Business News Report
November 15, 2022

Nike is set to launch its Web3 platform, .SWOOSH

In Brief

Nike is set to launch its Web3 platform .SWOOSH on November 18

The first virtual collection drops in January 2023

Sportswear giant Nike announces its upcoming Web3 platform, “Dot Swoosh.”

The company is not new to Web3 – in December 2021, it acquired a creator-led studio RTFKT co-founded by Benoit Pagotto, Chris Le, and Steven Vasilev in 2020. However, Nike’s upcoming platform will not be linked to RTFKT and will instead function as a separate project that aims to make Web3 comprehensible and attract the brand’s traditional fans. 

.SWOOSH will become the “home for Nike’s virtual creations” and will let customers co-create the future of the brand and its next-generation phygital garment. The virtual collectibles will include apparel, sneakers, and accessories for games and immersive experiences. Holders will have the option to create, buy, trade, and hold their phygital and virtual items within the platform. Notably, users will also be able to create their domain names under the “.nike” domain to showcase their creations. The collectibles will also grant holders access to online and IRL community events featuring Nike designers and athletes. Customers will also have the opportunity to access special drops and exclusive content, pre-order limited items, and compete in community challenges.

Nike

.SWOOSH is set to launch on November 18. The first virtual collection drops in January 2023, while December will inaugurate a dedicated education and community challenge. Nike wants its customers to learn about Web3 and adopt new technologies.

Sportswear fans can subscribe to a dedicated site to receive information about upcoming drops. 

“Whether you’re a designer, storyteller, gamer, or just have love for sport and Nike culture, we want you to build Nike’s virtual community with us,”

states the project’s website.

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About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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