Latest RTFKT x Nike Dunk Genesis CRYPTOKICKS 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 announced that the public mint draw registration for its Cryptokicks iRL is now live, via Twitter this afternoon. The team recently updated the mint mechanics for the new digital shoe drop in response to community uproar over their inability to ship internationally.
Interested parties can register at RTFKT.com, and registration will be open until Dec. 9 at 11 a.m. ET. Winners will be notified via email between Dec. 13-15, and then the public mint and forging event will take place Dec. 14-16.
Holders of the following RTFKT NFTs will have better odds of being able to buy the Cryptokicks iRL:
- Clone X
- Lace Engine
- Cryptokicks Dunk Genesis
- Space Drip AF1s
- Clone Forge AF1s
More information can be found on the different shoe styles, colors, and patters at this site.
The Nike Dunk Genesis Cryptokicks have been in free-fall this week with a current floor of 0.22 ETH (-23%), while the legacy MNLTH 2, the Lace Engine NFT, is at 0.17 ETH.
TL;DR
- Clone X is the official PFP project within the RTFKT Studios ecosystem.
- Nike acquired RTFKT in December 2021
- Clone X has become a leader in digital apparel and accessories.
- The RTFKT ecosystem has expanded to PodX, MNTLH, Nike Dunk Genesis CRYPTOKICKS
What is Clone X?
Clone X is a collection of 20,000 3D NFTs from RTFKT Studios, an augmented reality (AR) fashion brand.
Clone X launched on October 22, 2021, at a public mint price of 2 ETH. The initial sale was supposed to be carried out in a Dutch Auction format starting at 3 ETH, but a DDoS attack made the website unusable and required the mint to be paused. Once the site was stabilized, the team decided to reopen minting at a flat 2 ETH cost.
Though the public sale price was 2 ETH, individuals holding an NFT from previous RTFKT drops were available to mint up to three Clone X NFTs via a presale. The mint price for wallets on the presale list was 0.05 ETH.
Upon minting during the public or presale phase, users received a Clone X Mintvial, ERC-1155 NFT. In order to receive an official Clone X NFT, users needed to "burn" their Mintvial NFT, redeeming a Clone X.
There is an indefinite redemption period for Clone X Mintvial NFTs. At the time of writing, 358 Clone X Mintvials remain and hold a floor price of 14 ETH.
Key Players in the Clone X Ecosystem
The Clone X Ecosystem is headlined by the following key players.
Takashi Murakami - legendary Japanese contemporary artist who contributed many of the cartoonish artworks to the collection, including the highly coveted "Murakami Drip" traits.
Murakami did the artwork for Kanye West's "Graduation" album cover.
Benit0 - co-Founder of RTFKT Studios, previously worked with global esports organization Fnatic.
Steven Vasilev (@Zaptio) - co-Founder of RTFKT Studios, Chief Executive Officer, and Senior Director of Product Digital/Physical at Nike.
Origins of Clone X
Clone X is a project created by RTFKT Studios, but its connections to the digital sneaker and apparel world have separated this collection from the pack.
On December 13, 2021, RTFKT was acquired by Nike. The floor price of the collection doubled after news of this acquisition came out. Controversy rose as there were a few accounts that purchased a large selection of Clone X NFTs in the days leading up to the announcement, alluding that these accounts knew of the news ahead of time and acted on it.
Value of Clone X
The RTFKT and Clone X ecosystem has become a leader in digital clothing and accessories. Holders of Clone X NFTs have been rewarded with RTFKT PodX, MNLTH, and Nike Dunk Genesis CRYPTOKICKS airdrops.
On July 4, 2022, RTFKT "unlocked" Clone X NFTs for holders. Clone X holders can connect can to the inventory website to download their matching 3D Files. The files are available in .max .blend .c4d .gltf and.fbx formats for use in Unity and Unreal Engine.
Holders have full commercial rights to their respective Clone X NFTs. The 3D files allow collectors to become creators with their avatars. Video games, content, merchandise, and other personal branding possibilities are available to each holder.
Unfortunately though, Murakami Drip Clones do not have full commercial rights as they are considered Murakami's fine art.
RTFKT PodX
PodX is a collection of ERC-1155 tokens that represent RTFKT rooms that holders can customize to display their NFTs. Holders can design the room with furniture and display it how they wish. PodX is powered by the RTFKT partnership with oncyber.
MNLTH
MNLTH is a collection of ERC-1155 tokens displayed as mysterious boxes that were airdropped to Clone X and PodX holders. MNLTH was the first co-branded product between RTFKT and Nike, representing Nike's first NFT release.
RTFKT announced a series of quests that would be required before the MNLTH boxes were revealed. The quests were not required, but the MNLTH slowly started to “break” open as they were completed.
Opening an MNLTH box revealed Nike CryptoKicks, Skin Vials, and MNLTH 2. The RTFKT X NIKE MONOLITH continues the MNLTH story and is powered by Dart X.
Nike Dunk Genesis CRYPTOKICKS
Nike CryptoKicks is the first digital sneaker collectible from Nike, minted randomly from the MNLTH box as mentioned above. Skin Vials allow holders to upgrade their CryptoKicks with limited edition skins. RTFKT's first Skin Vial Tech collection, EVO X, features 8 Clone X DNA-based Evolutive Skins.
How to Buy Clone X
Users who wish to purchase a Clone X NFT can follow the following steps.
- Go to an NFT marketplace such as OpenSea, LooksRare, and X2Y2.
- Browse for rarity with the Lucky Trader asset explorer OR;
- Purchase a Mintvial and exchange it on the RTFKT website for a CloneX avatar with random traits
- Mintvials present the opportunity to unveil a rare Clone X NFT, so the floor price tends to trade higher. The NFTs also become rarer over time as fewer vials remain to be claimed (358 at the time of writing).
RTFKT, the founder of the Clone X NFT collection, will be opening the mint for its Nike AR Hoodie tomorrow according to a recent tweet.
The private mint is set to open tomorrow at 6:00 pm ET for holders of either a Nike Dunks Genesis Cryptokicks or a Clone X NFT.
RTFKT also potentially teased a physical version of the hoodie as it hinted at "NFT + Forging of Physical" when the private mint was announced.
RTFKT teased a video showcasing the upcoming AR Nike Hoodie on Friday afternoon. The first RTFKT x Nike Hoodie NFT will have augmented reality capabilities. The new NFTs will be available to mint on July 21, with the exact time still to be announced.
Clone X and RTFKT x Nike Dunks Genesis CryptoKicks holders will be able to mint the hoodies. The private mint will involve your NFTs being "forged" for a physical hoodie. Holders of MNLTH NFTs will not be eligible for the hoodie mint.
RTFKT warned users against buying or bidding on equipped sneakers on OpenSea again on Sunday. Bad actors are able to unequip after putting it on sale, or prior to the acceptance of a bid.
RTFKT recommends to only buy unequipped sneakers or skin vials at this time.
