Latest RTFKT x Nike AR Hoodie Forged News
RTFKT signed with Creative Artists Agency (CAA), per The Hollywood Reporter and a tweet from @RTFKT today.
The Deets
- RTFKT is joining forces with CAA to expand the company's IP into film and TV.
- Nike acquired the digital design studio in 2021, and the virtual fashion platform specializes in digital sneakers and other accessories.
- RTFKT will also collaborate with CAA to create a series of webinars and other educational programming for other crypto- and 3D-focused artists.
❗ Why It Matters
Nike keeps working to expand its digital presence and create partnerships with other Web2 behemoths.
Last week, Nike Virtual Studios announced a .SWOOSH x EA Sports partnership, and now Nike's digital design studio RTFKT is signing with powerhouse talent agency CAA to explore film and TV projects based on RTFKT's intellectual property. And last month, Rumble Kong League (RKL) inked a deal with CAA Sports, so CAA's continued involvement serves to legitimize Web3 projects as well.
🎤 Founder Feedback
We've always built our brand to inspire the next generation of creators, accelerating a future where talent and creatives can merge cultures and technology in new ways. Being able to work with such a world-class team and explore new mediums for our IPs and creativity, such as TV, film and define what the future of interactive storytelling is a dream come true.Benoit Pagotto, founder of RTFKT
🎤 Community Quotes
HUGE! Are the details for this partnership out yet?
— TPan 🦇🔊 (@TPan_Web3) June 7, 2023
Curious if this is RTFKT x CAA or will extend to the creator community. If it’s the latter it’s unique and a whole different set of implications 👀
RTFKT announced that Cryptokicks iRL Hubbed NFT holders will have the opportunity to select a US shipping address between May 15th and 29th, with additional details on how the Unhubbing process will work to follow next week.
❗ Why It Matters
Unhubbing was originally scheduled to start on May 1, but instead will now take place in the back half of this month. Cryptokicks iRL Hubbed holders have a two-week window between May 15th and May 29th to unhub their sneakers and choose the address that the physical gets delivered to. This was done to give international holders time to find a place that would be able to reroute the shoes to them.
🔙 Back It Up
Within the RTFKT Cryptokicks iRL collection, there are two different states of Cryptokicks iRL: "Forged" and "Hubbed" versions.
- If Forged, the physical has already been redeemed, so don't purchase if you would like the corresponding physical component, as the Forged version is just a digital collectible.
- Hubbed versions are basically confirmed preorders where the sneaker size and color were already assigned but the shipping address was not selected.
🎤 Community Quotes
🕳️ Go Deeper
- Check Your Mailbox | RTFKT Starts Shipping! (May 1, 2023)
- Lace Engine Holders Can Mint Cryptokicks Now (December 12, 2022)
RTFKT is opening its world merging, allowing users to connect digital and physical items utilizing the RTFKT WM Chip, according to a tweet from the project.
As part of the world merging, users will be able to scan an NFC chip (RTFKT WM Chip) and link the physical item to the corresponding NFT. As part of this initial linking, users will also receive a "First Edition" link status.
Though the items cannot be unlinked until 2023, eventually upon sale of any NFT, the new user will be able to relink the NFT to its respective physical items, albeit without the "First Edition" link status.
Users will need an RTFKT physical item like the RTFKT Space Drip x Nike Air Force 1 or the RTFKT x Nike AR Hoodie, which just started shipping to holders last week, to take part in the world merging.
More updates, including details on "upgradeable links, dynamic access, and IRL quests" are expected shortly.
Additional information about the world merging process can be found in the RTFKT FAQ.
Forging for the RTFKT x NIKE AR Hoodie will go live tonight at 6:00 p.m. ET according to a tweet from the project.
The forging process allows NFT holders to redeem a physical edition of the NFT at no additional cost.
To claim the physical hoodie, users will need to be sure to forge their NFTs before the forging window closes on Monday, July 25 at 9:00 p.m. ET. There will not be another forging window for the RTFKT x NIKE AR Hoodie NFT.
The forging window is opening just one day after a heavily criticized mint in which select users could not access the RTFKT site and complete their purchases.
Despite the criticisms, the floor price remains relatively unchanged at 0.34 ETH.
Additional forging details can be found within the announcement thread. Forging will only take place at rtfkt.com.
RTFKT launched its Nike AR Hoodie NFT collection today about an hour late after the team was dealing with technical concerns. Even after the delay, the mint did not go off without issues.
Multiple users complained that the queuing experience was not working, and even when they did reach the inventory page, the screen went blank, access was denied to holders, or the required code never reached email inboxes.
"Access denied for a holder since mint," one Twitter user wrote.
"Yeah, it's really not [live] though," wrote another frustrated holder. "Did you manage to f--- up yet another mint? [You] learned nothing from Clone X, huh?"
It was possible to mint the collection through the smart contract, though. And Twitter user Vazi even posted a tutorial for frustrated would-be minters.
RTFKT responded to the situation after the mint sold out.
"We're sorry we made you go through such an unacceptable experience on our site," the team wrote on Twitter. "We take all feedback seriously, and will take actions from this."
Despite the minting issues and concerns, the RTFKT x Nike AR Hoodie collection is trading above mint price at a 0.38 ETH floor price. It has completed nearly 300 ETH in total volume in the last hour.
Physical hoodie redemption starts tomorrow, Jul. 22 and ends on Jul. 25.
