange, you receive a real tangible product and a replacement NFT with an increased phase number.
If you miss a physical product purchase deadline, you will be unable to reclaim that item later. Your NFT, on the other hand, will remain valid for the next claim. Participants in the final product redemption period will burn their Phase 1, 2 or 3 ERC-1155 tokens and receive a Phase 4 ERC-721 token.
The phase number of your NFT is not considered when you are issued a future advantage. Its only purpose is to make it easier for consumers to make physical product claims and lessen any confusion on the secondary market.
Holding an Into the Metaverse NFT opens up additional digital and real benefits in the future. There is no plan to add a ‘morph’ or ‘unveil’ feature.
Will I Get a Refund of The ETH that I Spent on Gas?
Transaction fees are incurred by the Ethereum network, not by NFT creators. These costs are not levied by Adidas and they do not charge them.
Who is gmoney?
gmoney, a blockchain evangelist and community builder. gmoney has been involved in Crypto since 2012 as an investor/ miner/developer/influencer on social media.
gmoney is well-known for wearing his distinctive orange beanie ape CryptoPunk, a sartorial nod to the NFT culture.
gmoney is a prominent NFT OG and crypto visionary who brought the world to digital flex, and he’s credited with educating and welcoming the broader community into the NFT sector as part of Fortune’s inaugural NFTy 50.
What Is Punks Comic?
Meet the PUNKS! The Metaverse’s most infamous misfit crew of collectors, rebels, and degens are back. In the PUNKS Comic, a NFT and physical book, Courtney plays a major part.
The goal of bringing actual digital currencies to life by giving characters, histories, backstories, and a colorful narrative to loved.
What is Bored Ape Yacht Club?
Bored Ape Yacht Club is a group of 10,000 Bored Ape NFTs from the Ethereum blockchain that have found their way into popular culture.
Each Bored Ape NFT serves as a membership to an exclusive club, giving owners access to perks such as merchandise drops and events. Adidas Originals became members of the swamp
Where Can I Get the Adidas Originals: Into the Metaverse NFT?
On the market, there is a limited supply of the NFT mint. On the secondary market, you may acquire an NFT. For example, you can buy one on Opensea.
How Many NFTs Are in The “into the Metaverse” Collection?
The collection has a total of 30,000 NFTs. 20,000 are set aside for early access (see below). A total of 9,620 NFTs will be made available to the general public, with a minimum of 380 assigned to Adidas and its partners.
What Is the Price of Each Adidas Originals: Into the Metaverse NFT?
The NFT was created on December 17, 2021, and began trading at 0.2 ETH per token. The secondary market price of each token varies.
What Do I Get if I Buy the Adidas Originals Nft?
The adidas Originals “Into the Metaverse” NFT was created in collaboration with gmoney, Punks Comic, and the Bored Ape Yacht Club, and guarantees holders access to four unique tangible goods for free throughout 2022 — in addition to the inherent value of the NFT and constant unique access for NFT owners. When you buy an NFT, it will be immediately added to your metamask wallet and may be viewed in your digital wallet or on a marketplace like Opensea.
How Do I Get the Physical Product?
There will be redemption windows for products throughout the year of 2022. Visit the website, connect your crypto wallet, and check to see if you still have access to the NFT before placing an order for a real thing at no additional cost during these periods.
The actual product redemption procedures will be announced shortly.
How Can I Tell if The Resale Collection Page Is Legitimate?
On Opensea, a genuine adidas Originals Into the Metaverse NFT collection page will have a blue verified checkmark next to the page name.
Are These NFTs Available to Buy in My Country?
Adidas is prohibited from selling NFTs to specific nations or persons who have been labeled politically sanctioned by governing bodies.
For a current list of countries and individuals banned by the United States, the European Union, and Switzerland, please see their sanction websites.
What Blockchain Are These NFTs Minted On?
The Ethereum blockchain is used to create this NFT.