Sneakers Are the New Gold

TL;DR

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

• These ‘sneaker + NFT’ combos lay the groundwork for a world sneaker market, the place the sneakers are primarily paper traded through NFTs.

• Paper buying and selling would make this course of a complete lot simpler/sooner (and the simpler/sooner one thing is, the extra individuals will do it → the extra individuals 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 might be a trouble.

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

By no means to see the precise gold.

And weirdly sufficient, we predict 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, may 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’ combos lay the groundwork for a world sneaker market, the place the sneakers are primarily 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+ world 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 a complete lot simpler/sooner.

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

Neat!