26/05/2023 Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues

The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has called the release as a success.

Nike's.SWOOSHWeb3 platform has released its first non-fungible token (NFT) sneaker collection, surpassing $1 million in sales despite persistent delays and technical issues that hindered the user experience.

The sale of thehighly-anticipated Nike virtual creationsbegan on May 15, nearly a week after theirpreviously-announced start date of May 8. The first round of sales, called "First Access," was open exclusively for select users who were airdropped "posters" that served as their early entry ticket. In total, Nike says there were 106,453 posters distributed to its earliest .SWOOSH community members.

The "General Access" sale began on May 24 – two weeks after itsproposed sale dateof May 10 – and aimed to offload any remaining NFTs from its total inventory of 106,453.

As of Thursday afternoon, over 66,000 NFTs had been sold,according to Polygonscan. Each NFT was priced at $19.82 – a tribute to the year the Air Force 1 sneaker was first released – indicating that Nike has raked in about $1.3 million from sales so far, though the sale is ongoing and now ends on June 1.

While initial numbers look promising, the launch was delayed several times due to technical and traffic issues, according to Nike, leaving excited buyers frustrated by the cumbersome process.

Meanwhile, updates from the Nike team have hinted that sales aremoving slower than expected. While popular Nike physical sneaker releasesoften sell out in minutes,over a third of the OF1 NFTs are still available for purchase.

Chronic delays and technical glitches

When the First Access sale finally took off on May 15, the launch was bogged down by repeated delays, setting the tone for a bumpy NFT mint.

On May 7, the Twitter account for .SWOOSHtweetedthat the platform needed a few more days to "fine-tune" its rollout and create a "seamless" experience.

However, when the First Access sale began,the website frequently crashed, leading to an uneven minting experience thatlasted several hours. Some users expresseddisappointmentwith the finicky experience, considering Nike's expertise in releasing limited-edition collectibles to the masses.

On May 16, Nikeextended its First Access sale"due to the ongoing tech issues," pushing back its General Access sale in response. Additional "traffic issues"led to a second delay.

On May 17, Nike said thatthere were still over 85,000 OF1 boxes left. By May 22, thatnumber still hovered around 83,000, despite what appeared to be a large number of users eagerly awaiting the ability to purchase their NFTs.

The General Access sale began on May 24, though the site was againplagued with processing delays. Some users evenreported being chargedfor OF1 NFTs despite not receiving them. In response, .SWOOSHsaidthat it "ran into an unforeseen error that held up the minting process" that "also blocked additional purchases."

On May 25, Nike tweeted thatover 55,000 OF1 boxes had been soldto over 30,000 unique buyers and hailed the sale a success. Other Nike staff praised .SWOOSH for "managing some insane traffic."

Nike did not immediately respond to CoinDesk for comment.

The global sneaker giant has been making steady moves to expand its Web3 strategy over the past several years, previouslyacquiring digital fashion startup RTFKT Studios. RTFKT has launched several successful NFTs, including itsCryptoKicks collection, and has partnered with brands likeRimowaand artistTakashi Murakamion limited-edition releases.

.SWOOSH hasteased the release of a .SWOOSH marketplacein the coming months and has toutedplans to expand into virtual and IRL experiences, gaming, mint passes and 3D Files.

Arts

https://www.coindesk.com/web3/2023/05/25/nike-of1-nft-sale-surpasses-1m-despite-delays-tech-issues/

Interesting NFTs
The King
Part of a series of three artworks entitled "The Rulers". Inspired by the rulers of the animal kingdom, african mandalas & diamonds. A very complex digital illustration, each lion consists of hundreds of custom diamond shapes. Each background is an intricate custom mandala that compliments the lions facial features.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
Russian Pete
Yo! I'm Russian Pete. In high school, I was voted school jock. I once headbutted a labradoodle. I don't like to talk about it. I hope we can be gullible friends.
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
PASSION FOR LIFE - 7/19 Limited Edition
PASSION FOR LIFE - 7/19 Limited Edition - Please enable the sound - This NFT was inspired by some of the attributes of a woman. She is so beautiful, elegant, and delicate, but at the same time powerful and full of passion. She merges with the universe and creates life in many ways, represented in this artwork by the dispersion of her body. I first sculpted this piece by hand, then digitalized it and gave it life and movement. Limited Edition 7/19 IG @ArtistLeonardo