01/19/2022
Earlier today, sneakerheads’ favorite app, , announced they were adding NFTs to their platform. 👟
Their purpose is to create a whole new way to trade: each Vault NFT is tied to the same physical item, stored in StockX’s high-security vaults inside their facilities. As StockX mentioned: "if you’re bullish on a shoe, consider investing in a Vault NFT. You take possession of the NFT immediately after the transaction is complete, meaning it is the fastest way to flip. And with no shipping costs, and market-leading low seller fees at a fraction of the cost, there’s a lower hurdle for profitability.”
The company also hinted at future utility for token holders, like exclusive access to StockX releases, promotions, events, etc.
What are your thoughts on this? Let us know 👇