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>). 
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 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>
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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.” 
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 “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>
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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. 
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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

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