adidas' Digital Pass Can Be Redeemed for Physical Sneakers
Laura McQuarrie — June 21, 2023 — Fashion
References: nfcw
The booming sneaker collector market now includes sought-after phygital sneakers that combine physical and digital elements that elevate the experience of acquiring and owning limited-edition pairs. adidas teamed up with artist Fewocious for a limited-edition drop of 4,500 pairs of sneakers that must be first purchased digitally. After acquiring the Trefoil Flower Mint Pass, owners will get to redeem their pass for a pair of artist-designed physical adidas Originals Campus 00s.
The digital pass is not just a means of getting the sneaker, it also unlocks wearables for avatars in FewoWorld Fewo’s and ALTS by adidas. As adidas says, "The digital twin NFT that you mint will be an ERC721 token linked to the unique identifier of your shoe and can be verified through the NFC chip that will be attached to the hang tag on your physical shoes.”
The digital pass is not just a means of getting the sneaker, it also unlocks wearables for avatars in FewoWorld Fewo’s and ALTS by adidas. As adidas says, "The digital twin NFT that you mint will be an ERC721 token linked to the unique identifier of your shoe and can be verified through the NFC chip that will be attached to the hang tag on your physical shoes.”
Trend Themes
1. Phygital Sneakers - Combining physical and digital elements in sneakers creates a unique and elevated collecting experience.
2. Limited-edition Drops - Releasing a limited number of artist-designed sneakers digitally creates scarcity and exclusivity, driving demand.
3. Digital Twins and Nfts - Linking digital twins and non-fungible tokens (NFTs) to physical sneakers adds value and creates new opportunities for ownership and verification.
Industry Implications
1. Fashion and Footwear - The fashion and footwear industry can leverage phygital elements to create unique and collectible products that resonate with sneaker enthusiasts.
2. Art and Design - Collaborations between artists and brands offer disruptive innovation opportunities to merge physical artistry with digital technologies in the creation of limited-edition sneakers.
3. Blockchain and Cryptocurrency - The integration of digital twins and NFTs in the sneaker industry presents opportunities for blockchain and cryptocurrency companies to provide secure ownership and verification solutions.
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