Business News Report
May 08, 2023

Renault is Set to Release its Second NFT Collection, Featuring Physical Sneakers

In Brief

Renault is set to release “RACING SHOE5” – its second NFT collection that includes artworks and physical sneakers backed by NFT certificates.

The collection is scheduled to be released on May 17. Community members will be able to access the drop on May 15.

Renault is Set to Release its Second NFT Collection, Featuring Physical Sneakers

French automobile manufacturer Renault is set to release its second NFT collection. The drop, called “RACING SHOE5,” pushes the limits of innovation to link physical and digital. 

The collection includes 960 physical sneaker pairs backed by “digital twin” NFTs. Every pair features a near-field communication chip, which allows owners to redeem second, proof of ownership NFTs. By connecting the “RACING SHOE5” to their digital passports, individuals can discover the composition and the manufacturing journey of each item. Notably, the physical sneakers are reduced from eco-responsible materials, such as Leather Working Group-certified leather. So, in this case, the non-fungible token technology proves both the provenience of each sneaker and its quality.

NFTs will grant holders access to several benefits. For instance, they will have the possibility to meet the brand’s designers at Renault’s Research and Development Center. 

The collection is scheduled to be released on May 17 on Renault’s website dedicated to web3 projects. Notably, the R3NLT community members will get early access to the collection. Eligible individuals who pre-register for the drop will be able to mint the tokens on May 15. Every sneaker pair will go for €265. 

“The RACING SHOE5 collection gives Renault enthusiasts an innovative new way to engage with their favorite auto company. Renault’s second NFT drop is a unique opportunity for brand fans to get their hands on an exclusive pair of custom-designed sneakers and enjoy an immersive, 3D experience,”

shared the team behind the project.

Notably, this is not Renault’s first NFT drop. In December 2022, the company released its genesis non-fungible token collection to celebrate the fiftieth anniversary of Renault 5. The collection, dubbed “genR5,” included  1,972 generative 3D tokens. NFT holders had access to a bunch of perks, such as the possibility to visit Renault’s Atelier in Flint. 

The automobile manufacturer is not new to the metaverse either. In November 2022, the company announced the launch of the first-ever industrial metaverse. By 2025, the project will reportedly save Renault $330 million and an additional $270 million in inventory.

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

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]

More articles
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]

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
DEXX Commits To Compensating Users For Losses Following $21M Hack
News Report Technology
DEXX Commits To Compensating Users For Losses Following $21M Hack
December 6, 2024
The Future of Privacy on Public Blockchains and How COTI is Paving the Way for Secure Decentralized Systems
Interview Business Markets Software Technology
The Future of Privacy on Public Blockchains and How COTI is Paving the Way for Secure Decentralized Systems
December 6, 2024
Binance To Add Across Protocol And Orca’s Tokens To Earn, Buy Crypto, Convert, Margin, And Futures
News Report Technology
Binance To Add Across Protocol And Orca’s Tokens To Earn, Buy Crypto, Convert, Margin, And Futures
December 6, 2024
From Quantum Wallets to Luxury Crypto Payments, Bold Partnerships Are Ushering in Blockchain’s Future
Digest Business Markets Software Technology
From Quantum Wallets to Luxury Crypto Payments, Bold Partnerships Are Ushering in Blockchain’s Future
December 6, 2024