Business News Report
December 06, 2022

RTFKT community disappointed with the Cryptokicks US-only release

In Brief

RTFKT announces the release of Cryptokicks

The company will only ship the IRL sneakers to U.S.-based holders

The community is unhappy and the Clone X NFT collection’s floor price falls to 5.9 ETH

RTFKT community disappointed with the Cryptokicks US-only release

Yesterday RTFKT, the creator-led studio that became a Nike subsidiary in December 2021, announced the release of Cryptokicks. However, there’s a catch—only U.S.-based folks can actually make the purchase.

Cryptokicks are Nike and RTFKT’s futuristic physical shoes. The companies call them the first “true” web3 sneakers, as the items feature incrusted WM chips that allow holders to receive access to linked authenticated Artefact NFTs. 

The IRL kicks also have various futuristic features: customizable lighting, gesture control, auto-lacing, haptic feedback, walk detection, and app connectivity. Owners can even charge Cryptokicks in a wireless mode using the RTFKT Powerdeck.

Cryptokicks IRL “BLACKOUT” is the least expensive model from the collection, with a price tag of 0.34 ETH for Lace Engine Holders and 0.44 ETH for the general public. The futuristic-styled neon-and-black Cryptokicks IRL “SPACE MATTER” is the most pricey model, going for 0.76 ETH for the community and 1.02 ETH for the general public. Individuals wishing to purchase one of the pairs can draw public registrations through December 9. Private mint starts on December 12, while the public mint goes live on December 14. 

Despite the impressiveness of the product, the community is unhappy with RTFKT. After the official announcement release, RTFKT shared that only U.S.-based holders can receive the sneakers. 

Following the announcement, the floor price of Clone X NFTs decreased from 7.3 ETH (approximately $9,125 at the time of writing) on December 5 to 5.9 ETH (approximately $7,375 at the time of writing) on December 6. 

Will the company change its politics and try to ship Cryptokicks worldwide in order to save its community? Time will show. 

Tags:

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

Will NFTs Come Back or Crash in 2025?

by Victoria d'Este
January 21, 2025

2025 and Beyond: What’s Next for Blockchain Technology?

by Victoria d'Este
January 21, 2025
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
BNB Chain Introduces ‘AI Agents Solution’ To Streamline AI Agent Development
News Report Technology
BNB Chain Introduces ‘AI Agents Solution’ To Streamline AI Agent Development
January 22, 2025
Richard Teng: Binance Users Have Saved $1.75B In Remittance Costs Since 2022
News Report Technology
Richard Teng: Binance Users Have Saved $1.75B In Remittance Costs Since 2022
January 21, 2025
Will NFTs Come Back or Crash in 2025?
Opinion Business Markets Technology
Will NFTs Come Back or Crash in 2025?
January 21, 2025
2025 and Beyond: What’s Next for Blockchain Technology?
Opinion Business Markets Technology
2025 and Beyond: What’s Next for Blockchain Technology?
January 21, 2025