Adidas continues its long tradition with the FIFA World Cup, this time with a crypto twist.
The sports brand included its Bored Ape Yacht Club (BAYC) character named Indigo Herz in a recent promotional trailer published alongside footballing superstars like Lionel Messi and Karim Benzema.
Herz was depicted on a cereal box of “Indigoooooals” with the message that Benzema eats goals for breakfast. The video trailer was narrated by British rap icon Stormzy, who made a cameo appearance at the end as the coach driver transporting the players to the tournament.
Adidas purchased Indigo Herz, or BAYC #8774, in September 2021 for 46 Ethereum, roughly $156,000 at that time.
The move offers an interesting example of NFT rights being leveraged by large brands.
Adidas in Web3
Yuga Labs, the founding company behind BAYC, grants holders full intellectual property rights to use the characters for commercial endeavors.
Adidas thus have full license to use their Ape NFT across physical and digital products, from sports jerseys and sneakers to merchandise, much like traditional logos or naming rights.
This isn’t the first time a Bored Ape has been used in this way either. California-based restaurant Bored & Hungry also adoptedBored Ape #6184 throughout its menu and advertising.
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Decrypt's Kate Irwin interviews Kevin Seo, co-founder of Bored & Hungry, the BAYC-inspired burger joint in Los Angeles. Video shot and edited by Decrypt's Jason Nelson.
Adidas formed another partnership with Yuga Labs, popular influencer GMoney, and NFT collection Punks Comics, too, to advance their pursuit of metaverse engagements, with each character starring in Adidas’ inaugural NFT drop, titled Into the Metaverse.
Additionally, the brand is set to unveil its Capsule Collection NFT in two days.
Judging by the shape of the boxing and community sentiment, the reveal is expected to be a physical clothing item available for redemption.
Adidas Into the Metaverse NFT Phase 1 granted holders physical utility in the form of exclusive clothing items—a black hoodie embedded with Adidas’ blockchain address, a yellow tracksuit with the logos of all four collaborators, and a Gmoney orange beanie.
Phase 2, the current level, is expected to advance upon physical merchandise to provide greater utility for holders both IRL and via access to metaverse experiences.
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Tradable NFT stickers are launching on Telegram via The Open Network (TON).
Open Builders—the team behind viral tap-to-earn game Notcoin—and the DOGS meme coin community announced Tuesday that they have teamed up to open Sticker Shop. The Telegram mini app will sell limited edition digital sticker packs purchased via Stars, the messaging platform's native in-app currency that’s tied to Toncoin (TON).
Purchased stickers can be shared in chats and bought and sold via marketplaces (such as Getgems)...
The Pudgy Penguins floor price broke through $100,000, up more than 20% in the last 24 hours, as excitement and speculation surround the Ethereum NFT project and its upcoming token airdrop on Solana.
The collection of 8,888 Penguin NFTs broke an all-time high mark last week when it began trading around $62,000. Shortly thereafter, the project’s team announced that an ecosystem token—PENGU—will be launched on Solana in the near future, rewarding holders of the Pudgy Penguins ecosystem and beyond...
9dcc, the on-chain fashion label founded by pseudonymous crypto personality and investor gmoney, is preparing to release its latest project, the 9dcc Black Box, on December 18.
The drop, limited to 2,750 NFTs minted on Ethereum layer-2 network Base, is being billed by the crypto-native luxury brand as a blend of fashion, blockchain technology, and mystery.
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