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NFT News: Adidas’ Into the Metaverse Update

Jeff Pratt breaks down Adidas’ latest Into the Metaverse update while the roadmap development continues.

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.

In case you are new to the Metaverse, check out my quick breakdown on what NFTs are and how they work. For those looking to get in the game, read my article on how to set up a MetaMask wallet.

Adidas’ Into The Metaverse Update

While the adidas Originals team continues to put together a roadmap for its Into the Metaverse NFT campaign, the company did share an update from its official Twitter account.

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

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

The update concluded with promise for a full roadmap in the future. Check out the full adidas Originals thread below:

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