Satoshi

Adidas

The STEPN project team announced a strategic partnership with the sportswear manufacturer Adidas. 
Adidas and blockchain Stepn have announced a new NFT collaboration they say is intend to revolutionize move-to-earn applications and ensure the global implementation of the Find Satoshi Lab (FSL) ecosystem. As part of the partnership, the team is set to release a collection of 1000 unique STEPN x Adidas Genesis non-fungible tokens (<a href="https://crypto.news/tag/NFT/" target="_blank" rel="">NFTs</a>). 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 STEPN x adidas: Step into the Future. We are proud to announce that we are teaming up with <a href="https://twitter.com/adidas?ref_src=twsrc%5Etfw" target="_blank" rel="">@adidas</a> and <a href="https://twitter.com/altsbyadidas?ref_src=twsrc%5Etfw" target="_blank" rel="">@altsbyadidas</a> for a long-term collaboration, to revolutionise the lifestyle app ecosystem, and bring global adoption to <a href="https://twitter.com/fslweb3?ref_src=twsrc%5Etfw" target="_blank" rel="">@fslweb3</a>. This groundbreaking partnership will contain… <a href="https://t.co/qN2xTNcbD6" target="_blank" rel="">pic.twitter.com/qN2xTNcbD6</a>— STEPN | Public Beta Phase VI (@Stepnofficial) <a href="https://twitter.com/Stepnofficial/status/1779827559208722669?ref_src=twsrc%5Etfw" target="_blank" rel="">April 15, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
According to reports, the <a href="https://crypto.news/tag/NFT/" target="_blank" rel="">NFT</a> collection will be launched on April 17 on the MOOAR marketplace. In comments to <a href="https://www.forbes.com/sites/stephaniehirschmiller/2024/04/15/why-move-to-earn-stepn-is-teaming-with-adidas-on-generative-nft-sneakers/?sh=3a38c7417403" target="_blank" rel="">Forbes</a>, STEPN CEO Shiti Manghani noted that the integration will extend across both brands’ apps, including “a product level collaboration to motivate and incentivize people for running.” 
<blockquote class="wp-block-quote"> 
 “The collaboration underscores how powerful it is when you can move-and-earn in both the virtual and real world simultaneously.”&nbsp; <cite>Shiti Manghani, STEPN CEO</cite>
</blockquote> 
The project’s naive token, GMT, reacted with muted growth to the news of a partnership with Adidas. At the time of writing, it was trading at nearly $0.26 with gains, according to&nbsp;<a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="">CoinMarketCap</a>. However, despite the latest rise, the token is 93% from its all-time high in April 2022, when GMT reached a price of $4.11. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14265625"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-15-at-16.09.38-1024x556.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="556" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-15-at-16.09.38-1024x556.png" alt="Adidas, STEPN to release joint NFT collection - 26"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
Previously, the <a href="https://crypto.news/tag/STEPN/" target="_blank" rel="">STEPN</a> team <a href="https://crypto.news/stepn-airdrop-gmt-price-sinks/" target="_blank" rel="">announced</a> the FSL points airdrop. The number of points will be distributed depending on the shelf life of digital Genesis sneakers. There will be three levels: those who have owned sneakers for more than 24 months will receive the most points, the second level – 12-24 months, and the third – 6-12 months. 
 You might also like: <a href="https://crypto.news/stepns-gmt-drops-10-amid-reports-of-alleged-token-sale-by-binance-labs/" rel=""> STEPN’s GMT drops 10% amid reports of alleged token sale by Binance Labs </a>

Adidas, STEPN to release joint NFT collection

crypto.news

Other articles published on Apr 15, 2024

New Cryptocurrency Parcl (PRCL) Listed on OKX Exchange

Surprise Cryptocurrency Move from the German Banking Giant!

Coinbase CEO Teases The Exchange’s Latest AI Integration Moves

SHIB Hits 4M Addresses Milestone; XRP and NUGX Gain Bullish Momentum

Sandeep Nailwal-Backed Nailwal Fellowship Concludes First Cohort With Founders Raising From T1 Fu...

Exploring the Impact of Early Bitcoin Movements

Join our free newsletter for daily crypto updates!