• Market Cap: $2,740,190,612,096.01
  • 24h Vol: $138,215,804,858.63
  • BTC Dominance: 38.98%

Adidas Originals & Coinbase Strike Partnership, But Keep Details Vague

Published: Thursday, 25th November, 2021 - 07:42
Source: AdobeStock/radub85

The Adidas brand Adidas Originals has announced it has made a foray into the world of crypto – with a purposely obscure tweet about a partnership with the American exchange heavyweight Coinbase.

With a cryptic bent, the brand wrote:

“We’ve partnered with Coinbase. Probably nothing.”

Coinbase replied with the popular crypto community greeting “gm” (shorthand for good morning), and tagged Adidas Originals, writing: “Welcome to the party, partner!”

The move comes just days after Adidas Originals teamed up with metaverse player The Sandbox, buying a 144-parcel space in the game’s virtual space, with a map description explaining:

“Adidas Originals is diving into the Metaverse and headed for the Sandbox with our first immersive and always-on virtual experience. Join us as we take our first steps into this brave new world of originality.”

The Sandbox responded by tweeting, with reference to phrases used in Adidas marketing:

“Impossible is nothing in the Metaverse. What if we invite all of the original thinkers and do-ers to design our future together?”

Some observers have suggested the Coinbase partnership may be linked with Adidas Orginals’ The Sandbox move, with others on Twitter suggesting that the sportswear-maker may be looking to launch a non-fungible token (NFT)-based line of virtual clothing to be used in metaverse spaces – with Coinbase acting as a marketplace.

Cryptonews.com has contacted Coinbase, Adidas Originals, and The Sandbox operator Animoca Brands for comment.

The Adidas rival Nike has been looking to acquire patents for virtual clothing items this month, and has struck its own deal with Roblox Corporation, the maker of the Roblox game.

Firms like Southeby’s and Coca Cola have also partnered with Dencentraland, and metaverse players claim that other similar deals are likely forthcoming – with big-name brands afraid of missing out on the fast-growing popularity of metaverse projects.

Other crypto community members mused that the Adidas Original move might have nothing to do with NFTs and the metaverse after all – and instead be an indication that Adidas could be ready to start accepting crypto payments for physical goods.

And one urged the clothing giant to “partner with some up-and-coming artists for real clout [around] here.”

____

Learn more:

Nike & Microsoft Rush Into Metaverse, Thai Banking Giant Goes Crypto + More News
Zuckerberg Makes Another Meta Move, Coinbase Subscription + More News

SAND Rallies as Sandbox Unveils its Upcoming Metaverse Event
Tokens.com Buys USD 2.8M Worth of Virtual Land in Upcoming Fashion District

Watch: VP of WazirX NFT Marketplace on NFT Trends, Challenges, Solutions, and More
Watch: CryptoBirb on Trends in Crypto Trading, His Exit Strategy, Bear Market, and More

This post first appeared on: Crypto News

Author: Tim Alper
Tags in this article
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram