Web3 Watch: Someone at Adidas likes crypto culture

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In 2021, as NFTs grew and Meta embraced the metaverse with a vengeance, many legacy companies began working on Web3 or metaverse-related projects. In the face of a stagnating interest in NFTs, and Metaverse, a number of legacy firms quietly closed their Web3 initiatives. The project leaders left, or shifted roles. Starbucks Odyssey became the latest victim.

Adidas however appears to keep one foot in metaverse. 

Move to Earn app STEPN Announced a “long-term collaboration” The global sports company this week. So far, this partnership has included the release of 1,000 generative Solana NFTs for Adidas sneakers. 

The movement app pays rewards to users in GMT tokens and GST tokens.

Adidas NFTs are on sale for just 10,000 GMT each, which is about $2400 in current price. 

“We are ready to step into the future with @Stepnofficial,” ALTS by Adidas is written on X.

In a challenge to test their immunity, users of the Web3 survival game Crypto The Game were able to bid on Adidas tracksuits.

Evgeniy Medev was previously the head of business development for Rarible, a NFT manufacturer.

Justin Sun drops a Hans Zimmer track amid SEC chase

The film composer Hans Zimmer has a vast catalog of scores, including The Lion King and Interstellar, as well as Dune, Interstellar, TRON, a layer-1 cryptocurrency. 

Three-minute intervals are a good way to get your heart rate up. “song for the Web3 generation” It is a good idea to use a bilingual translator “a groundbreaking collaboration between legendary composer Hans Zimmer and blockchain visionary [Justin Sun],” According to a video posted by TRON on YouTube. 

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Sun established TRON in 2017, but left the role of CEO in 2021. Since then, he has been in legal trouble. The Securities and Exchange Commission (SEC) filed documents this week claiming that it has jurisdiction over Sun in its pursuit of Sun. “fraud and other securities law violations” Charges against him

TRON’s anthem is a song that was composed by “sparked by a deep conversation between Sun and Zimmer in early 2022,” The project’s description was given in a media release.

This is an interesting fact

  • CryptoSlam reports that the day before the Bitcoin halving saw a sales volume of roughly $24,000,000, or about triple what Ethereum had.

Note:

  • After a change in policy takes effect on May 20, NFTs are no longer covered by PayPal’s Purchase Protect Program. This program is designed to help protect customers from fraud.
  • A partnership between the Layer-2 Base and Magic Eden, a popular NFT platform, will take place on 25 April.
  • Crypto The Game was concluded by a lone winner who took home 80 Ether, though it wasn’t without controversy.
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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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