Jump to
Main Blog Hype NFT sneakers from Adidas & BAPE

NFT sneakers from Adidas & BAPE

Pic 1

Adidas and BAPE, a Japanese streetwear brand, plan to release a limited and exclusive collection of Triple-White Forum 84 BAPE Low sneakers in honor of BAPE’s 30th anniversary. The duo will auction off 100 NFT pairs of these sneakers via Ethereum. Let's break down this innovative venture.

 

About the NFT auction

The NFTs, or non-fungible tokens, will be minted on the Ethereum blockchain. The auction begins on August 22 and will span 72 hours. The starting price for each NFT is set at 0.3 ETH (≈ $550), with no limit on the maximum bid amount. This marks the first instance of Adidas adopting such a method of selling sneakers. Enthusiasts can participate in the auction through a special website.
 

An overview of the collection

Winners of the auction will be able to exchange their NFTs to a real-world Triple-White Forum 84 BAPE Low sneakers. Each pair will incorporate an NFC chip embedded in left sneaker’s tongue. This chip grants the owner access to the Digital Certificate of Authenticity, which is an NFT, too.

Pic 2

The process behind this collaboration involves initial competition for NFTs. Then the participants exchange them for physical sneakers and their NFT-twin on Ethereum. The exchange is scheduled to be available starting September 26. Adidas has committed to shipping the sneakers by the end of October this year.

Find more information here.
 

You might also like:

What is going on in the NFT market

What is NFT

Buy Ethereum

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.