Sneaker NFTs are set to be released by Shoefy in partnership with Coins Capital. Each NFT will contain different attributes, making them one-of-a-kind. Shoefy is a project that combines Non-fungible tokens and fungible tokens with DeFi tools.
Shoefy is a ‘futuristic’ project whose long term goal is to bring its collectable digital sneakers into the metaverse. The company can amplify the NFTs’ potential by utilizing both farming and staking to generate passive income.
Altogether, ShoeFy will have two tokens named: SHOE (ERC-20) and sNFTs (ERC-721). Each NFT is an algorithmically programmed and unique pair of shoes. Hypebeasts are able to flex their kicks on apps including Snapchat. Additionally, ShoeFy offers special sneaker racks for digital kicks. When users stake them on the platform, they can earn passive income in SHOE tokens. The project’s leaders are worldwide venture capitalists with experience in the blockchain space.
Overall the company’s Chief Marketing Officer, Michal Horvath said:
“By onboarding Coins Capital as our Strategic Investor, ShoeFy will benefit from the global marketing strategies that the Coins Capital team can bring onboard. Further, thanks to Coins Capital’s over 15 years of marketing experience and more than 600 blockchain resource connections, ShoeFy will be able to expand its networks and increase its exposure in the market.”
Additionally, Virginia Lam, co-founder at Coins Capital, stated:
“NFT sales volume skyrocketed to $2.5 billion in the first half of 2021. NFT assets within well-designed ecosystems are what the market now needs. These offer real value, rather than one-time wonders. ShoeFy is an innovative hybrid of NFT, gaming and digital fashion. We believe it has huge potential for multi-dimensional market expansion and sustainable growth. Additionally, we can’t wait to see the first 3000 Genesis Shoes come out.”