Connect with us

Metaverse

Nike’s Metaverse Milestone: Sneaker NFTs in Fortnite Fuel Web3 Adoption

Published

on

Nike, a global sportswear titan, has dropped hints that it’s set to launch a collection of sneaker Non-Fungible Tokens (NFTs) in the widely popular online video game Fortnite. This partnership between Nike and Fortnite may not only spotlight the company’s innovative spirit, but also signal the potential of Web3 technology to broaden its reach, particularly among the game’s extensive user base.

The notion of integrating NFTs into the gaming landscape is a clear attempt by Nike to engage with the burgeoning interest in digital assets, demonstrating the company’s commitment to exploring the boundaries of blockchain technology in a manner that is as engaging as it is interactive.

In a social media blitz on June 16, Nike ratcheted up the anticipation with a teaser for an upcoming event, dubbed the “ultimate Sneakerhunt,” set to kick off on June 20. The promotion, characterized by a video featuring the Fortnite and Nike Air Max logos, also unveiled the name of the sneaker hunt: “Airphoria.” Notably, the video also included Nike’s .Swoosh logo – a symbol of its Web3 platform – and the Epic Games’ Unreal Engine logo.

Despite the dearth of specific details regarding the sneaker NFTs and the Airphoria event, the NFT community has been rife with speculation. Some believe Nike may have developed a game related to NFTs using Fortnite Creative 2.0, a feature that allows users to fashion their own virtual island game maps using Fortnite’s resources. If these conjectures hold true, the integration of NFTs into Fortnite by Nike could create an unparalleled gaming experience.

Nike’s dedicated NFT branch, .Swoosh, has previously declared its plans to incorporate NFTs into games developed by EA Sports. While it remains unclear which specific EA Sports titles will feature Nike’s NFTs, the engagement of .Swoosh in the imminent Airphoria event suggests NFT integration is on the horizon, aligning with Epic Games’ positive stance on NFT gaming.

Epic Games, the company behind Fortnite, has shown a considerable openness towards NFT gaming. This acceptance of innovative technologies and the exploration of new areas within the gaming industry has fostered an environment conducive to NFT-related experiences – a direction that parallels Nike’s objective of using NFTs to engage the gaming community and demonstrate the potential of Web3 technology.

Nike’s collaboration with Fortnite could serve as a significant step to introduce Web3 technology to traditional gamers. With Fortnite’s substantial player base, the integration of NFTs into the gaming experience could act as a conduit for wider adoption and exposure to digital assets and blockchain technology. The intention here, it seems, is for Nike to immerse players in the world of NFTs, thereby sparking interest, stoking curiosity, and encouraging a deeper exploration of the Web3 ecosystem.

Nike’s subtle tease of a sneaker NFT collection within Fortnite has piqued the interest of both gamers and NFT enthusiasts. This partnership between Nike and Epic Games symbolizes a potential turning point in the acceptance of Web3 technology within the gaming industry. As the Airphoria event unfolds, players and fans are on tenterhooks, eagerly awaiting the chance to engage with NFTs and explore the potentialities of digital ownership within the gaming world. Nike’s strategic move could very well herald a new era of convergence between gaming, fashion, and blockchain technology.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Bitcoin

Taiwan officially allows ‘professional investors’ to buy Bitcoin ETFs.

Published

on

By

In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds.

The report notes that there is a specific criteria to meet for those hoping to invest. “Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors,” the FSC clarified.

Additionally, there must be a board-approved suitability assessment for securities firms looking to invest in crypto ETFs. This will coincide with mandatory educational efforts for businesses. Specifically, this will seek to teach more about cryptocurrency, and its inherent risks. Yet, the decision still adds Taiwan to a list of nations looking to further embrace crypto as a growing,a nd globally important, asset class.

Continue Reading
Bitcoin1 week ago

Argentina President Javier Milei meet with El Salvador President Nayib Bukele in Buenos Aires.

Bitcoin1 week ago

Taiwan officially allows ‘professional investors’ to buy Bitcoin ETFs.

Crypto2 weeks ago

LUNC Community has burned 726M USTC

Bitcoin2 weeks ago

Spot Bitcoin and Ether ETFs Record Second Day of Inflows

Bitcoin3 weeks ago

Terra Classic is Making a Comeback!

Crypto3 weeks ago

Terra Luna Classic developers successfully completed the v3.1.5 upgrade.

Bitcoin3 weeks ago

Big Day for Terra Classic!

Bitcoin3 weeks ago

LOUISIANA GOVERNMENT NOW ACCEPTS BITCOIN AS PAYMENT.

Bitcoin3 weeks ago

Bitcoin miner Mara now holds 26.2K $BTC in its corporate treasury.

Bitcoin3 weeks ago

Singapore’s biggest bank, DBS, to launch Bitcoin and crypto options trading.

Bitcoin3 weeks ago

MicroStrategy increased its capital

Bitcoin3 weeks ago

$500 billion Commerzbank to offer Bitcoin and crypto trading.

Bitcoin3 weeks ago

Deutsche Digital Assets just launched a macro Bitcoin ETP today.

Bitcoin2 months ago

Bitcoin exchange-traded products begin trading on the London Stock Exchange

Bitcoin7 months ago

Interview with Valeriia Trubnikova from GO GREEN

Bitcoin7 months ago

Interview with Mehmet Deniz Percin from Areon Network

Bitcoin7 months ago

Exploring the Future of Crypto with Mohamed Azzi from Sastanaqqam

Bitcoin7 months ago

Interview with Bill Wang from Bitunix

Bitcoin7 months ago

Zex PR Wire: Revolutionizing Media Announcements

Bitcoin7 months ago

Exploring the Future of Crypto, NFTs and Metaverse with Vibhor Khandelwal of Expand My Business

Bitcoin7 months ago

Sunmoney Solar Group Embraces the Future with Blockchain and AI at Dubai Event

Bitcoin7 months ago

MetaYobi: Pioneering the Next Era of Blockchain and NFTs

Bitcoin7 months ago

Foxify’s Evolution: A Deep Dive into Their Cryptocurrency Initiatives

Bitcoin7 months ago

A Deep Dive into Achainable’s Vision and Expertise | Insights from Dubai’s Tech Event

Bitcoin7 months ago

Blockchain Economy Summit Dubai, CoinReporter interview with CoinsDO

Advertisement

Trending