'Sneaks' is an NFT-Based Platform for Trading Sneakers via NFT Art
Colin Smith — September 2, 2022 — Business
References: sneaks.world
'Sneaks' is an online NFT-based platform that allows users to trade digital assets tied to physical items. Users with limited-edition, rare, or expensive sneakers can mint digital artwork of these sneakers to validate their ownership of the item. During the validation process, the physical sneakers are submitted to Brink's, a secure global logistics and valuables transportation company.
Once Brink's has the limited-edition sneakers, the digital artwork owned by the creator becomes validated. Then, the owner can trade the NFT sneaker artwork on the platform with other users around the world, all in a quick and seamless process that happens instantaneously. At any point in time, the current owner of any given Sneaks NFT can choose to redeem the NFT in exchange for the physical item it is tied to. This allows for collectors to have easily movable digital assets tied to real-world physical rarities.
Image Credit: Sneaks
Once Brink's has the limited-edition sneakers, the digital artwork owned by the creator becomes validated. Then, the owner can trade the NFT sneaker artwork on the platform with other users around the world, all in a quick and seamless process that happens instantaneously. At any point in time, the current owner of any given Sneaks NFT can choose to redeem the NFT in exchange for the physical item it is tied to. This allows for collectors to have easily movable digital assets tied to real-world physical rarities.
Image Credit: Sneaks
Trend Themes
1. NFT Sneaker Trading - The growing market for NFTs and sneaker collecting creates an opportunity for online platforms to facilitate the trade of digital assets tied to physical sneakers through NFT artwork.
2. Digital Twin Validation - The use of digital twins to validate ownership of physical items such as limited-edition sneakers presents an opportunity for innovation in logistics and supply chain management.
3. Seamless Asset Trading - The instant and seamless process of trading NFT sneaker artwork on online platforms creates an opportunity for businesses to explore new models of digital asset trading and ownership.
Industry Implications
1. Fashion and Retail - The trend of digital asset trading for limited-edition sneakers represents an opportunity for fashion and retail companies to explore new models of sneaker ownership and trading.
2. Logistics and Transportation - The use of secure logistics and transportation companies, such as Brink's, to validate physical ownership and enable instant trading of digital assets tied to physical items presents an opportunity for innovation in the logistics and transportation industry.
3. Blockchain Technology - The use of blockchain technology to facilitate the creation and trading of NFT artwork tied to physical items such as limited-edition sneakers presents an opportunity for growth and disruption in the blockchain industry.
4.5
Score
Popularity
Activity
Freshness
