Adidas has revealed the third and final phase of its Into The Metaverse project, which introduces NFTs ALTS. At this point, many of the companies that started offering NFTs during the crypto market peak in 2021 have turned their backs on the sector.
In April 2023, the sports brand debuts the first chapter of this launch, with additional functionality and enhanced carrier benefits to be rolled out over the following months.
ALTS evolution by adidas
Users can officially Start Phase 3 and burn Phase 1 and 2 tokens in the Metaverse (ITM). According to the description, ALTS has a dynamic user definition (PFP) that will change over time due to an interactive scheme.
ALTS is an ERC-721 token, a standard introduced for non-fungible tokens (NFTs).
The official account based on BAYC’s character, Indigo Herz, Certain This first chapter will be released on April 11th. As the story gradually unfolds, “The first moment that will affect your dynamic NFT will begin on April 15th.” Adidas pinned New York at the actual launches.
All of Adidas’ web3 launches are now at collect.adidas.com, according to the company. Users will also make statement 3 here. Although there is no entry fee for the final ferry, having NFTs for ferry 1 or 2 is necessary. Additionally, users will have to pay gas fees in the process on the Ethereum network.
In a single transaction, users can copy multiple tokens. Currently, users can copy and mint tokens indefinitely. However, no future utility will be provided for ITM Phase 1 and Phase 2 tokens if they are not burned.
according to open cThe total size of the ALTS pool is 155 ETH, estimated at over $288,000 in market hours. At the time of publication, 7,111 people owned a piece of the pool, with a minimum price of 0.41 ETH.
Meanwhile, the past seven days saw 108 sales of Adidas Originals ITM NFTs, according to NFT stats. The group’s sales totaled $76,900. Furthermore, the average group price was $712.30.
NFT competition is still steady
Similarly, competitor Nike in sportswear introduced its new Web3 platform last year. Nike unveils “.Swoosh” on Polygon to launch NFT products. Last year, the iconic US brand was the world’s most profitable brand from sales of non-fungible tokens (NFTs).
In February, sportswear company Puma Renewed web3 roadmap for its 75th anniversary. With this, I made the debut of Super PUMA PFP NFTs.
Adidas has joined several merchants promoting their web3 ambitions. Meanwhile, Ethereum was the top blockchain for NFT sellers by volume. It is followed by Solana, BNB, and Polygon Categories By CryptoSlam.
The top blockchain, Ethereum, saw volumes of $14.4 million, up 16% in the last 24 hours. By this measure, Bored Ape Yacht Club (BAYC) continues to have the largest group. ALTS ranks 54th in the Crypto Slam Rankings.
Adidas Group sales have increased over the past 24 hours. It saw a 144% increase, to $27,647. It also witnessed 38 transactions, an increase of 137%.
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