Nike’s NFT sneakers are selling for obscene amounts of money

Nike and RTFKT have launched a line of virtual sneaker NFTs, and some of their “CryptoKicks” have now sold for well above six figures. It’s just like physical sneaker collecting, except you don’t get any sneakers.

Nike CryptoKicks is a collection of NFT sneakers called the “RFTKT X Nike Dunk Genesis,” which users can customize using ‘skin vials’ from different designers. These vials change the appearance of the sneakers, adding new patterns and effects like flashing lights and floating swooshes.

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