In this article, you will learn how to buy Adidas NFT. Fashion brands which have a huge fan base are getting into the NFT world since fashion NFTs can attract a large audience of investors, miners, gamers, artists and NFT enthusiasts. Adidas which is the third biggest apparel brand in the United States is one of them. Adidas has made its steps with Into the Metaverse NFT collection.
How to Buy Adidas NFT?
Leading fashion brands like Burberry, Louis Vuitton, and Gucci have bid their entry to this futuristic cryptographic token market.
Like most of its competitors, Adidas also released Into The Metaverse NFT in collaboration with Gomoney, Punks Comic, and Bored Ape Yacht Club. All of these contributors are popular NFT influencers who have earned a name in the world of non-fungible tokens.
So, where to buy NFTs by Adidas in the future?
You could have purchased the newly released Adidas NFT by December 17th, 2021. on OpenSea by paying a gas fee and purchase price through any of the NFT wallets.
Unfortunately, you cannot buy Adidas NFT anymore as they have already been sold out. You can surely buy Adidas NFT in the secondary market on an NFT marketplace platform like OpenSea.
Why did Adidas Launch Its NFT?
There are several reasons why Adidas entered the market with Into The Metaverse NFT. Adidas Originals Into The Metaverse has followed the NFT trend in the global fashion industry but followed it very well. The brand has partnered with one of the most capable NFT leaders and indicated that it is going to be its long-term venture.
Adidas NFT is new in terms of its redemption mechanism through which buyers can burn out their NFTs to acquire physical items and exchange NFTs in return.
Adidas shall organize four periods of product redemption where Adidas NFT buyers can burn out their tokens and avail themselves of exclusive physical merchandise.
The four items included in the physical merchandise that will be provided post verification of the NFT owner and burning out tokens are;
-The iconic Adicolor
- Firebird tracksuit (track top and track pants, as seen on Indigo Herz and Courtney)
- A graphic hoodie (as featured in PUNKS Comic #2)
- gmoney's classic orange beanie.
If a buyer does not participate in the first or a specific product redemption period, they can join in the following phase of the product redemption period.
When an NFT is burned in a particular phase of product redemption, buyers get a physical token and an NFT within an increased phase number. It also means that it is not mandatory to phase up your Adidas NFT. You can keep holding it as a unique owner.
Buyers will get a Phase 4 ERC-721 token in the final product redemption phase by burning the previous phase NFT.
Adidas has not made any assertions that would suggest if a specific phase token is more special than other phase tokens.
By adding a physical value to their NFT, Adidas has already created a benchmark that provides Into The Metaverse a real-life value for those who still identify NFTs as simple JPEGs and sometimes of no value.
Has Adidas NFT Been Up To The Mark?
Adidas released 30.000 NFTs, out of which 20.000 were reserved for early access, 9.620 for general sale, and 380 for Adidas and partners considering the future events and possibilities.
Those who see NFTs as an investment could surely bid for it. Adidas NFT was originally minted at 0.2 ETH, whereas the secondary prices may differ exponentially.
It has been an up-to-the-market deal for Adidas as all 30.000 NFTs were minted within a few hours.
The total sales volume for adidas Originals Into the Metaverse was $55.46k. The average price of one Adidas Originals Into the Metaverse NFT was $443.6. There are 19.890 Adidas Originals Into the Metaverse owners, owning a total supply of 2 tokens.
adidas Originals Into the Metaverse is a NFT (Non-fungible token) collection. A collection of digital artwork stored on the blockchain.
In total there are 2 adidas Originals Into the Metaverse NFTs. Currently 19.890 owners have at least one Adidas Originals Into the Metaverse NTF in their wallet.
Bottom Line
As the market grows, we may see more fashion brands actively taking part in the world of NFTs. If you want to be part of the new NFT Metaverse and buy Adidas NFTs, here is how to buy Adidas NFTs.
