The Morning After: Adidas’ First NFT Drop Made $23 Million

If you start to understand the ebb and flow of cryptocurrencies, the volatility of Bitcoin and the rest in general, and begin to understand why blockchain technology has a great future outside of Dogecoin, it probably means you are late for the NFT. -party . Non-fungible tokens are, well, unique. (That’s what non-fungible means.) They’re kind of like a digital trading card in many ways.

These digital goods are shaking up the art world, sports collectibles and many other fields. And you’re late to the party, because Adidas is making money, and Nike is chasing the NFT money too. (We take a closer look at NFTs here.)

Over the weekend, Adidas’ first NFT effort raised more than $23 million in Ethereum, from a $15.5 million Early Access phase and $7.5 million in general sales. Things didn’t go smoothly – Adidas had to suspend early trades due to a technical glitch. It did prove, however, that there is an audience for NFT collaborations, starting with this collaboration with Bored Ape Yacht Club (an existing collection of Bored Ape NFTs).

— Matt Smith

Supply chain restrictions.


A Kotaku report from the weekend explains how Microsoft had to use Xbox Series X development kits to run this weekend’s first major Halo Infinite tournament, the Raleigh Major of the Halo Championship Series. Unfortunately, the company couldn’t find enough retail consoles to use — the “global supply chain shortage is real,” said Tahir Hasandjekic, the eSports leader of 343 Industries.

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You must use the mobile app, but it should be free.

Current Toyota drivers may not be thrilled with the fact that they have to subscribe to start remotely with their key fobs, but what about new buyers? There is mixed news. The automaker told Roadshow in a statement that remote starting will not be available on key fob for new vehicles. In other words, drivers will have to use the brand’s mobile app. That said, they may never have to pay for the position. Some 2020 and newer vehicles have a 10-year trial period, rather than the much shorter three-year trial period offered for these models.

However, for older Toyota owners, it won’t really allay their frustrations.

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The ‘super truck’ kicks off GM’s next wave of EV.

GM has begun shipping the Hummer EV as promised, with its first “supertruck” (an Edition 1) rolling off the line at Factory Zero in Hamtramck, Michigan. The automaker didn’t name the first customer, who definitely paid for bragging rights given Edition 1’s $110,295 sticker. Maybe GM should get into NFTs?

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Deadly tornadoes may have prompted Amazon to reconsider its plans.

Amazon has confirmed it will withdraw its efforts to ban personal phones from its warehouses. Staff were told on December 17 to keep their phones on hand “until further notice.”

The company banned phones in warehouses for years, but eased its approach when the COVID-19 pandemic hit. The ban would resume in January 2022. Though Amazon hasn’t explained the U-turn, it comes just after a tornado hit a warehouse in Edwardsville, Illinois, killing six people.

Read more.

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