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Nike to Start Tokenizing Its Shoes on Ethereum Making Them Limited Edition

Sports footwear and apparel company Nike announced it has been given a patent to tokenize its shoes on the Ethereum blockchain.In a document posted on the U.S. Patent and Trademark Office on December 10, Nike stated that its plan to generate unique IDs and create ERC 721 tokens for some shoes, dubbed CryptoKicks.When buying shoes, people will be able to “unlock” these tokens and then link them with unique owner IDs to confirm ownership. The token will not be used only as a representative of a...

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