Nike will compete with Adidas for…

Nike will compete with Adidas for… post thumbnail image

Previously one of the company’s main competitors also took steps to enter the virtual space.

Sportswear maker Nike entered the metaverse market with the purchase of NFT studio RTFKT. Information about the deal appeared on the company blog, as well as on the project’s Twitter account.

  • How much Nike’s RTFKT costs is unknown. The parties did not disclose the terms of the agreement.
  • Nike noted that the acquisition of RTFKT accelerated the company’s digital transformation. The acquisition of the NFT studio, according to representatives of the organization, will allow sporting goods manufacturers to improve the quality of customer service. In doing so, Nike will be able to use tools that work at the intersection of sport and creativity, and also include gaming components.
  • We remind you that for the first time information about Nike preparing to enter the metaverse appeared on the network in early November 2021. CNBC wrote about it.
  • Previously, representatives of one of Nike’s main competitors, Adidas, also announced their interest in the metaverse market. In early December 2021, information appeared on the network that the sporting goods manufacturer signed partnership agreements with three NFT projects. With their help, the Adidas team plans to integrate virtual reality into their business.

See also: Rapper Snoop Dogg invites fans to be neighbors in the metaverse

Keep in mind that the trend for the metaverse is set by Meta (formerly Facebook). Following him, other market participants rushed to present their schemes to enter the virtual space.

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