Picture this: a virtual sneaker sale, hosted by none other than the global footwear titan, Nike. And not just any sale, but a ground-breaking, trend-setting NFT auction. But like any pioneering venture, it wasn’t all smooth sailing. There were hiccups, delays, and tech gremlins. Yet, despite the bumps and bruises, the launch pulled in a cool million, proving once again that in the world of NFTs, fortune favors the bold. So, put on your digital kicks, and let’s dive into the rollercoaster journey of Nike’s OF1 NFT Auction.<h2 id="header-0">Nike’s OF1 NFT Auction Kicks Off</h2><a href="https://nftandgamefi.com/2022/11/17/nike-web3-marketplace-swoosh/" rel="noopener noreferrer nofollow">Nike’s .SWOOSH, a radical Web3 platform</a>, dropped its first ever non-fungible token (NFT) sneaker series. It was a thrill ride that saw over a cool million in sales, even though the journey was a tad rough, with delays and tech gremlins causing some frowns.The virtual party started on May 15, a tad late from the original date of May 8. The first wave of sales, the “First Access,” was an exclusive gig for select users who scored “posters” as their VIP pass. Nike was throwing around 106,453 of these posters to its early-bird .SWOOSH crowd.The “General Access” sale kicked off on May 24 – a fortnight late from its original gig date of May 10 – with the aim of selling the remaining NFTs from a total stockpile of 106,453.By Thursday afternoon, more than 66,000 NFTs had found new homes, as per the good folks at Polygonscan. Each NFT carried a price tag of $19.82 – a sweet nod to the year the Air Force 1 sneaker made its debut – indicating that Nike has pocketed a cool $1.3 million from this virtual fest, although the party is still on and set to wrap up on June 1.<h2 id="header-1">Bumps on the Road: Delays and Technical Difficulties</h2>Despite the impressive figures, the launch saw a few hiccups, with tech and traffic problems causing a stir. This left some eager buyers feeling a little sour from the cumbersome process.Meanwhile, whispers from the Nike team hint that sales are cruising a bit slower than expected. While physical sneaker drops often sell out faster than a hot concert ticket, over a third of the OF1 NFTs are still up for grabs.When the First Access sale finally kicked off on May 15, it was more of a bumpy ride than a smooth launch. On May 7, the Twitter account for .SWOOSH tweeted that they needed a few more days to “fine-tune” their roll out and create a “seamless” experience. But when the party started, the website kept crashing like a bad DJ set, leading to a shaky minting experience that lasted several hours. Some users were less than thrilled, considering Nike’s knack for releasing limited-edition collectibles.On May 16, Nike hit the pause button on its First Access sale due to the ongoing tech issues, pushing back its General Access sale in response. More “traffic issues” led to a second delay. On May 17, Nike said that there were still over 85,000 OF1 boxes left. By May 22, that number was still hovering around 83,000, despite what looked like a long line of users ready to snap up their NFTs.Read the full article: <a href="https://nftandgamefi.com/2023/05/27/nike-of1-1-million-dollar-nft-auction/" rel="noopener noreferrer nofollow">The Tale of Nike’s Million-Dollar OF1 NFT Auction</a>

The Tale of Nike’s Million-Dollar OF1 NFT Auction

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