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Nike's metaverse sneakers are selling for over $100,000

By The Assam Tribune
Nikes metaverse sneakers are selling for over $100,000
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Source: Twitter

Guwahati, April 29: Nike has been making an enormous bid in the virtual world as its first collection of sneakers for the metaverse is gaining more than $100,000.

Nike in association with RTFKT has launched the line of virtual sneakers known as CryptoKicks, and it is being auctioned off as non-fungible tokens (NFT) on online marketplace OpenSea.

As per reports, the CryptoKicks have now sold for well above six figures.

RTFKT and Nike created a limited edition run of 20,000 NFT sneakers called the Nike Dunk Genesis Cryptokicks. The sneakers are customisable as users can add 'skin vials' from different designers. These vials change the appearance of the sneakers, adding new elements like heel, straps, tongue flashing lights and floating swooshes.

Although these sneakers cannot be worn in real life, one can check out on the virtual world how it would look like.

Meanwhile, RTFKT warned bidders on its OpenSea page that they should not bid on "equipped sneakers," and only bid on skin vials and the base sneaker because the "blockchain is not fast enough with processing changes at the moment of buying."

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