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Adidas NFT holders will all be qualified to repurchase one physical item


December 2021, Into the Metaverse’s first successful NFT series, shocked the NFT after raising $23 million. It was a cooperative project with NFT innovators gmoney, Bored Ape Yacht Club and PUNKS Comic. So, it is no wonder that the floor price on OpenSea has reached 1.36 ETH, or about $4,000.

Adidas Originals tweeted that while they are creating the Metavers roadmap, they have a special attitude for NFT owners. From March 2022, NFT holders can repurchase physical items at no additional cost. So get ready for the iconic Firebird outfit (as seen on Indigo Herz and Courtney), a graphic hoodie (like PUNKS # 2), and the classic orange gmoney outfit.

If you have an ITM NFT, the website allows you to connect your wallet and order a physical product for each NFT maintained by that wallet. This will burn the ERC-1155 NFT in your wallet and order for the physical product. Additionally, you will get a Phase 2 Into the Metaverse ERC-1155 token.

There will be a gas cost for each redemption. Moreover, there is no hurry to request, so owners can wait as the gas is low. The team stated that they chose this “Minupass-style” approach to let secondary market purchasers know if Adidas NFTs have already been repurchased for physical items. Also, what they remain to qualify for.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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