Adidas’ Metaverse NFT Collection Sells Out in Minutes
Key Takeaways
The Adidas ORIGINALS: Into the Metaverse NFT collection sold out today almost immediately after its launch.
With 30,000 NFTs in the collection at 0.2 ETH each, Adidas and partners would have made over $23 million from today’s sale.
Minting had to be paused during the sale due to failed transactions, though the problem was later resolved.
Share this article
The entire Adidas ORIGINALS: Into the Metaverse NFT collection has sold out within minutes of its public launch.
Adidas Steps into the Metaverse
Despite technical difficulties, the Adidas ORIGINALS: Into the Metaverse NFT collection quickly sold out after today’s launch. The iconic fashion brand’s collection featured 30,000 NFTs for 0.2 ETH each. That would put the money generated by the project’s sale at over $23 million (6,000 ETH).
Adidas’ collection was conducted in collaboration with three big names in the space: Bored Ape Yacht Club, Punks Comic, and gmoney.
The NFT holders will get both physical and digital perks. On the physical side, holders will gain access to physical merchandise in 2022—the “iconic adicolor Firebird tracksuit,” a “graphic hoodie,” and “gmoney’s classic orange beanie.” On the digital side, holders will be able to attend virtual events in the Metaverse throughout 2022 “and beyond.”
The early access sale for the NFTs began on the same day as the public sale, albeit a few hours earlier, with 20,000 tokens reserved for those who qualified for early access and a minimum of 9,620 tokens reserved for the general public (380 of the NFTs were retained by adidas and its partners).
The NFT sale today was somewhat marred by technical difficulties. Minting by early access holders had to be paused for approximately two hours due to failed transactions. Adidas has already made it clear that those who lost ETH via gas fees in failed transactions will be reimbursed.
At press time, the collection’s floor price on OpenSea was 0.6 ETH.
Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Big Brands Are Chasing Crypto and Metaverse Hype
Multi-billion dollar brands are rushing into the Metaverse by purchasing NFTs, buying ENS domains, and adopting crypto-speak. Budweiser and Pepsi Get Into NFTs In August, during the peak of so-called…
The Metaverse Is Cool Now, So Adidas Bought a Bored Ape NFT
Adidas is the latest major firm to double down on the Metaverse hype, and it’s starting by joining the Bored Ape Yacht Club. Adidas Shares Metaverse Plans The Metaverse has…
Adidas Partners With Coinbase, Obtains Sandbox Land
Footwear and clothing company Adidas has announced two new crypto endeavors with Coinbase and The Sandbox. Adidas Announces Two Crypto Efforts On Wednesday, Adidas stated that it is partnering with…
How SocialGood Is Offering 100% Crypto Cashback on Online Shopping
In recent years, the rise of Bitcoin and tokenized assets has made the cashback vertical ripe for disruption. Within the cashback market, blockchain-based loyalty networks are rising in popularity among…
