On Jan. 17, Staci Warden, the CEO of the Algorand Basis, tweeted a cryptic message: “NIKE.” A number of took the tweet to confer with sports activities and style large Nike.
This led to individuals speculating about some kind of partnership with the attire large, with a number of asking questions on what the tweet may imply.
Sorry guys its not a partnership, as I replied to MJ. Simply was main as much as advertising announcement. One other one deliberate for as we speak. Simply was having enjoyable with it as a result of I am so excited for this rent.
— staci.algo (@StaciW_DC) January 18, 2023
“Nike goes to start out utilizing Algo for sneakers now,” quizzed a person. The Algorand CEO responded within the unfavourable. He added, “It isn’t a partnership. Only a enjoyable reality on advertising.”
Whereas the questions stored rolling in as to what the tweet meant, the Algorand CEO reiterated as we speak that it was not a partnership with the attire large.
“Sorry guys its not a partnership, as I replied to MJ. Simply was main as much as advertising announcement. One other one deliberate for as we speak. Simply was having enjoyable with it as a result of I am so excited for this rent,” the Algorand CEO wrote.
The hypothesis a few partnership was not far-fetched as Nike has been one of many largest fashion-world gamers in Web3. It has additionally shaped notable partnerships within the crypto house.
In November 2022, Nike launched a brand new Web3 platform known as “Swoosh,” which is able to provide Polygon-based NFT merchandise. Primarily based on its partnership, Nike’s NFT attire might be minted on Polygon, an Ethereum sidechain community.
ALGO, the native token of the Algorand blockchain, was down 2.07% within the final 24 hours at $0.22 at press time and ranks because the thirty fifth largest cryptocurrency. The Algo token, nevertheless, stays up 15% on the weekly timeframe.