Connect with us

Hi, what are you looking for?

Business

Adidas Originals and Prada are collaborating to launch NFT project showcasing user generated and creator-owned artwork

Starting on Jan. 24, fans will be able to create and mint NFTs by using a digital wallet they register with and submitting a photograph that uses the artist Ziri Lieberman’s filter in addition to a photo.

Two international brands, Adidas Originals and Prada, are collaborating for the third time to bring the adidas for Prada Re-Nylon collection boldly into the metaverse. Both brands are well known for their relentlessly progressive approach to innovation and quality.

Adidas for Prada re-source is a groundbreaking first-of-its-kind collaboration between adidas and Prada, showcasing users generated and creator-owned artwork for the very first time. As part of the project, participants will be bringing together talent from across the fashion, design, and cryptocurrency spectrum to create a large-scale digital artwork based on the Re-Nylon collection.

By 2030, Morgan Stanley predicts that the total NFT market is expected to grow to $300 billion. According to the research, luxury brands such as Gucci, Balenciaga and Kering are in the best position to profit from digital collaborations in the metaverse.

Starting on Jan. 24, fans will be able to create and mint NFTs by using a digital wallet they register with and submitting a photograph that uses the artist Ziri Lieberman’s filter in addition to a photo. There will then be 3,000 contributors chosen for the project, who will also own the intellectual property rights to their own NFTs and have the ability to participate in the drop that takes place later that week.

Adidas and Prada have announced that Lieberman’s final NFT will be auctioned on SuperRare, an online marketplace that curates NFT artworks. The majority of the proceeds from the auction will go to Slow Factory, a non-profit organization and institution striving to create education that can be used as a catalyst for meaningful solutions and inclusive communities.

author avatar
Contributor
We welcome Aspiring writers who are passionate about crypto and involved in it to join the Unbiased and Upright 4C Media Co. with a goal to spread knowledge and be a reliable source of crypto news updates.
Advertisement

You May Also Like

Cryptocurrency

This week in crypto: U.S. lifts the travel ban on Venezuela and the crypto trademark. Historic stablecoin measure passes in Senate; Thailand launches five-year...

Exclusive

The cryptocurrency marketplace will face a brutal reckoning as 99% of all altcoins die out. Let us find out why most tokens end up...

Cryptocurrency

A record-breaking data breach has exposed 16 billion passwords from Apple, Google, and Facebook. Experts warn that this massive leak poses a severe threat...

Cryptocurrency

Elon Musk’s platform X (formerly Twitter) is set to roll out built-in payment and investment features by 2025, turning it into a full-fledged financial...

polkadot
Polkadot (DOT) $ 3.36 1.54%
bitcoin
Bitcoin (BTC) $ 107,809.00 1.28%
ethereum
Ethereum (ETH) $ 2,483.25 1.68%
cardano
Cardano (ADA) $ 0.571236 2.00%
xrp
XRP (XRP) $ 2.19 0.36%
stellar
Stellar (XLM) $ 0.241925 1.45%
litecoin
Litecoin (LTC) $ 85.45 0.52%