A digital wearable experience is not surprising coming from Adidas, given its previous efforts in the virtual space. The brand began releasing NFTs in 2021, owns a plot of land in The Sandbox and launched a platform for creating metaverse avatars, among other efforts.
Reebok, which used to be owned by Adidas before being sold to Authentic Brands Group in 2022, has been quieter when it comes to Web3. Perhaps this reservation is why the retailer is leaning into AI to promote its wearable experience—technology that will be enabled through a collaboration with digital content company Futureverse. Specifics pertaining to how AI will show up, and whether it will be in the form of generative AI, were not disclosed. Dienst declined to provide more details.
Thanks to Nike, the bar is high for sports retailers activating in the metaverse. The brand has led the pack with Nikeland, its Roblox world, and “Dot Swoosh,” an NFT platform that has dropped both digital and physical sneakers for a community of hundreds of thousands of members. This ecosystem is largely a result of Nike’s acquisition of NFT company RTFKT in December 2021.
Puma has also combined physical and digital realms through “Black Station,” an online hub where fans can engage with 3D versions of apparel and redeem them for their IRL counterparts.
The new and continued efforts within the category are notable given how metaverse interest, at large, has slowed over the past two years. Most brand plays are happening on Roblox, which is not ideologically aligned with Web3. Recent activity on blockchain-based platform The Sandbox, however, could indicate that a change is stirring.
Look back: Roblox isn’t the metaverse