Nike pushes metaverse dream

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Pair: $ZRX/USDT (Binance, FTX)

Direction: 🍳LONG ——————–

Position Size: 5-10% Leverage : 3-5x

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ENTRY : 0.715 – 0.767 (OTE: 0.737) Target 1 – 0.78 Target 2 – 0.80 Target 3 – 0.91 Target 4 – 0.95

Target 5 – 1.01

Target 6 – 1.08

Target 7 – 1.16

Target 8 – 1.24

STOP LOSS: 0.66

RISK: Medium

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Nike pushes metaverse dream

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On Monday, Nike Inc announced that it had purchased RTFKT, a virtual sneaker company, for an undisclosed amount. The sportswear giant is quickly expanding its footprint in the fast-rising metaverse.

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The metaverse race is hitting up among several major brands. Last month, Nike became one of the first global brands to jump on the virtual world bandwagon following Facebook’s rebranding to Meta Platforms Inc. And earlier this month Adidas joined Nike in its wear-to-earn metaverse model.
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RTFKT was founded in 2020 by Benoit Pagotto, Chris Le, and Steven Vasilev. The innovative design studio leverages blockchain authentication, game engines, NFTs, and augmented reality to create virtual products and experiences.

Back in March a collaboration between RTFKT and an 18-year-old Seattle artist to release NFT sneakers raked in over $3 million in less than ten minutes.

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Nike pushes metaverse dream

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