Swappable, a new digital collectible company, has partnered with Another-1, another company focused on digital assets, to bring a new installation of sneaker NFTs. This NTR1-META project has similarities to some other projects that we’ve looked at, keep reading to learn more.

Promotional image of the NTR1 Phygital sneakers from Swappable and Another-1.
Promotional image of the NTR1 Phygital sneakers from Swappable and Another-1. Image via Swappable.

The Project

The collaboration between Swappable and Another-1 is something truly special and exciting for the Metaverse.

The collection goes live on March 17th at 13:00 UTC. There are a total of 5,555 NFTs and they will be launched on the Swappable marketplace.

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5,000 sneakers will go live on March 17th, and the remaining pairs will be sold during Decentraland Fashion Week taking place from the 24th to the 27th of March.

Here’s a quote from the CEO of Another-1 on the future of projects like this:

We aren’t talking about any change, but the evolution of the highest spheres. Digital to physical luxury goods. These sneakers are conceptualized for those revolutionary challengers seeking to evolve and seize the cutting edge of luxury goods as they morph into our digital future

Marco Stagliano, CEO of Another-1

The word phygital comes from a combination of physical and digital. These sneakers, while released as an NFT, are redeemable for real-life pairs handmade from Italian designers!

A digital NFT of Swappable's 'phygital' sneakers.
A digital NFT of Swappable’s ‘phygital’ sneakers. Image via Business Wire.

What It Means for Reselling

We’ve said this time and time again, this is the future!

A lot of people have been skeptical or totally dismissive of digital assets because of the fact that they aren’t tied to any physical, tangible objects. It’s hard for people to imagine a world where a JPEG image has real value.

But these NFTs are tied to physical sneakers. This is similar to what we’ve seen with StockX and Metakicks.

This means that reselling is going ‘phygital’, and that’s huge. Physical reselling isn’t dead, in fact, it’s far from dead. and that’s why you should check out our Hypemaster Playbook!

If you are one of the millions of people who have seen hundreds of articles about NFTs and the Metaverse and just kept scrolling, it’s time to wake up.

You aren’t seeing tons and tons of articles for no good reason, there is serious value here. The value that you can capitalize and profit off of. The value is 100% the future and the future of reselling.

If you don’t know where to start, start here, at Sneaker Flippers. First, check out this article about how NFTs are changing the sneaker game. Then, check out this article about NFT terminology.

Finally, do some research! Go out there and look things up. You’ll slowly begin to learn about space and its impact on you and the future.

Image of digital NFT sneakers from Swappable and Another-1.
Image of digital NFT sneakers from Swappable and Another-1. Image from Swappable.

Frequently Asked Questions

What is an NFT?

A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of data units may be associated with digital files such as photos, videos, and audio.

Can I create my own NFT?

To make an NFT of your artwork, you’ll need to choose a platform and a payment wallet, the latter of which you’ll need to use to pay fees – and to receive any payment if you’re lucky enough to sell your NFT. There are lots of online platforms you can use to make and sell an NFT.

How do you make money with NFTs?

Some entrepreneurs and investors utilize them like stocks and profit by buying and selling them. If you have already purchased a collection of NFTs and don’t need them anymore, you can easily sell them the same way you would if you were to create them yourself. The only step you’ll skip is the minting process.

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Author

Ben Atkinson

Ben has been reselling for over 6 years. Even though he is very experienced, he is still looking for that next level in the reselling game. His favorite sneaker is the Jordan 1 'Chicago'

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