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๐Ÿ‘Ÿ Nike unveils NFT virtual sneaker drop

Will release on .SWOOSH

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Hey Waivly Crew!ย ๐ŸŒŠ Brazilian authorities are investigating Binance over a supposed financial crime involving its offerings. Next month, Nike will release its first NFT virtual sneaker drop on .Swoosh.

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Brazil investigates Binance over illegal derivatives offerings

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Binance is under investigation in Brazil by the Federal Prosecutorโ€™s Office and Federal Police, Valor Econรดmico reported Tuesday.

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According to the newspaper, Brazilโ€™s Securities and Exchange Commission (CVM) believes Binance may have engaged in illegal activity by offering crypto derivatives to customersโ€” even though the government issued a stop order to the company in 2020.

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Binance responded to the order by suspending futures trading in 2021.

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However, screenshots obtained by the CVM reportedly show that Binance allowed Brazilian users to change their language setting to access the Binance Futures section.

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The CVM also noted there was extensive Portuguese-language content with no notices of restrictions on Brazilian users.

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In a statement, Binance told Valor Econรดmico that it โ€œreiterates that it does not offer derivatives in Brazil, that it operates in compliance with the local regulatory scenario and maintains a permanent dialogue with the authorities for the development of the crypto and blockchain segment in Brazil and in the world.โ€

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Discover more Waves in the Waivly Discord. Click here to get onboard! ๐ŸŒŠ

NFT Special

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After launching its. Swoosh Web3 community platform in November, Nike is ready to launch its first NFT collection there.

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The collection, Our Force 1 (OF1), will consist of Polygon virtual sneaker NFTs designed to pay tribute to the brand's iconic Air Force 1 sneaker.

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Users will have a choice of two digital boxes โ€“ the "Classic Remix" and the "New Wave" box โ€“ with each box costing $19.82, a nod to the year of the Air Force 1โ€™s debut.

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If you pick a Classic Remix box, you'll get a "favorite, classic archive AF1 released from 1982 to 2006" or "a more unique, custom AF1 with a nostalgic twist." Those who select New Wave will receive a "classic archive from 2007 or later" or "an expressive, custom AF1 with a more futuristic twist."

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Four designs from the winners of Nike's recent "Your Force 1" contest will also be randomly scattered among both types of boxes.

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On Tuesday, Nike began airdropping virtual AF1 posters to select .Swoosh members, granting them early access to the sale on May 8th. Two days later, on May 10th, the entire .Swoosh community will be able to purchase OF1 boxes.

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In the near future, per Nike, these NFTs will unlock additional utilities and benefits for holders, including access to "exclusive physical products and experiences."โ€Žโ€Žโ€โ€โ€Ž โ€Žโ€Ž

Toymakerย Mattelย is turning its virtual platform into a peer-to-peer (P2P) marketplace for collectors.

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The company announced the update in a Thursday press release, saying theย Mattel Creations Virtual Collectibles Platformย will allow holders of Mattel virtual collectibles to display, trade, and sell their assets beginning April 27.

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โ€œWhen we first set out to launch our own virtual collectibles platform, we did so with the intention of creating an unrivaled, best-in-class experience for the fans of Mattelโ€™s iconic brands,โ€ย Ron Friedman, vice president at Mattel Future Lab, said in the release. โ€œIn adding a marketplace feature to our easy-to-navigate platform that enables users to sell and trade their virtual collectibles, weโ€™ve taken another step toward realizing that vision.โ€

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The marketplace is powered byย Rarible, a blue-chip virtual collectibles company, with support from Wallet-as-a-Service providerย Magic.

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To coincide with the marketplaceโ€™s launch, Mattel plans to release the fifth series of its Hot Wheels NFT Garage on the same day.

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โ€œDeveloped by the same team behind Hot Wheels die-cast cars, Series 5 of the Hot Wheels NFT Garage is the latest way for fans to collect digital artwork featuring Mattelโ€™s iconic IP, and features some of Hot Wheelsโ€™ most popular car designs in an all-new, digital format,โ€ the release said.

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