Adidas Plunges Deeper Into NFTs
Adidas has unveiled the third and final phase of its Into The Metaverse project, which includes the introduction of its ‘ALTS’ NFTs. At this point, many companies that began offering NFTs during the peak of the crypto market in 2021 have abandoned the sector.
The sports brand debuted Chapter 1 of this launch in April 2023, with additional functionality and improved holder benefits to be rolled out over the next few months.
Users can officially begin Phase 3 and burn Into The Metaverse tokens from Phases 1 and 2. ALTS has a dynamic user identification that changes over time due to an interactive plot, according to the description.
All web3 launches from Adidas are now housed on collect.adidas.com , according to the company. The users will also mint Phrase 3 here. Although there are no entry fees for the final phrase, having NFTs for Phrase 1 or 2 is necessary. In addition, users will have to pay the gas fees in the process on the Ethereum network.
(With inputs from Shikha Singh)
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