Adidas Originals teams up with the renowned Japanese brand to present a limited-run version of the Forum 84 BAPE Low Triple-White trainer, enhanced by the NFT concept. Here are all the details.
Adidas Originals and BAPE: revolutionising auctions with NFT technology
As anticipated, as part of BAPE’s 30th anniversary celebrations, Adidas Originals together with the iconic Japanese brand unveil the Forum 84 BAPE Low Triple-White trainer in a limited edition version.
This event commemorates the release of this shoe with great anticipation, while renewing Adidas’ timeless connection as an original collaborator along with BAPE’s pioneering role in the world of streetwear.
This launch will give way to a new and innovative format. Indeed, expressing the deep dedication of both labels to timeless style and the ongoing pursuit of excellence, the triple-white trainer emerges as an invigorating contrast to the previous BAPE 1ST CAMO, unveiled earlier this year.
Harajuku‘s iconic branding is further fused with a shooting star motif that decorates the side of the vamp, while the words ‘A Bathing Ape’ are embossed on a silver-tone metal plate.
In addition, each pair of shoes is equipped with an NFT chip located on the left tongue, granting the owner access to the Digital Certificate of Authenticity.
Reinforcing the innovative nature of this collaboration, the launch is supported by the adidas /// Studio (Three Stripes Studio) platform in the form of a limited edition NFT associated with the product itself.
This represents a new milestone for Adidas, as it will be their first auction of digital assets, realised in collaboration with MoonPay. Only 100 NFTs (corresponding to 100 pairs of trainers) will be offered for sale in this unprecedented event.
The NFT auction as part of the collaboration between Adidas Originals and BAPE, called Fresh Forum, will start on 22 August on adidas COLLECT and will be accessible to all interested parties. The auction phase will run for a period of 72 hours, with closing scheduled for 25 August.
Apple wins: the 30% tax on NFTs on the App Store remains
US tech giant Apple will retain its controversial 30% App Store fee while its legal battle unfolds before the US Supreme Court, in a ruling that puts a strain on the non-fungible token (NFT) ecosystem.
The iPhone maker is embroiled in a legal dispute with Epic Games, the company behind Fortnite, over its antitrust practices in the App Store.
While most of Epic’s claims against Apple have been dismissed, a ruling has given the developer the ability to direct users to external payment systems within the iOS ecosystem.
Indeed, Apple prevents all apps in the App Store from circumventing the 30% fee on in-app transactions and removed Fortnite for this rule violation.
Elena Kagan has spoken out against Epic’s attempt to allow developers to circumvent the App Store’s payment rules, at least for the time being. She did not provide an explanation for her decision, as reported by Bloomberg.
This ruling gives Apple breathing space as it prepares for its appeal to the Supreme Court later this year. However, if the court refuses to hear the case, the previous verdict against the world’s most valuable company could have consequences.
In its filing, Epic criticised this ruling that allows Apple to maintain its policies until the appeal to the Supreme Court.
It also pointed out that this would adversely affect not only Epic, but also countless consumers and other app developers for a considerable period of time.
Apple defended itself by refuting these claims, pointing out that its policies do not harm Epic and that the company’s games have been removed from the App Store.
The App Store is a crucial source of revenue for Apple and an unfavourable decision at the Supreme Court could have a significant impact. The company is estimated to have generated over $1.1 trillion in commercial revenue from the App Store alone in the past year.
Source: https://en.cryptonomist.ch/2023/08/17/adidas-originals-bape-nft-auctions/