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Adidas and Stepn move from NFTs to physical products with planned sneaker drop this month Quick Take Adidas and its blockchain partner Stepn announced they will be dropping a collection of 1,200 physical shoes. Shoe and sports apparel giant Adidas and its blockchain partner Stepn announced on Thursday that they will drop a limited number of physical shoes. The move follows April's announcement that Adidas and the Solana-based fitness app Stepn had partnered to release 1,000 NFTs, which made up the Stepn x Adidas Genesis Sneakers collection. Later this month, the two companies will make available a "limited-edition collection of 1,200 physical Adidas Ultraboost 5 running shoes," Stepn said in a statement. "The launch of physical shoes is a defining moment in our partnership with Adidas," Stepn CEO Shiti Manghani said in the statement. "We’ve moved from digital collectibles to tangible products that people can wear, showing just how far the web3 space has evolved." Adidas and Stepn's plan to release a tangible product follows the Nike-owned digital wearables NFT startup firm RTFKT's announcement that it is closing its doors. With its more than two dozen collections, RTFKT earned nearly $50 million in lifetime earnings and over $45 million in royalties. According to The Block Research data, the total trading volume for RTFKT non-fungible tokens generated around $1.5 billion in trading volume. "We’re thrilled to offer a new digital experience for runners at the forefront of this exciting new era,” said Adidas vice president Erika Wykes-Sneyd. "This collaboration not only brings a fresh way to engage with fitness but also introduces rewarding experiences that push the boundaries of what’s possible in both the physical and digital worlds." The Adidas-Stepn shoes will only be available on the MOOAR marketplace.
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Exploring the Benefits of Non-Recourse Loans in Crypto In finance, minimizing risk is key. Non-recourse loans offer a unique way to leverage assets while limiting risk exposure strictly to the collateral. Picture this: John wants to invest in Ethereum without selling his Bitcoin holdings. He takes a non-recourse loan, using Bitcoin as collateral. If the investment goes south, the lender can only seize the Bitcoin—not John's other assets. Non-recourse loans are especially useful in crypto and trading due to their: - Collateralization: Use crypto as collateral to access funds without selling assets. - Volatility Risk Management: Limit exposure to the collateral, even in volatile markets. - Flexibility: Ideal for leveraging investments or meeting personal expenses. Similar to margin trading in traditional finance, non-recourse loans allow you to boost buying power while controlling risk. However, these loans can carry challenges like margin calls or liquidation. For those in crypto and trading, understanding non-recourse loans is essential for managing financial risk and seizing growth opportunities while safeguarding assets. 👨🏫Learn more about crypto lending tools
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💰 Buy and Sell Walls: The Market’s Secret Barriers 🟢 In trading spotting buy and sell walls can be a game-changer. These order book barriers reveal demand and supply pressures that can drive price action, giving traders insight into potential market moves. ✅ A buy wall is like a safety net, showing strong demand at a specific price. If a trader sees a large buy wall at $50, they might feel confident that this level has solid support. Conversely, a sell wall acts as a ceiling, signaling resistance due to high selling interest. ✅ Seeing these walls in the order book helps traders strategize. They may place trades just below a buy wall to ride an uptrend or slightly above a sell wall to anticipate a price dip. Recognizing these walls is crucial for traders, as it guides them in navigating market sentiment and adjusting their positions accordingly. 🟢 Buy and sell walls aren’t just numbers they’re clues to market sentiment, helping traders stay a step ahead in the fast-paced crypto market. Learn Crypto
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