Adidas and Stepn are shifting from NFTs to physical products, planning to launch sports shoes this month
According to The Block, footwear and sportswear giant Adidas and its blockchain partner Stepn announced on Thursday that they will release a limited edition of physical shoes. This move comes after the announcement in April that Adidas collaborated with Solana-based fitness app Stepn to release 1,000 NFTs, which make up the Stepn x Adidas Genesis Sneakers series. In a statement, Stepn said that later this month, the two companies will launch "a limited edition of 1200 pairs of Adidas Ultraboost 5 physical running shoes". The Adidas-Stepn shoes will only be sold on the MOOAR market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swiss Franc declines as US Dollar rises on Fed rate hike bets
South Korean stocks dropped over 1%
"Big short" Michael Burry: The AI bubble may burst "earlier than expected," replacing short positions with put options to increase leverage
Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
Variational open interest has exceeded $2 billions.
Crypto prices
More
