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Adidas Originals nets $23 million after resolving issues in its first NFT mint

The German sportswear brand Adidas Originals earned 5,924 ETH, or $23.5 million, from its collaborative “Into the Metaverse” drop with Bored Ape Yacht Club (BAYC), the non-fungible token (NFT) collector gmoney and the crypto-focused media group PUNKS Comic. Adidas Originals began its Early Access minting stage on December 17, in which holders of an Adidas Originals proof-of-attendance protocol (“POAP,” which are given to attendees of virtual or physical events), gmoney POAP, a BAYC or Mutant Ape Yacht Club NFT or a …

Adidas Originals pauses collaborative NFT mint

After announcing its collaborative NFT drop with well-known crypto figures, the German sportswear brand Adidas paused its inaugural mint shortly after its start.  “Early access is not closed but minting has been paused while the developers investigate issues with Mutant Ape Yacht Club not being able to mint. We will update you as soon as we can,” Adidas Originals tweeted.  “We’re working hard to resume the Early Access mint. Everyone with failed transactions will be able to mint after the …