Adidas and Stepn Team Up for Revolutionary Generative NFTs in Move-to-Earn Collaboration

Adidas collaborates with Stepn to launch a generative NFT collection, the Stepn x Adidas Genesis Sneakers series, featuring 1,000 Adidas-inspired NFTs on Stepn's marketplace Mooar. The partnership aims to engage with the move-to-earn demographic and promote Adidas' brand in the digital realm. The collection's release involves a raffle with two stages: one for Stepn users and one as a public sale. Adidas' previous NFT ventures include a collaboration with Fewocious for NFT-linked sneakers and the ALTS Dynamic NFT collection as part of its "Into The Metaverse" initiative.

Adidas and Stepn Collaborate to Launch Generative NFTs for Move-to-Earn Enthusiasts

April 13, 2023 (New York) - Global sportswear giant Adidas has joined forces with Stepn, the pioneering Solana-based move-to-earn application, to introduce a groundbreaking collection of generative NFTs. This partnership marks a strategic move by Adidas to engage with a rapidly evolving consumer demographic and explore the burgeoning opportunities in the digital asset landscape.

Genesis Sneakers NFT Collection Unveiled

The Stepn x Adidas Genesis Sneakers Series, unveiled on Mooar, Stepn's dedicated marketplace, comprises 1,000 unique NFTs inspired by Adidas' iconic sneaker designs. These digital collectibles seamlessly blend the physical and digital realms, capturing the essence of Adidas' renowned footwear legacy.

'Move-to-Earn' Advocacy at the Core

Shiti Manghani, CEO of Stepn, underscored the company's mission to promote the 'move-to-earn' concept across both physical and virtual domains. Through this collaboration with Adidas, Stepn seeks to introduce Adidas-themed NFTs that entice brand enthusiasts to actively engage in move-to-earn gameplay, seamlessly integrating their digital avatars with authentic Adidas footwear. This initiative, according to Manghani, represents a paradigm shift in customer rewards and loyalty programs.

Two-Stage Raffle Process

The Genesis Sneakers NFT collection will be released through a two-stage raffle process on Mooar, commencing on Wednesday. In the first stage, 200 NFTs will be exclusively reserved for Stepn's active user base of over five million customers. Participants can stake 10,000 GMT, Stepn's native token, to qualify for a chance to acquire an NFT. Unsuccessful participants will receive a full refund.

Strategic Implications for GMT Token

Stepn anticipates that this partnership will significantly enhance awareness and demand for its GMT tokens. Currently trading at approximately $0.2312 (according to CoinMarketCap), GMT stands to benefit from increased visibility and demand resulting from this high-profile collaboration.

Public Raffle Sale

The second stage of the raffle will open to the public on Mooar, where the remaining 790 NFT pieces will be offered for sale. Winners will be announced daily from April 18 to April 21. This phase is expected to drive significant traffic to Mooar, further solidifying the platform's position in the NFT ecosystem.

Adidas' NFT Legacy

Adidas has previously demonstrated its commitment to the NFT space through various initiatives. The brand collaborated with Web3 artist 'Fewocious' to launch a sneaker collection integrated with NFT redemption passes, providing exclusive benefits to holders. Additionally, Adidas unveiled its ALTS Dynamic NFT collection in April 2023 as part of its comprehensive 'Into The Metaverse' initiative, which was initiated in 2021.

Conclusion

The Adidas and Stepn partnership represents a significant milestone in the intersection of sportswear, technology, and digital assets. The Genesis Sneakers NFT collection serves as a testament to the growing convergence between physical and digital experiences, offering consumers innovative ways to engage with brands and participate in the burgeoning 'move-to-earn' economy. As the NFT market continues to evolve, Adidas and Stepn are poised to remain at the forefront of this dynamic and rapidly expanding space.