Nike and RTFKT have unveiled the first Ethereum NFT Metaverse sneakers, and they’re complete with style-changing Skin Vital NFTs, as we read more about today in our latest Ethereum news.
Nike and RTFKT introduced the first Metaverse digital sneakers and the giant acquired NFT company RTFKT Studios in December. Sneaker giant Nike made a big entry into the metaverse back in December when it acquired RTFKT Studios, a company known for its original digital sneakers sold as NFT assets. That alliance bore fruit today when they announced the first Ethereum NFT sneakers.
RTFKT joins Nike CryptoKicks to introduce the future of sneakers powered by Skin Vial technology
Welcome to the year 2052 : 🌐👟🧪 pic.twitter.com/7449L79Bf4
– RTFKT Studios (@RTFKTstudios) April 22, 2022
The RTFKT x Nike Dunk Genesis CryptoKicks are digital wearable items designed for use in the Metaverse worlds, while RTFKT unveiled them on Twitter as a teaser video showing how the look of digital shoes can be changed into skin vials, which can be swapped out to allow for variations in styles. Nike’s first CryptoKicks can be opened via RTFKT’s MNLTH Ethereum NFTs, which were airdropped in February for free to holders of the valuable CloneX profile picture NFTs and other previous NFTs. The NFT is a type of token used to indicate ownership of digital assets such as artwork, video game items, and anything else found online.
This is insane. I just opened mine #mnlth!! And look what I have!
3. Free Mblth2 Mint Passes
— Yovie | Celebrities 👑 (@yoviexj) April 22, 2022
Today’s reveal comes after a series of quests, puzzles, and collectors that had to be solved before RTFKT launched the website that allows holders to open the NFT Vaults. As some owners have shared via social media, the vaults contain part of CryptoKicks, a Skin Vial, and another MNLTH vault. Owners of the RTKFT x Nike Dunk Genesis CryptoKicks NFTs trying to resell the ETH-based digital sneakers on the secondary markets and OpenSea, the sneakers started at around 5 ETH or over $14,800 at the time of writing. In December 2019, Nike received a patent for cryptoKicks as a blockchain-powered system where the digital assets can be paired with a physical product.
As recently reported, Nike has sued online sneaker reseller StockX after it filed a lawsuit in New York federal court today alleging that the seller sold images of Nike sneakers as NFTs without authorization. Since the beginning of the year, StockX has sold a wide range of sneaker-themed NFTs as part of its “Vault” collection. The NFTs are modeled after real sneakers, and Nike complained that StockX told buyers that the unauthorized NFTs will be redeemable for physical goods in the near future.
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