Since 2020, we have been forced to acclimate to change, and it seems that in 2022 the world is still changing at a rate that is too fast for many.
The hype of cryptocurrency is making its way into the consumer world with NFTs that people collect and trade for profit.
We at Six Figure Sneakerhead are dedicated to providing the latest opportunities and education so you can maximize your potential, and with sneaker NFTs, 2022 may present a golden opportunity.
Here is a list of three of the most valuable sneaker NFT releases that we’ve seen to date.
The success of past projects indicates a favorable trend that sneaker NFTs will hold resale value and are absolutely here to stay.
Ok, let’s get right to the list!
1. RTFKT x FEWOCiOUS NFT Shoe
The NFT version of FEWO x RTFKT is holding prices in the five to six figures, a healthy return on the average entry point of less than $5,000.
- Release date: Saturday, February 27th, 2021.
- Retail Price: $1500-$5000
- Resale Price: $10,000-$50,000+
Artist FEWO dropped this Air-Force 1 based NFT shoe collection in early 2021 before most of the world had heard of NFTs and still managed to sell out all pairs to the tune of $3.1 million in just seven minutes.
These shoes will surely go down in history in the shoe reselling books as the first major sneaker NFT drop, and the resale value has proven to hold sky high heights nearly 1 year after their drop.
This drop was paired with physical sneakers which now trade on StockX for nearly as much as the digital versions.
Original buyers received both the NFT and the physical sneaker, so this was a huge double win for early buyers.
We’re keeping our eyes out for any new drops that might produce similar hype, and since Nike bought RTKFT in December 2021, we know that a hyped Nike RTFKT NFT drop is on the horizon sooner rather than later.
2. Steph Curry x Under Armour: Genesis Curry Flow NFT
The amazing thing about sneaker NFTs is that sometimes the price action in the digital world has nothing to do with that in the physical world.
- Release date: Thursday, December 21st, 2021.
- Retail Price: $333
- Resale Price: $300-$10,000+
Under Armour’s Steph Curry Flow model is not one that is known for resale value–in fact, it’s reliably predictable that the physical model will sit on shelves for retail long after the release date.
The digital version of the Steph Curry Flow dropped at a fairly high retail price of $333 and sold nearly 3000 pairs out within minutes.
Most sneakerheads would have overlooked this digital drop, but those in the know scooped this release up for healthy returns: resale value of the most valuable model, the Unanimous Genesis Curry Flow still holds an all time average of 9 Ethereum per pair, or nearly $20,000 in early 2022.
Four more models were dropped with resale value only recently dropping below retail for the least valuable model, The Lab, nearly 3 months after the release date.
3. StockX Vault sneaker NFT collection
It was inevitable that StockX, a top sneaker reselling platform would jump in on the sneaker NFT game, but it happened sooner than expected in January 2022, before Nike itself dropped its own sneaker NFT.
- Release date: Thursday, January 18th, 2022.
- Retail Price: $350-$1250
- Resale Price: $500-$10,000+
The StockX NFT collection released 9 different tokens associated with the most valuable and popular physical shoes on their platform from recent years.
Stockx Vault included the following models:
- Jordan Retro 1 OG Patent Bred Vault NFT
- Nike Dunk Low Retro White Black Vault NFT
- KAWS Sacai Nike Blazer Low Blue Vault NFT
- Air Jordan 4 Oreo Vault NFT
- Nike Dunk Low Off-White Lot 50 Vault NFT
- Women’s Exclusive Air Jordan 3 Retro A Ma Maniere Vault NFT
- adidas Forum Low Bad Bunny Vault NFT
- Nike SB Dunk Low Ben & Jerry’s Chunky Dunky
- Women’s Nike Air VaporMax 2019 Cactus Plant Flea Market Vault NFT
Each of the Vault NFT purchases is backed by a pair of the corresponding physical shoe.
Resale prices of each NFT model are higher than that of the physical model itself with a dramatic difference for some pairs and not so much for others.
For example, the Jordan 1 Retro High OG Patent Bred Vault NFT is now trading around $500, only a few hundred higher than the physical shoe alone.
On the other hand, the Nike SB Chunky Dunky, whose physical pair alone sells for around $1200, has a Vault NFT that is near 10x that: some bold owners are asking $40,000+. Actual sales are still posting in the $50,000+ range, a bullish signal for continued sneaker NFT value.
Sneaker NFTs in 2022
We know very well that these three collections of sneaker NFTs are simply the start of many more, expanding the billion dollar pie of sneaker reselling into the vast metaverse which may kick off an entirely new economy that some economists estimate to be in the trillions.
Although many uncertainties remain like if NFTs is simply a bubble or if it’s still too early for the general public to accept and understand them, we are certain in our ability to provide the latest and best insights into this emerging market.
Keep posted for a new version of our Hypemaster Playbook which will include a section dedicated to sneaker NFTs (free updates given for the lifetime of all owners).
All of our educational resources are constantly being updated to stay on top of the latest in this ever changing game, particularly with our exclusive Winner’s Circle which is updated in real-time, so get in now while you are still early to the sneaker NFT game!
Thanks guys and best of luck in 2022 & onwards,