The US Patent Office has granted a patent to the sportswear brand, Nike, to produce a blockchain-based sneaker “CryptoKick”. Nike stated that it intends to generate unique ID’s for each sneaker and tokenize them. Moreover, The tokens would be ERC721, Ethereum based. “When a consumer buys a genuine pair of shoes, a digital representation of a shoe may be generated, linked with the consumer and assigned a cryptographic token, where the digital shoe and cryptographic token collectively represent a ‘CryptoKick,’” the patent said. Nike looks forward to bringing out apparel (e.g., “CryptoThreads”), headgear (e.g., “CryptoLids”), and sporting equipment (e.g., “CryptoGear”) in the future.
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