THELOGICALINDIAN - The cossack and accouterment aggregation is acceptable more absorbed in crypto
Footwear and accouterment aggregation Adidas has appear two new crypto endeavors with Coinbase and The Sandbox.
Adidas Announces Two Crypto Efforts
On Wednesday, Adidas stated that it is partnering with the crypto barter Coinbase. It appear little about the attributes of the partnership, catastrophe the cheep with: “Probably nothing.”
Coinbase confirmed the partnership, as it replied “[Good morning]…Welcome to the party, partner!”
One day earlier, Adidas took agenda of the Ethereum-based VR bold The Sandbox and suggested that it would body article in the game’s basic accoutrements of lands, calling the abstraction “AdiVerse.”
It appears that Adidas already owns acreage on The Sandbox, as its name can be apparent on a bindle of acreage at these coordinates. It is cryptic whether it purchased this land, or whether the acreage was accepted or allocated by The Sandbox.
Are Both Efforts Connected?
It is still alien whether Adidas’ affiliation with Coinbase is accompanying to its action in The Sandbox. It is believable that the aggregation affairs to absorb cryptocurrency in The Sandbox; if so, Coinbase could advice it accomplish the appropriate investment.
There are added possibilities. Adidas launched an NFT on POAP aftermost week. It is accessible that Coinbase is accompanying to that effort, abnormally if Adidas affairs to absolution a beyond band of non-fungible tokens. Coinbase plans to launch an NFT marketplace, and Adidas could conceivably use that exchange to administer approaching NFTs.
The aggregation could additionally use Coinbase to acquire cryptocurrency as a anatomy of payment, agnate to what abounding added companies accept done in the accomplished through Coinbase Commerce.
However, all of these possibilities are ultimately speculative.
Disclaimer: At the time of autograph this columnist captivated beneath than $100 of Bitcoin, Ethereum, and altcoins.
