StockX launched the first eight NFT sports shoes on its online marketplace.
StockX, an online marketplace and reseller of apparel, electronics and primarily athletic shoes, opened up to the world of tokens no fungibles (NFT ).
The information was made public yesterday on its website and social networks.
The NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). are in StockX.
Introducing #StockXVault : a digital digital technologies are these electronic tools that have the ability to generate, store or even process data. NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. backed by a physical product and stored in an official StockX facility.
More information: https://bit.ly/3GEddYv
Now secure yours
NFTs are on StockX.
Introducing #StockXVault : a digital NFT that’s backed by a physical product and stored in an official StockX facility.
Learn more: https://t.co/zGzuaftXZU
Now, secure yours ⤵️ pic.twitter.com/l9i2bzV28B
– StockX (@stockx) January 18, 2022
In the same thread you can see some of the exposed models, many of them already impossible to buy in the market. For example, the model Nike Dunk Low Retro Blanco Negro 2021 the model Jordan 4 Retro White Oreo 2021 , el Adidas Forum Low Bad Bunny among others. As we can see, it handles different brands and sizes and also very specific.
These are expensive models, which exceed USD $2,000 and can even go into the 5 figures. For example:
In another tweet he added that the first eight NFT items are sold out in the primary market:
All 8 #StockXVault NFT are now SOLD OUT in the primary market.
All 8 #StockXVault NFTs are now SOLD OUT on the primary market an area or arena, online or offline, in which commercial dealings are conducted. ????
Happy trading ???? https://t.co/Yk0a9ZVpC3
– StockX (@stockx) January 18, 2022
What does it consist of?
According to information from StockX, the idea is for users to invest in non fungible in cryptocurrency, fungibility is when a coin or token can be replaced by any other identical coin or token. tokens (NFT) linked to physical products, specifically sneakers.
Scott Cutler, CEO de StockX, announced the launch of the service “VaultNFTs”, which will allow users to “ unlock new trading opportunities.
“We believe that the physical items traded on our platform a place to buy, sell and store cryptocurrency are part of a new alternative asset class that can be uniquely associated with NFT. The buyer of a StockX VaultNFT will also own the corresponding physical item, including the ability to take possession of it at any time.” Cutler explained.
The physical products linked to the NFTs are stored in the company’s own secure facilities. Cada VaultNFT r Receive a unique serial number linked to an authenticated product. according to Cutler’s statements.
Los VaultNFT are coined “under custodial custodial cryptocurrency businesses are the ones that are in possession of their customers’ funds for the duration of the use of their services. authority” como tokens ERC-1155 eRC-1155 digital token standard was created by Enjin and offers more security in comparison to older token standards. It can be used to create both fungible and non-fungible assets on the Ethereum network. in the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. de Ethereum.
According to the information, users of VaultNFT no longer have to wait several days to resell a product or pay multiple shipping and authentication authentication is a process that confirms a user's identity using passwords, SMS codes, fingerprints, and other forms of ownership proofs before granting access to sensitive and/or personal information. fees.
Physical products after each NFT
It says on their company website:
“Purchase the hottest releases digitally and start saving on fees (and cabinet space). Each NFT Vault is linked to the same physical item, stored in our new, highly secure, climate-controlled vaults within the StockX facility.
So, if you’re optimistic about a shoe-in, consider investing in a Vault NFT. You take possession of the NFT immediately after the transaction is completed, which means it’s the fastest way to invest. And with no shipping costs and market-leading low seller fees at a fraction of the cost, there’s a lower hurdle to profitability.
Each NFT is minted on the blockchain, giving owners the opportunity to invest investing is when you put money in a financial scheme with the intent of making a gain. in the current culture, with cross-platform liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. on the horizon. Owners can also receive exclusive access to StockX launches, promotions and events as a result of ownership.”
As told by DiarioBitcoin These brands have also launched their NFTs. In November patents filed by Nike showed that he was exploring the slipper trade NFT . They are also making inroads into NFT Adidas y Under Armour . Both in the case of Adidas as in that of Nike his NFT shoes are related to the metaverse.
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