Metaverse
Nike’s Metaverse Milestone: Sneaker NFTs in Fortnite Fuel Web3 Adoption
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.
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Bitcoin
Taiwan officially allows ‘professional investors’ to buy Bitcoin ETFs.
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.
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