In the midst of the current crypto bear market, RTFKT announced new incentives for owning its CloneX NFT collection. This news gives confidence to crypto and blockchain investors, as most of the NFT projects that appeared in 2021 have not been able to keep their promises to date. In this article, we will once again summarize what RTFKT is and what new benefits have been announced for all CloneX NFT owners.
What is RTFKT?
RTFKT (pronounced: Artifact) is a developer-led organization. She is proud to be involved in the development of the latest game engines, NFTs and Augmented Realities (ARs). Their goal is to create unique sneakers and digital artifacts. RTFKT was one of the first players in the fashion industry to enter the metaverse and collaborate with other companies and brands.
The project started in 2019 and was taken over directly by Nike in December 2021. This was seen as a big step towards bringing Web3 applications into the mainstream. Many investors became optimistic because of this news and jumped on the Metaverse bandwagon.
What is the CloneX NFT collection?
CloneX is a collection of 20,000 algorithmically generated NFTs belonging to RTFKT. They were initially marketed as 3D characters to be used at a later date in the future Metaverse to interact with other users. CloneX NFTs are currently traded on secondary markets such as OpenSea. The minimum price for 1 CloneX NFT is currently 10.3 ETH, which is about $11,300.
RTFKT Announces New Features for CloneX NFT Owners
In today’s fast-paced world of cryptocurrencies, many concepts and applications are constantly evolving. The digital assets and their classifications are evolving in parallel with crypto and blockchain technology. For non-fungible tokens, real applications of smart contracts are ahead of us. There are many benefits to owning NFTs, and they change from project to project. Companies usually advertise their NFTs in order to cause a sensation and increase their market value, but often there is also a real use case behind it.
Usecase of CloneX #1: 3D files
Owners of CloneX NFTs get access to 3D files. The contents of these files are designed by 3D modeling in such a way that the desired object can be perceived as in reality. That’s what the Metaverse promises. The 3D file is created using Computer Aided Design (CAD). The creators can basically create anything and bring it to life in the metaverse.
Use of CloneX #2: Commercial Rights
Now that you can create and model everything in 3D, it’s important to claim commercial rights. These rights were initially very limited, but RTFKT announced that it would expand the commercial rights and include many other facets. For example, the creation of derivatives, the minting of fan-art NFTs, the production of merch or even the production of music … the possibilities are endless. This will become a game changer for RTFKT in the Metaverse.