In the latest Web3 news, Nike unveiled dotSwoosh—the brand’s take on an NFT platform that looks to leverage they avid fan base with benefits that are yet to fully be defined, but with some exciting possibilities like: revenue-sharing on community sourced designs and physical shoes that go hand-in-hand with digital counterparts.
[It’s] . . . a shoe, but something that leads you to access to the preorder of a physical shoe that comes in several months, or a virtual shoe that one day opens access to a token gated community of Nike designs so you can vote on [future] colorways for physical shoes.”
RON FARIS, HEAD OF NIKE’S NEW VIRTUAL STUDIOS DIVISION
Super curious to see how this plays out in terms of adoption for sneaker heads, regular consumers, and resellers.