Sneakers Are the New Gold

TL;DR

The most recent Nike x RTFKT sneakers come paired with an NFT.

These ‘sneaker + NFT’ mixtures lay the groundwork for a worldwide sneaker market, the place the sneakers are basically paper traded through NFTs.

Paper buying and selling would make this course of an entire lot simpler/sooner (and the better/sooner one thing is, the extra folks will do it → the extra folks do it, the bigger the market turns into).

Full Story

Gold is cool and all…

However have you ever ever tried to move, retailer, and safe a considerable amount of it?

Yeah, neither. However we think about it would be a trouble.

That is why paper buying and selling exists: you basically purchase an IOU for a piece of gold (which is saved securely elsewhere), then promote the IOU whenever you’re completed.

By no means to see the precise gold.

And weirdly sufficient, we expect we’re about to see the same common system kind within the sneaker market.

The most recent Nike x RTFKT sneakers come paired with an NFT – which, on the floor, would possibly really feel a bit gimmicky…

We have been sporting/amassing sneakers for many years with out the necessity for a digital certificates of possession.

What’s cool about it, is that this:

These ‘sneaker + NFT’ mixtures lay the groundwork for a worldwide sneaker market, the place the sneakers are basically paper traded through NFTs.

The extra we give it some thought, the extra it is sensible – as a result of there’s already a $10B+ international market constructed round sneaker reselling.

Solely downside is: each commerce requires each events to arrange the transport, storage, and safety of the product.

Paper buying and selling would make this course of an entire lot simpler/sooner.

(And the better/sooner one thing is, the extra folks will do it → the extra folks do it, the bigger the market turns into).

Neat!