In a press release published on November 14, Nike introduced “.Swoosh”, a new web3 platform powered by the polygon network. According to the luxury sportwear brand he new platform is a destination for virtual assets and Polygon-based non-fungible tokens.
In April of last year, Nike unveiled a collection of virtual sneakers as NFTs, marking the company’s official entry into the metaverse market. Nike is currently one of the best-known luxury brands in the metaverse.
Launching .Swoosh, Nike has showed its its efforts to expand in the metaverse. The sportswear company has provided the new platform with virtual and NFT capabilities, as well as potential pathways for customers to participate in as co-creators and share in digital product.
Nike anticipates adopting the new web3 platform as a market platform for virtual apparel assets, such as t-shirts and sneakers for avatars that consumers may use in metaverse games. Thanks to web3 technologies, users of the new platform will be able to access real-world items like tangible clothing and live chats with well-known athletes.
Nike also has a plan to launch new NFTs in the beginning of the next year. As planned, Polygon was also chosen for Nike to introduce new NFT apparel.
The next virtual sneakers, according to Nike, will cost less than $50 for a pair. In April, Nike released similar virtual sneakers on the Ethereum mainnet. According to the general manager of Nike Virtual Studio, Ron Faris, Nike is “developing a marketplace of the future with an accessible platform for the Web3-curious.” and “the .Swoosh community and Nike create, share, and benefit together” in this new space.
Nike also revealed that it would make digital apparel for CloneX NFT avatars. Clonex NFT’s owners can use new apparel in supported Web3 gaming and metaverse settings.
According to Nike, people would be able to start to register for the .Swoosh project later this week.
Self-driving air taxis have long been a tantalizing vision of the future, and now, they’re one step closer to becoming a reality in China. Guangzhou-based Ehang, a leading player in the electric vertical take-off and landing (eVTOL) industry, recently achieved a major milestone.
Adobe, the software giant renowned for its creative solutions, has once again pushed the boundaries of innovation with a slew of updates designed to revolutionize the world of digital creativity. Adobe MAX 2023 saw the unveiling of remarkable enhancements, all underpinned by the formidable power of artificial intelligence (AI). In this article, we will delve into the highlights of Adobe’s recent updates, as outlined in their official announcement.
In the world of tech giants, strategic partnerships and negotiations often determine the trajectory of entire industries. A recent revelation in the ongoing US government’s antitrust lawsuit against Google has shed light on some of Apple’s past decisions that could have had a significant impact on the search engine landscape.
TikTok, the wildly popular short-form video platform, is making waves in the digital advertising world with its latest move. Reports from multiple sources have surfaced, pointing to the confirmation of TikTok testing an ad-free subscription service.
TikTok, the wildly popular social media platform, has faced its fair share of challenges in recent years, particularly regarding its ownership and ties to China. However, its ambitions in Southeast Asia are now facing a significant hurdle as Indonesia, its largest market in the region, has imposed a ban on shopping transactions on social media apps.
Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent announcement, Google revealed a series of exciting enhancements to Bard, aiming to provide users with a more powerful and versatile tool for various tasks.
In a bold move to navigate the ever-evolving landscape of e-commerce and cloud computing, Alibaba Group is embarking on its most ambitious restructuring to date under the leadership of its new CEO, Eddie Wu. As the company faces challenges in a slowing Chinese economy and stiff competition, Wu is determined to revitalize Alibaba’s strategy by placing a strong emphasis on artificial intelligence (AI) and promoting younger talents to senior management positions.
TikTok, the wildly popular short-form video app, has been hit with a massive €345 million ($368 million) fine by the Irish Data Protection Commission (DPC) for failing to adequately protect children’s privacy on its platform.
China’s economy is displaying hopeful signs of recovery in August, but the real estate sector continues to struggle, posing challenges for the nation’s economic stability.
Arm, the renowned British chip designer under the SoftBank umbrella, is gearing up for a high-stakes $5 billion initial public offering (IPO). While excitement surrounds this significant move, investors are growing increasingly wary of Arm’s business ties to China, particularly amidst escalating tensions between the United States and Beijing over chip technology. Let’s dive into the complexities of Arm’s China dealings and the challenges it faces.
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Cultural differences between the East and the West
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Vietnam received recognition in the 29th World Travel Awards in numerous categories
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Vietnamese dishes that fascinate foreigners
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First NFT vending machine in the world is now operational in New York
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The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
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