Sneakers Are the New Gold

TL;DR

The newest 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 primarily paper traded through NFTs.

Paper buying and selling would make this course of a complete lot simpler/quicker (and the simpler/quicker 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 primarily purchase an IOU for a bit of gold (which is saved securely elsewhere), then promote the IOU if you’re executed.

By no means to see the precise gold.

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

The newest Nike x RTFKT sneakers come paired with an NFT – which, on the floor, may really feel a little bit gimmicky…

We have been carrying/gathering 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 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 drawback 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/quicker.

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

Neat!