Home Adidas product NFT News: Adidas Metaverse Update

NFT News: Adidas Metaverse Update


The world expands and DraftKings grows with it. As NFTs continue to grow, these daily articles will serve as a hub for the latest news and notes in the space.

If you’re new to the Metaverse, check out my quick rundown of what NFTs are and how they work. For those looking to get in the game, read my article on setting up a MetaMask wallet.

As the adidas Originals team continues to put together a roadmap for its Into the Metaverse NFT campaign, the company has shared an update from its official Twitter Account.

The update was split into five parts, detailing Adidas’ physical product buyback plan and Phase 2 of the ITM (Into The Metaverse) token. ITM NFT holders will be able to connect their wallet and order a physical product from Adidas.

This will effectively burn the original token, which will be replaced with a Phase 2 Into the Metaverse ERC-1155 NFT. Each token redemption will require a gas fee, with no haste to claim.

The update ended with the promise of a full roadmap in the future. Check out the full adidas Originals feed below:

Follow NFT Drops DK social account here for updates on upcoming, live and past drops.

Join the DraftKings Marketplace conversation at DK Social.

the DraftKings Marketplace is currently only available in the United States and Canada.

You must be 18+* and reside in one of the 50 US states or Canada to buy and sell NFTs on DraftKings Marketplace.

*Must be 19 or older in Alabama and Nebraska.

*Must be 21 or older in Iowa, Louisiana and Massachusetts.

Additional requirements to access:

You must have a checked DraftKings account.

You must accept our DraftKings Marketplace Terms of Service and DraftKings Marketplace Privacy Policy before transacting on DraftKings Marketplace.

For more details and FAQs, please see our On page or help Center with FAQs!