Adidas Expands ‘Into The Metaverse’ Web3 Initiative with Chapter 1 of ALTS Dynamic NFTs

By Tech PiWay On Apr 25, 2023

Adidas, the renowned global athletics apparel company, is leading the way in digital asset collection with its new ‘Into The Metaverse’ Web3 Initiative, officially launched today. Through this initiative, Adidas is introducing the first ever chapter of ALTS Dynamic NFTs, a revolutionary new way to collect and showcase digital sports assets. This exciting new venture is setting the stage for a whole host of movements into Web3, with Adidas leading the charge. With the addition of this new chapter to the ALTS Dynamic NFTs line, Adidas is bringing an unprecedented level of interactivity and personalization to the digital sports asset space.

1. What is Adidas’ ‘Into The Metaverse’ Web3 Initiative?

Adidas’ ‘Into The Metaverse’ initiative is a pioneering new program that harnesses the power of blockchain technology to help Adidas create an interactive and secure gateway to the world of digital assets and products. Using blockchain technology, Adidas is able to offer a set of products, services, and rewards that allow users to interact with products in an immersive and secure way.

The primary goal of the initiative is to provide customers with a safe and secure place to explore digital assets such as virtual clothing and shoes, as well as access digital events, projects, and activities organized by Adidas. Through this initiative, Adidas is able to provide its customers with a safe and secure shopping experience that is based solely on digital transactions, eliminating the need for any physical shops and traditional forms of buying and selling products.

Immersive Resources – Into The Metaverse provides customers with an immersive shopping experience, where they can access a variety of virtual assets, including virtual clothing and shoes, as well as access digital events, projects, and activities.
Secure Transactions – All transactions within the Metaverse are secure and powered by blockchain technology, allowing customers to shop with full confidence.
Rewards – Customers are rewarded for engaging in the Metaverse with rewards such as free virtual products, priority access to special events, or discounts on virtual or in-store purchases.

2. Unveiling Chapter 1 of ALTS Dynamic NFTs

We are thrilled to finally unveil Chapter 1 of ALTS Dynamic NFTs – ALTS Ventures!

This dynamic NFT chapter consists of five projects, each with a unique structure and use-case in the Decentralized Autonomous Economy. These projects are:

ALTS Multiplier
ALTS Justeat
ALTS Bankroll
ALTS Protocol
ALTS Stablecoin

The purpose of these projects is to help the DAO secure its base-layer, lengthen the overall user growth, and increase the utility of its’ native token, ALTS. As the sub-tokens of these projects interact within the DAO, the user engagement will be enhanced and hence, the mainchain liquidity and economics. As each of these projects keep revolving around the Decentralized Autonomous Economy, they will both be competing and complementing each other thus promoting the overall set’s circulation.

We are confident that ALTS Dynamic NFTs will be a major step towards building a secure and coordinated decentralized autonomous economy that delivers greater demand, improved utility and incomparable liquidity.

3. What Are The Benefits of Adidas Web3 Initiative?

Adidas’s Web3 Initiative is an ambitious digital project aimed at redefining the future of their online retail experience. This innovative initiative has several potential benefits for both Adidas and its customers.

Adidas Benefits:

This initiative promises to enhance the training and development of employees in order to create a more seamless retail experience for customers.
The initiative hopes to decrease costs associated with inventory maintenance and stocking.
It also makes it easier for Adidas to launch and test new products.

Customer Benefits:

The initiative also promises to provide customers with an improved and faster shopping experience, since they can more easily search and shop for items that fit their preferences and needs.
The website is expected to become more user-friendly, with a simplified navigation and more intuitive design.
It will be easier for customers to track their orders, obtain product information and manage their accounts.
Through this initiative, customers will also be afforded personalized discounts when shopping on the website.

4. What’s Next For Adidas’ Web3 Initiative?

Adidas’ Web3 Initiative is extending a step forward to provide more customer experience convenience to customer. After a successful first round of testing and implementation, Adidas is now considering the following:

Continuous development of the AI-driven marketplace to make sure customers easily discover what they are looking for.
Integrating customer engagement capabilities into the shopping experience such as product recommending, customer support, rewards and discounts.
Utilizing virtual reality to let customers virtually experience product offerings before purchasing.
Developing more secure payment methods such as Blockchain technology.

Adidas is committed to provide its customers with an efficient and convenient shopping experience and customer services. Furthermore, exploration is also going on towards the opportunities of extending the potential of the existing initiatives leveraging AI, Machine learning and associated platforms so that customers can benefit from trend sensing, product customization, and proactive consumer support.

Adidas’ ALTS ‘Dynamic NFTs’ project is sure to be one of the most innovative integrations of Web3 into the sports retail world. It’s looking to be an incredibly exciting time for sportswear enthusiasts as the search into the Metaverse continues and ever-deepens. Adidas has set their sight on the future and their transition into Web3 is sure to be just the beginning.