Let’s know about Nike’s first digital metaverse sneakers called CryptoKicks based on the Ethereum NFT
A metaverse is a network of 3D virtual worlds focused on social connection. The metaverse is a virtual world in which people can interact, communicate, and play together. In the future, our physical world will merge with the digital in fully immersive virtual reality. The metaverse will enable everyone from any place, and at any time to socialize, do business, and do many other things we do in the real world.
CryptoKicks is a patented technology by Nike to primarily combat counterfeiting of footwear using blockchain. It is helpful to use a specific company to explain how this technology will work. The shoes, called Nike CryptoKicks, are modeled after the Nike Dunk sneaker and mark the brand's long-awaited entrance into digital clothing. The first Nike metaverse NFT wearables are now live, complete with style-changing Skin Vial NFTs.
CryptoKicks: Nike’s first digital metaverse sneakers:
Nike’s digital metaverse sneakers, the Ethereum NFT-based RTFKT x Nike Dunk Genesis CryptoKicks. The sneaker giant acquired NFT firm RTFKT studios that produce digital collectibles, including virtual sneakers. The opportunity looks lucrative while RTFKT, it’s already raked in millions of dollars for virtual sneakers. In purchasing RTFKT, Nike looks to be one step closer to delivering on this vision of its metaverse.
When you buy a pair of the CryptoKicks, you’ll also receive a digital asset attached to a unique identifier of that shoe. When sneakers are sold to someone else, ownership can be transferred by trading both associated digital assets. These digital assets can be stored in a cryptocurrency wallet type app it’s called a Digital Locker.
Nike started thinking about non-fungible tokens when the footwear giant received a patent for blockchain-compatible sneakers are CryptoKicks. These are connected to physical sneakers and they can transform into new products in the metaverse. Nike envisages that users will store CryptoKicks items in digital lockers and Nike consumers will be able to purchase metaverse items while attending live events.
CryptoKicks are digital wearable items that are designed for use in metaverse worlds. Nike’s metaverse sneakers can be opened through RTFKT’s MNLTH Ethereum NFTs, An NFT is the type of token that is used to demonstrate ownership over digital assets, such as video game items, artwork, or just about anything else online.
With the RTFKT Discord server, the firm will send off a mission series to open the MNLTH 2 vaults in the not-so-distant future. Each set of CryptoKicks will likewise highlight a development way that empowers them to be advanced here and there. As of now, proprietors of the RTFKT x Nike Dunk Genesis CryptoKicks NFTs are endeavoring to exchange the Ethereum- based digital sneakers on secondary markets.
In this case, a sports shoe, Nike’s patent applications reveal the company’s best estimation. The patent outlines a system whereby blockchain can be used to attach cryptographically secured digital assets to a physical product. Nike has filed a patent for intelligent electronic shoes and CryptoKicks. Its aims to sell will track user activity, turning these steps into metaverse rewards. A blockchain-powered system in which digital assets can be paired with a physical product.