Adidas Unveils Chapter 1 of the ALTS Dynamic NFT Collection

Adidas, the global sneaker and lifestyle brand, has expandedEnter the Metaverse Ecosystem non-fungible token (NFT) with the launch of a collection called ALTS by Adidas

Adidas openThe Into The Metaverse collection debuted in December 2021, promising NFT holders “exclusive access to collaborative merchandise and virtual experiences throughout 2022” in collaboration with NFT influencer gmoney. , PUNKS Comic and the Bored Ape Yacht Club allow holders to burn their NFTs to earn new ERC-1155 tokens from the next phase of the project and get real clothes.

NFT holders from the first two phases of the Into The Metaverse collection can burn their NFTs to earn new NFTs from the Ethereum-powered ALTS collection by Adidas, paying only for gas.

The new collection will offer various utilities for holders, including a stake in the ALTS ecosystem by Adidas, commercial intellectual property rights ( IP ) something for their characters, access to exclusive virtual wearables, and more.

At the time of writing, the Into the Metaverse collection with floor price At 0.57 ETH (approximately $1,000) and trading volume of 48,771 ETH (approximately $93.4 million) since launch, the ALTS by Adidas collection has a floor price of 0.59 ETH (approximately $1,100) and volume. Trading 320 ETH (about $613,000)

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