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
Beautiful Worlds
Welcome to the ‘Beautiful worlds’ where nature and technology have merged into a single entity. These are Ai generated and hand finished visions of solarpunk future in which I would really like our future generations to live and prosper: the future we might have if we took the very “alternative route” which now lies before us: replacing states and corporations which free federations of communities and cooperatives, using decentralist and ecological technologies to create a world beyond economic scarcity and social hierarchy, defined by autonomy, mutual aid, diversity, and inclusiveness. The long-term goals of solarpunk are freedom and well-being for all by adopting and developing such ecological technologies as: solar, wind, wave and geothermal energy rather than oil or gas to generate electricity; a world of decentralized eco-cities, permaculture and vertical farming, free and open-source software, open-source hardware, small-scale fabrication laboratories, micro-manufacturing, 3D-printing, and countless examples of commons-based peer-production online: meeting the maximum amount of needs, in the shortest time, using the minimum possible amount of energy. It’s a world of decentralized and confederated eco-communities, using technology for human-centric and eco-centric ends rather than for accumulating power and profit – mending the metabolic rift between first nature (the natural world) and second nature (human culture) – and where social hierarchies of race, gender, sexuality, and disability are considered horror stories from the past “oil age”. Solarpunk desires societies of polycultural ethnic diversity and gender liberation, where each person is able to actualize themselves in societal environment of free experimentation and communal caring; This philosophy proposes that in order for the social and natural worlds to reconcile, humans must first transform their relations to each other – recreating society along egalitarian, cooperative, and democratic lines – and then transform their relations towards nature – adopting an attitude to cooperation, rather than domination, towards the planet and its nonhuman forms of life. Text by Connor Owens. This artwork took me a year to create and for you it will take a year to discover. Master autonomously updates once a day at 12am with one of 366 original artworks. Enjoy!
Lichtminer #4/4
Lichtenstein inspired wall art for the miners of ETH 5208, 4/4.
Discord Assembly
Discord logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 2/20/21. 47.5m+ views, 3.2m+ likes (as of 4/22/21).
Nyan Cat
Nyan Cat is the name of an animation uploaded on April 2 2011, and became a viral internet sensation. The design of Nyan Cat was inspired by my cat Marty, who crossed the Rainbow Bridge but lives on in spirit. I am the original artist behind the iconic GIF and have remastered the image for its 10 year anniversary. Owning this piece grants the following stats: Charisma +10 Luck +10 Happiness +15 ________________ 1400x1400 - 12 Frames
CryptoKitties
Uh, hi! My name's Kitty #443465. I once peed on Mother Theresa's cat. They had it coming. When I'm not swiping right, I'm summoning ghosts! We're so fur-tunate to have found each other!