Just Do It: Nike Unveils Its First NFT Sneaker Collection 'Our Force 1' Nike announced the launch on April 5 and shared more about what users could expect from the drop through .SWOOSH's April 10 blog post titled "Our first virtual collection is coming."

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

.SWOOSH

Nike has been watching and waiting until now. On Monday, the American footwear giant unveiled its non-fungible token sneaker collection named "Our Force 1", a homage to its iconic Air Force 1 collection. The collection will be available on .SWOOSH, Nike's official platform for its virtual creations.

OF1 is .SWOOSH's first digital-creation collection, co-designed by the members of November 2022 launched platform.

"The OF1 collection shows how Nike will continue to innovate at the intersection of play and culture for the future of sports. We are exploring new ways to tell stories and create relationships while removing the barriers and limitations of physical product. With more members choosing to express themselves across physical and digital worlds, .SWOOSH is the marketplace of the future," says Ron Faris, GM of Nike Virtual Studios.

Nike announced the launch on April 5 and shared more about what users could expect from the drop through .SWOOSH's April 10 blog post titled "Our first virtual collection is coming."

Users will be asked to choose between two boxes, the 'Classic Remix' and the 'New Wave', both being priced at $19.82. Members, on selecting the Classic box, will get a chance to pick their favourite archive AF1, released between 1982 to 2006, whereas 'New Wave' selectors can select a piece from 2007 and onwards. Both box holders can get a chance to unlock a unique-custom piece, AF1 with a nostalgic twist or a futuristic one.

".SWOOSH members will be alerted when they can open their OF1 box and discover which Our Force One shoe it contains. Shortly after opening their OF1 box, each virtual creation will come paired with a 3D file that the owner can download and use to express themselves in new ways. In the near future, .SWOOSH will introduce other new utilities and benefits to these unique Nike virtual creations, such as exclusive physical products or experiences," the official release read.

On April 18, Nike airdropped AF1 posters to .SWOOSH members randomly, where chosen ones will get the first access to the OF1 sale on May 8. General access to the community will open on May 10. Currently, .SWOOSH is operating within a closed-beta group.

Paromita Gupta

Entrepreneur Staff

Freelancer

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Leadership

The Difference Between Entrepreneurs Who Survive Crises and Those Who Don't

In a business world accelerated by AI, visibility alone is fragile. Here's how strategic silence and consistency can turn reputation into your most powerful asset.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.

Business News

United Airlines Says It Is Adding Extra Flights in Case Spirit 'Suddenly Goes Out of Business'

Rival airlines, including United and Frontier, are adding new routes as Spirit cuts 12 cities from its schedule.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.