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Tuesday, July 2, 2024

Adidas Inks NFT Partnership

Non-fungible tokens (NFT) had a break-out year within the crypto space. We have seen periods of crowd-driven mania and cooling of interest.

Overall, the industry is steadily growing within the crypto community and gaining recognition from top brands. Thus far brands such as Visa, TikTok, and other large companies have all jumped on board to get a piece of the pie.

Another addition to the list of companies who are taking a leap into the NFT space is Adidas. They have now announced on their Twitter page that they are partnering with large brands. It is all a part of the play to join the meta-verse which is a buzzword now gaining steam.

Bored Ape NFTs right now bring at least $200,000 on the closeout site OpenSea.

GMoney is a notable authority inside the NFT people group, while PUNKS Comic was made by Pixel Vault as a feature of its central goal to use crypto-local resources through the formation of protected innovation.

Adidas’ introduction to NFTs and the metaverse follows closely following a declaration last week that it was collaborating with the US’s biggest crypto trade Coinbase.

That news came days after Adidas uncovered that it had bought virtual land in the metaverse world The Sandbox, whose local symbolic SAND as of late mobilized to another record-breaking high of $8.48.

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