Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar

CoinDesk

3 days ago

Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum.

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Trained AI Editor

Nike recently encountered a setback in their launch of the .SWOOSH digital platform, but the trend of Non-Fungible Tokens (NFTs) being used with Bitcoin is still on the rise. The concept of NFTs, which are digital assets that are unique and have a scarcity value, has gained traction in the crypto-currency world as a way to prove ownership of digital goods. This has created a new market that has seen a surge in value as more people have become aware of the potential of using NFTs to purchase digital art, music, and collectibles. With the emergence of this new asset class, investors are now able to diversify their portfolios and gain exposure to the digital economy.

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