Nike’s initial NFTs sales go over $1 million


Nike’s web3 platform, SWOOSH, has already made over $1 million in sales from its initial collection of non-fungible tokens (NFTs) based on the company’s iconic trainers.

An unexpected problem slowed down the minting procedure. Because of this, no more purchases could be made,” the. On May 24th, the SWOOSH team announced the public auction via a tweet.

Before that, on May 15—about a week after the initial launch date of May 8—the NFTs started selling to a small number of users.

Polygonscan statistics indicated that as of Friday, over 71,000 NFTs had been sold. There were initially 106,453 NFTs available on the market.

The retail price of each NFT is $19.82, which is a nod to the year of the first sale of the Nike Air Force 1. Nike’s NFT sales have certainly reached $1.4 million at this point, given the retail price.

The.SWOOSH team’s statements on an extension of the pre-sale for chosen customers imply that at least that aspect of the sale is proceeding slower than expected, despite having already brought in roughly $1.4 million.

To give everyone plenty of time to take part, the team announced on Twitter on May 17 that the First Access Sale will be extended until Wednesday at 11:59 p.m. PDT.

In 2022, Nike introduced SWOOSH web3 platform with the intention of selling virtual trainers for less than $50.

RTFK, a business that develops NFTs and digital shoes for the metaverse, was bought by Nike about this time and now describes.SWOOSH is a way to introduce millions of individuals to the web3 community.

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