Nike Is Going Crypto! Nike Coins Coming?

Nike, the shoe manufacturer is apparently making moves to get into the crypto industry. They are following in the footsteps of most companies at this point.

Nike, the shoe manufacturer is apparently making moves to get into the cryptocurrency industry. They are following in the footsteps of most major companies at this point. Specifically, the company has filed a patent. The corporation’s patent filing mentions things like crypto wallets (both a hardware and software wallet), as well as downloadable mobile applications for providing access to cryptocurrency collectibles,  cryptocurrency art, different application tokens and also,  makes mention of an online marketplace featuring footwear and clothing as potential use cases of that cryptocurrency token.

 

Nike Tokens Coming?

This would seem to indicate that Nike might indeed be integrating cryptocurrencies into its growing online marketing business which has brought in more than 1 billion dollars in the first quarter of this year alone. A digital token like this would actually be a great use case.

Imagine getting Nike Tokens as a cashback reward when you buy a pair of shoes etc.

This filing does not mean definitively that anything will be launched anytime soon as the trademarking process can be quite slow and can take months to complete.

Photo Credit: ORealSethFowler
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