RTFKT Drops First-Ever Physical Nike Web3 Sneaker with Move-to-Earn
RTFKT, the Web3 subsidiary of Nike, is getting ready to launch its first physical Web3 sneaker. Aiming to combine the physical and digital worlds, the bi-dimensional product takes inspiration from the legendary Nike Mag.
The ’90s icon was released around the same time Back to the Future II hit cinemas. Nike Mag’s Web3 version, the Cryptokicks iRL, is the first advanced smart sneaker that includes such features as:
- Walking detection
- Gesture control
- Wireless charging
- Auto lacing
- Haptic feedback
- Enhanced lightning
- Move-to-Earn
How to get Cryptokicks iRL
The new Nike X RTFKT sneakers are limited to 19,000 copies. Four colors can be chosen – Stone, Ice, Blackout, and Space Matter. Firstly, the NFT enthusiasts looking to grab some of the Cryptokicks iRL will have to register on RTFKT and connect their crypto wallet. Registration opens on December 7th, 2022. According to the official website, the minimum requirement is to have at least 0.5 Ethereum (ETH).
However, for those who hold Lace Engine NFTs, there will be a dedicated private mint on December 12th, 2022. Hence, crypto lovers would have to purchase the NFT first, while the physical version of the sneakers will be shipped soon after. Ultimately, every physical Nike Web3 sneaker will have RTFKT’s WM Chip implemented, which connects both the physical and digital products via the RTFKT mobile app.
On the Flipside
- The Web3 physical sneaker won’t be delivered outside the US, which caused immense backlash and disappointment on Crypto Twitter.
- For instance, some crypto enthusiasts bought NFTs worth thousands of dollars to get the $130 discount for Nike’s Web3 shoes, not knowing they won’t be delivered overseas.
Why You Should Care
Nike is the most prominent fashion brand in Web3, having scooped up $185 million in revenue in its debut year through several successful NFT collections.
