Nike Moves Towards Blockchain Technology Following Samsung, Telegram and Facebook

Blockchain is expanding all over the world and companies are starting to embrace this technology. Nike, one of the most popular footwear manufacturers around the world, seems to be ready to enter the crypto market with a new patent with the phrase


Nike Could Enter The Blockchain Market

According to an application filed by Nike with the United States Patent and Trademark Office (USPTO), the intention is to register a patent with the phrase “Cryptokicks.” The application explains that they want to extend beyond making simply collectible crypto clothes, but they want to offer online marketplace services for buyers and sellers of digital currencies.

Nike explains that they want to provide specific information about a “crypto-collectible customization.” Nonetheless, there is no further information about crypto products such as clothes or footwear that would be related to the crypto space.

Nike mentions that they want to provide a new website that features a technology to allow users to mine, earn and also purchase blockchain-based tokens and other digital assets.

The filing explains that they will be providing different services for users:

“Provision of online blogs in the field of crypto-collectibles; entertainment services, namely, providing online computer games… curated scavenger hunts, obstacle courses or treasure hunts, entertainment services, namely, providing interactive online mobile gaming applications; providing information on-line relating to crypto-collectible customization for hobby or entertainment purposes.”

There may be some collectors of shoes that would be interested in using a token to purchase a rare pair of shoes. Thus, the community could become very excited about the project that Nike is currently thinking about.

There are many other companies such as Samsung, Facebook or Telegram that are also working with blockchain technology and want to release different blockchain solutions to the market.

Samsung, for example, is apparently working on its own blockchain network and it could release a digital currency to implement on Samsung Pay. Moreover, Telegram has been working on the Telegram Open Network (TON) and its digital asset that would be used on its platform. Finally, Facebook has been hiring blockchain experts that could be developing a digital currency to use on WhatsApp.

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