Market Report: Nike’s Plan for Sneaker NFTs
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 27 November 2021
⏱️ 10 minutes
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Summary
In this Market Report we talked about Nike’s plan to release NFTs with their sneakers and how that could change the market place. #nike #nft #investing
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Transcript
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| 0:00.0 | All right, let's talk about Nike, a company that we are all very familiar with, |
| 0:07.1 | a giant in the game. So Nike, not only have they entered the world of the virtual, they just |
| 0:14.7 | filed for the trademark. We'll talk about that. We posted that two weeks ago, but they're going to |
| 0:20.2 | use NFTs to verify the authenticity of items. This is something that's real big. For me, |
| 0:27.9 | everybody knows that I'm into sneakers, but I'm not a sneakerhead. I'm not really that |
| 0:32.8 | passionate about sneakers, but Troy is a sneakerhead. It's like all of these Travis Sky Air Force |
| 0:38.8 | limited edition. Hey, see what I've did today. Yeah, they dropped those today too. Shout out to the |
| 0:43.2 | sneakers that everybody would call a double in that. Shout out to y'all. Yeah, it's like all of these, |
| 0:46.8 | like it's like a sub coach. When you see somebody, it's like, oh, you got the virtual. You don't have to |
| 0:58.8 | I go, we go crazy. The been in the been in Cherry Air Force ones from Desert Storm. Oh, |
| 1:04.9 | let's crazy. That's Nika community in game. Yeah, they got my bad. They about to come after you |
| 1:11.6 | in these comments. So Troy's definitely sneakerhead. So all right, how do we feel about |
| 1:16.4 | what does this mean for these NFTs? And this is something I think is a game changer, but Ian, |
| 1:20.8 | how do you feel about this? It's an amazing adjustment because in A, it eliminates some of the |
| 1:25.6 | counterfeit issues you have globally. And then also too, it makes it more prestigious. So like, |
| 1:31.1 | a part of it is they took a very interesting marketing strategy from Sotheby's. So now only do |
| 1:36.4 | you have the item, but now you have the certificate. So now a post just saying, hey, I got them. |
| 1:41.2 | People are going to post these NFTs and certificates of authenticity as a social or cloud |
| 1:48.0 | move as well. So that's only going to drop the price up of the stock more price of items up |
| 1:53.3 | even higher. And also too, I kept saying like blockchain is going to make everything way more |
| 1:58.5 | accountable, more transparent. A lot of businesses are going to be heard as a result like the music |
| 2:03.2 | industry, but Nike and a few tech companies are going to benefit incredibly well from it. Yeah, |
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