STEPN and Adidas Partner for Exclusive NFT Sneaker Collection

STEPN, a platform on Solana focused on incentivizing physical activity, has revealed a collaboration with global footwear giant Adidas to launch an exclusive NFT sneaker series named STEPN x adidas Genesis Sneakers.

This collection, featured on the MOOAR marketplace starting Wednesday, offers a blend of digital and tangible rewards.

Comprising 1,000 unique NFTs, the STEPN x adidas Genesis Sneakers series grants early access to 200 STEPN users, while the remaining 790 will be available to the public via a raffle, as per Decrypt. Additionally, 10 NFTs will be allocated for promotional activities.

Each NFT is priced at 10,000 GMT (approximately $2,500) and will be sold in two phases to ensure fair distribution. STEPN’s move-to-earn application encourages NFT holders to engage in physical activities like walking and running, rewarding them with GST, the app’s in-game currency.

While GST is available on various chains like Binance’s BNB chain, the Solana-based token boasts the highest market capitalization at $39 million.

Following the partnership announcement, GST on Solana initially surged to $0.039 but has since stabilized at $0.34, with an all-time high of $8.51, according to CoinGecko data.

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Alexander Stefanov

Reporter at CoinsPress

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