Latest RTFKT X NIKE MONOLITH (MNLTH 2) 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)
Lace Engine NFT holders can now mint and forge their Cryptokicks iRL NFTs, said RTFKT in a tweet Monday.
Holders have until Dec. 14 at 8 a.m. ET to choose one of four specially designed sneakers that range from 0.36 ETH to 0.8 ETH in price.
The price of the Lace Engine NFT has fallen from around 0.59 ETH earlier this month to around 0.0648 ETH now. The NFT allowed users to guarantee a mint of the Cryptokicks iRL and receive a discount from 0.08 to 0.27 ETH depending on the shoe.
Users will need an RTFKT account to mint and forge the shoes and a U.S. shipping address to collect them. The project responded to concerns from international holders by announcing a "hubbed" version of the NFT which can be forged in May.
The Lace Engine forge is different from the public raffle, which mint and forges Dec. 14-16.
RTFKT announced the appearance of MNLTH X on Thursday afternoon, with the new airdrop going out to holders of MNLTH 1 or 2 based on a snapshot taken on Dec. 5.
Behold a mysterious MNLTH X that has appeared from a time thought lost 🗿 pic.twitter.com/F6FDfoke5n
— RTFKT (@RTFKT) December 8, 2022
MNLTH X currently holds a floor of .76 in early trading post-airdrop.
The airdrop comes in the wake of a tumultuous week for RTFKT, which faced significant backlash following an initial announcement that IRL CryptoKicks would only be available to ship to holders in the United States.
The floor price of MNLTH 1 is down 57% to 0.97 ETH over the last seven days, with MNLTH 2 down a whopping 92% to 0.108 over the same time period.
RTFKT addressed the community prior to the airdrop on Thursday in a Twitter Spaces.
RTFKT released shipping options for non-U.S. holders of Lace Engine NFTs after several holders were disappointed they weren't able to easily access the upcoming sale of Cryptokicks iRL, co-founder Zaptio said Tuesday.
"Thanks for all the feedback yesterday," Zaptio said. "We have been working on solutions and have a way to help Non US Lace Engine holders."
The project is creating a RTFKT Interdimensional HUB service, allowing Lace Engine holders to mint a Hubbed Cryptokicks iRL NFT if they don't have a U.S. address. From there, users will have until May 1 to figure out shipping from a U.S. address.
The RTFKT founders responded to criticism Monday and Tuesday after the project unveiled its latest NFT — a pair of IRL smart sneakers — currently available only to users with U.S. shipping addresses.
Don't get me wrong I still believe in the team but the conclusions should be taken way more seriously other than just worldwide shipping..
— DunnoWhat (@SabaKeraH) December 6, 2022
What about https://t.co/hCDBcjhKal for clones? is it over and only US were able to get it?
Will RTFKT really go global if they stay US only?
Others were annoyed after fellow co-founder @benitopagotto tweeted in one reply to a concerned French holder who asked about how the new shoes would be shipped to Paris
"Faut un pote aux US," said Benito, which means "Need a friend in the U.S."
The Lace Engine NFT allows holders early access to the Cryptokicks iRL mint, allowing them to skip the need for a public raffle as well as receiving a discount of about $130 to $333 on each sneaker, which include a host of futuristic features including auto-lacing and app connectivity. To qualify for the mint, users need an RTFKT account and a U.S. shipping address.
A snapshot of all MNLTH 1 and MNLTH 2 holders for the upcoming MNLTH 3 airdrop has been taken, according to RTFKT.
The snapshot comes after the first Quest to unlock MNLTH 2 came Sunday.
The floor price for the MNLTH 2 hit around 1.5 ETH before the scheduled snapshot this morning. It's now down to 0.79 ETH. The floor price for the original MNLTH is 1.99 ETH.
The MNLTH 3 airdrop is coming at "a later date," the project said.
A snapshot for MNLTH 3 is coming tomorrow at 9:00 a.m. ET, according to a tweet from RTFKT.
The snapshot will capture a list of all MNLTH 1 and 2 NFT holders, making them eligible for the MNLTH 3 airdropped, which has not yet been announced.
The news comes after the quest for MNLTH 2, which officially went live earlier this morning, was successfully unlocked. The first quest for MNLTH 2 pointed users to a puzzle series via a live Twitch stream.
As part of the unlocking announcement, RTFKT teased an unveiling of MNLTH 2, which appears to showcase a briefcase-like object with a circular item inside. The tweet included the question, "what is this lace engine?"
The floor price for MNLTH 2 continues to rise, up to 1.75 ETH according to OpenSea.
Want to learn more about the MNLTH and the RTFKT ecosystem? Read our comprehensive ecosystem guide.
The first quest to open the MNLTH 2 box is now live, according to a tweet from RTFKT.
The only information provided with the quest launch was a Twitch stream link, which leads users to a "Just Chatting" channel in which a puzzle, mainly consisting of a variety of snowflake images, is showcased on screen.
The MNLTH 2 box was initially dropped to holders in April of this year. It holds a floor price of 1.63 ETH at the time of writing and is up more than 28 percent in the last seven days.
RTFKT announced the first quest to begin the process of opening the MNLTH 2 box is coming Dec. 4, according to a tweet Saturday.
It's been a long wait for MNLTH 2 holders, who received the NFT back in April when the first MNLTH box revealed. Back in September, RTFKT announced the quests to open the box were postponed so the project could "get it right." The first MNLTH box took three months to complete all of its quests.
RTFKT is postponing its MNLTH2 quest, according to a tweet Monday.
“We are preparing a new experience and we want to make sure we get it right,” the project tweeted. “Also, a few exciting things lined up in (October) so we will take it step by step.”
MNLTH2 was a closed box dropped to holders of the first MNLTH, when it was revealed in April.
Like the first MNLTH, a series of quests is set for MNLTH2 before it reveals. The first MNLTH box, which was airdropped to Clone X holders in early February, didn’t reveal until April after the quests. That box also got up to an 8 ETH floor price pre-reveal. The MNLTH2 is currently at a 1.49 ETH floor.
The Clone X floor price is down more than 12 percent over the last month to 6.29 ETH.
