Athletic Shoe Giant Nike Looks Poised to Tackle Metaverse and NFTs: Report

Athletic Shoe Giant Nike Looks Poised to Tackle Metaverse and NFTs: Report


Nike, the American international shoes and sports clothing giant, is preparing to enter the metaverse and the world of non-fungible token (NFT) innovation. Reports reveal Nike has a couple of staff members “considering the metaverse” and a 2019 patent for “cryptokicks” suggests Nike has actually been preparing to utilize NFTs for rather a long time.

Nike’s Well-Known Trademarks and ‘Downloadable Virtual Goods’

Several reports show that Nike ( NYSE: NKE) is preparing to enter the non-fungible innovation world and the shoes corporation might have been preparing to do so for a while now. The senior reporter at Business Insider’s (BI) retail desk, Matthew Kish, discusses in a current analysis that “Nike is going all in on its metaverse play.” The report talks about Nike’s current U.S. Patent and Trademark Office filing released today.

A variety of popular hallmarks Nike owns were likewise consisted of such as the “ Just Do It” tagline, its SNKRS logo design, the Air Jordan “Jumpman,” and the Nike swoosh All of which can be leveraged as “downloadable virtual products, specifically, computer system programs including shoes, clothes, headwear, glasses, bags, sports bags, knapsacks, sports devices, art, toys, and devices for usage online and in online virtual worlds.”


Nike Employees Prep for the ‘Metaverse’

Kish information that on the professions web portal Linkedin, one Nike worker describes in his task description that it consists of “considering the metaverse.” According to the senior BI reporter, “numerous Nike workers likewise now have ‘metaverse’ in their task descriptions.” Nike has 2 task listings released last month showing the company is looking for virtual shoes and virtual product designers

A report coming from CNBC information that the company is likewise awaiting verification on a patent called “Cryptokicks.” In spite of all the speculation about what Nike is doing, the international shoes and sports clothing giant has actually not yet defined any main NFT strategies. The world’s biggest provider of athletic shoes was ranked 89 th in the Fortune 500 list in 2018 and in 2015 amidst the pandemic, Nike generated $3740 billion in earnings.

What do you think of Nike getting ready for the metaverse and perhaps NFTs? Let us understand what you think of this topic in the remarks area listed below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This post is for informative functions just. It is not a direct deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any items, services, or business. does not supply financial investment, tax, legal, or accounting guidance. Neither the business nor the author is accountable, straight or indirectly, for any damage or loss triggered or declared to be triggered by or in connection with making use of or dependence on any material, items or services discussed in this short article.

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