After releasing the Dunk Genesis as an NFT back in April 2022, Nike and RTFKT will soon allow owners to redeem their tokens to purchase up to five real-life versions of the sneaker.
RTFKT, which was purchased by Nike at the end of 2021 after making its name through original digital sneakers, has announced a “forging event” for the Dunk Genesis to run from Oct. 18 through Oct. 30. During this time, NFT holders will be able to purchase five sneakers total among three colorways. Each owner can purchase one Dunk Genesis “OG,” as well as two pairs each of the Dunk Genesis “Void” and Dunk Genesis “Clone X.” Upon redeeming the Dunk Genesis for purchasing the real-life counterpart(s), the token won’t be burned and will still remain in the wallet of its owner.
Each sneaker will be made to order with shipping to begin in June 2024. Although the three sneakers haven’t yet been revealed, RTFKT showed a prototype in August on Instagram. While maintaining the core lines of the Dunk Low, the Dunk Genesis comes with a new, bulky sole unit and other flourishes that emphasize its tech connection.
While the chance to mint, or purchase at the point of origin, the Dunk Genesis NFTs has long since passed, those interested in the physical sneakers can still purchase the required token through the OpenSea marketplace. As of publishing, the cheapest available token is 0.125 ETH, which is approximately $206. Alternatively, an RTFKT MNLTH can be purchased and opened in order to obtain the Dunk Genesis NFT. This is the more expensive route, however, as the cheapest available listing is 0.3 ETH, which is approximately $494.
Each pair of RTFKT x Nike Dunk Genesis will sell for the Ethereum equivalent of $222 plus what RTFKT is calling “gas fees.” Once the forging event concludes, there will not be any additional opportunities to purchase the sneakers.
About the Author:
Ian Servantes is a Senior Trending News Editor for Footwear News specializing in sneaker coverage. He’s previously reported on streetwear and sneakers at Input and Highsnobiety after beginning his career on the pop culture beat. He subscribes to the idea that “ball is life” and doesn’t fuss over his kicks getting dirty.
This news is republished from another source.
