Do you know how much Adidas achieved from its first NFT presentation?
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Answer Do you know how much Adidas achieved from its first NFT presentation?
The demand for non-fungible digital tokens is increasing dramatically, whether by individuals or companies, the latter is trying to keep pace with the trend of NFT to take advantage of the mythic demand for it and achieve returns through it as well.
Recently, the sports apparel giant, Adidas, made $23.4 million in one afternoon since its debut yesterday.
The group’s massive sales volume over the past 24 hours has topped the list as the best NFT project in the world right now, according to CryptoSlam.
The launch of the new NFT was a collaboration with the Bored Ape Yacht Club (BAYC), which is itself currently the seventh largest group by sales volume, the creator of PUNKS, and the collector of NFT nicknamed “gmoney”.Read:KuCoin prepares to launch margin trading service (leverage)
Adidas first revealed its plan towards NFT at the beginning of December when it bought Bored Ape and covered it with Adidas clothing, which we previously covered in Arab Bitcoin.
Adidas Hot Sells NFT:
There were a total of 30,000 adidas NFTs for sale.
These digital tokens were minted on the Ethereum blockchain.
20,000 of them were offered for the first time to holders of the non-fungible Pixel Vault, Bored Ape or Mutant Ape digital tokens.
The sportswear company first tweeted about its mysterious POAP tokens last month, although it doesn’t seem to memorialize any particular event.
However, due to it being a cryptocurrency, people went ahead and minted it anyway, expecting everything to become clear later.
Things became clearer when Adidas announced that it was selling this NFT to early arrivals.
Within the afternoon, all 20,000 NFT Early Access tokens were sold out.
While of the 10,000 remaining tokens, Adidas and its partners held 380 of them for “future events” and released the remaining 9,620 to the public with a maximum of two per customer, to be sold out in less than a second.Read:Ripple founder announces his investment in a new digital currency
A customer managed to circumvent the cap by deploying a custom smart contract that spawned 165 secondary smart nodes, each with a unique address, to mint two NFTs each from an adidas smart contract in a single transaction, sending 330 non-replaceable digital tokens to The address of the main creator of the Ethereum address, which is explained in this tweet.
Adidas dropped their first NFT today.
The sale was limited to a maximum of two items per person and sold out in less than a secondRead:Report: $1 billion worth of cryptocurrency was stolen in 2018 alone
One person can buy 330 in a single transaction using a custom smart contract
Quick 🧵 How did they do that
– Montana Wong (@Montana_Wong) December 18 2021
Those lucky enough to get an NFT from adidas will get exclusive access to adidas wearables, both physical and virtual, in 2022.
The Reserve Bank of India (RBI) continues to push for a complete ban on cryptocurrency
Instagram is planning to enter for the first time the arena of non-fungible tokens (NFT)
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