The world is expanding, and DraftKings is expanding along with it. As NFTs continue to grow, these daily articles will serve as a hub for the latest news and notes in the space.
Sneaker powerhouse StockX is changing the game once again. The online reselling platform recently announced the launch of StockX Vault, NFTs that are backed by a physical product which is stored in a StockX facility.
This new platform is meant to increase efficiency for sneakerheads, as it replaces large shipping fees with minimal transaction fees while also allowing the product to be flipped at a much faster rate.
Owners of each token are able to have the corresponding product delivered at any time. StockX CEO Scott Cutler also believes the StockX Vault will be able to improve the authenticity and traceability of the sneakers being sold.
Learn more about the newest innovation in the sneaker game below:
NFTs are on StockX.— StockX (@stockx) January 18, 2022
Introducing #StockXVault: a digital NFT that’s backed by a physical product and stored in an official StockX facility.
Learn more: https://t.co/zGzuaftXZU
Now, secure yours ⤵️ pic.twitter.com/l9i2bzV28B
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