NFTs

Adidas Prada NFT – Is Adidas Prada NFT Worth Buying?

3 Mins read

Adidas and Prada reward holders of Adidas Prada NFT – Originals Into the Metaverse NFTs and bridge the gap for a new community of creators to join the innovative world of web3.

Introducing Adidas for Prada re-source: a first-of-its-kind NFT project featuring creator-owned art, in collaboration with digital artist Zach Lieberman.

As an interactive, dynamic platform, the project enables the community to contribute to a large-scale artwork through play and discover the transformative benefits of web3, co-creation, digital ownership, and NFTs.

The project facilitates the education of new communities from art, fashion, and beyond — while rewarding participants for their creation with a share of the final artwork auction sale.

Adidas Prada NFT - Is Adidas Prada NFT Worth Buying?

The waitlist is open for 0:24:00. 

3,000 tiles, 1 canvas. Play.“As an artist, you think about different ways to make something permanent, and it’s really magical to think the work we make together through this project will be permanently recorded.”

What is adidas for Prada re-source?

Join Adidas and Prada on their shared mission to celebrate innovation with a journey into the new world of web3. A free and inclusive co-creation experience that is collaborative and open to all.

adidas for Prada re-source is a digital art creation project comprising 3,000 individual tiles created by the community. This culminates in a final artwork canvas designed by renowned digital artist Zach Lieberman, with revenue shared between all contributors and Slow Factory, a non-profit organization.

Participate in the project free of charge, with no mint or gas fees, and receive a share of revenues of the final co-created ERC-721 artwork at auction.

Why?

adidas and Prada seek to reward holders of Adidas Originals Into the Metaverse NFTs and to bridge the gap for a new community of creators to join the innovative world of web3.

As an interactive, dynamic platform, the project enables the community to contribute to a large-scale artwork through play and discover the transformative benefits of web3, co-creation, digital ownership, and NFTs — all while raising funds to facilitate the education of new communities from art, fashion, and beyond.

As an Into the Metaverse NFT holder, what does this mean for me?

adidas Originals: Into the Metaverse, NFT holders have an allocation of places available on the waitlist for the drop.

For Into the Metaverse NFT holders, adidas for Prada re-source is an additional digital activation offered as an extra benefit and does not affect the physical product claims and other activations that are being announced throughout 2022. Into the Metaverse remains an Ethereum mainnet NFT project.

How does Adidas Prada NFT work?

Participate in the project by creating your own digital image contribution, which will be included as one of 3,000 tiles in Zach Lieberman’s final curated piece, an Ethereum mainnet ERC-721 NFT to be auctioned on SuperRare from January 28.

The proceeds from the auction sale will be split, with 80% donated to Slow Factory, a non-profit, 5% to Zach Lieberman, and 15% shared between all participants who created a tile (after auction fees).

How do I participate in adidas for Prada re-source?

In order to create the most equitable access, the Adidas for Prada re-source drop will involve a waitlist to determine access to the raffle to receive an invitation to mint.

In short, there are two steps:

  1. Connect your wallet and create your image contribution to join the waitlist.
  2. Return to the website and connect your wallet. If you were successful in the raffle, mint your NFT, wh
  1. ich will be featured as one tile in the final collaborative art piece.

The waitlist is open to everyone, with sign-up open from 08:00 EST / 14:00 CET / 21:00 SGT on January 24 to 08:00 EST / 14:00 CET / 21:00 SGT on January 25.

After the waitlist is closed, wallets will be invited by raffle, as described below.

How can I be invited to participate in the Adidas for Prada re-source mint?

After waitlist sign-ups close, wallet addresses on the waitlist will be grouped by:

  • Group 1: holders of the adidas Originals Into the Metaverse NFT when the snapshot was taken at block 14041457 — 20 January at 08:57 UTC. The snapshot can be downloaded here.
  • Group 2: users who attempted to mint Into the Metaverse NFTs in the public sale, but whose transactions failed and gas was lost (this does not include mint attempts after the early access pause, the gas for which has already been refunded)
  • Group 3: all wallet addresses that do not fall into either group 1 or group 2

From each group, a randomized raffle will determine the allow-list of 3,000 wallets that can proceed to mint, comprising:

  • 1,000 addresses from group 1
  • 500 addresses from group 2
  • 1,500 addresses from group 3

Should group 1 and/or group 2 contain fewer addresses than 1,000 and 500 respectively, a raffle will not run. Instead, all wallet addresses from the given group will be included in the allow-list, with the difference between the actual number of wallet addresses and the target number being rolled into group 3.

What do I get if I participate in Adidas for Prada re-source?

As a co-creator, you mint a tile NFT, free of charge. Your tile forms part of a final artwork canvas, created by Zach Lieberman.

NFT tile creators receive:

  • 3% of secondary market sales, in perpetuity, of their individual tile, after secondary marketplace (e.g. OpenSea) fees have been deducted
  • An equal share among all tile creators of 15% of the final canvas sale at auction, after auction fees have been deducted

Please note that you must be successful in the raffle in order to mint the NFT and be part of the final art piece. Entries that are not successful in the raffle do not receive these benefits.

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Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
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