Since the NFT ecosystem was launched in 2018, it eventually gathered buzz and attention in 2021. The Non-fungible token ecosystem has low-level requirements for both creators and collectors (sellers&buyers). When people's attention is shifting away from artworks and other related collections, the Non-fungible token brings back the attention. The Non-Fungible Token (NFT) ecosystem is robust, allowing thousands of digital art creators to create, mint, and make their collections available for sale on NFT Marketplaces. Keywords: NFT, digital art, creators, avatar, non-fungible token, collections, CloneX. Since the first auction took place in 2021, the project has raised about $8 million. When Nike purchased RTFKT, the price of a CloneX avatar collection soared to 6ETH. ![]() The first CloneX auction was via a Dutch auction.Ī piece of this non-fungible token collection starts from 3 ETH. In November 2021, RTFKT studio began publicly selling all 20,000 CloneX avatar digital artworks.ĬloneX is a special type of NFT collection that algorithmically generates its 3D characters.ĬloneX displays a high level of inclusiveness by representing different clothing styles, haircuts, races, skin tones, and undefined genders. One of those NFT collections that have recorded success is the CloneX NFT.ĬloneX NFT collection provides an array of NFT Avatar sets.ĬloneX NFT is a creation of both RTFKT (pronounced artifact) and Takashi Murakami. Nike is one of the few large brands that has embraced the possibilities of Web3, and they’re already seeing the fruits of their labor, building out the CloneX and RTFKT universe.Recently, there has been increased buzz and attention around the NFT ecosystem. As people look to represent themselves in the metaverse, galleries like Space and Loot Pods will be the way to flex NFT collections and digital wearables. The uniqueness of these avatars and strength of their partnership with Murakami, who is now diving deeper into the NFT space, insinuates that the CloneX universe is just getting started. The combined floor for all four NFTs is around 23 Ethereum, showing the high value that people are placing on Nike’s association with the project. RTKFT Nike MNLTH NFT TL DR - CloneX by RTKFT Studios ExplainedĪlthough the original collection itself was impressive, the Clone and Pod ecosystem opens up even more possibilities for CloneX, RTFKT, and the Nike NFT ecosystem. This NFT has Murakami DNA type with white octopus hair. The highest sale for a CloneX avatar so far was 450 Ethereum (about $1.25 million) in February 2022. Nearly 3,000 of the collection have “Murakami Drip Traits.” This means that, unlike the rest of the collection, they are not allowed to be used for commercial purposes. In a space which has been criticized for having mostly male-presenting avatars, this attention to diversity was welcomed. There aren’t any explicit genders, and skin tones vary widely. One of the most unique things about Clone X is the representation of many different backgrounds in the avatar appearances. It allows collectors to find the Clone X which best represents them. RTFKT prides itself on being fashion-forward and that is why there are a huge variety of hairstyles, accessories, and clothes available. The CloneX collection also has over 300 unique 3D traits. The avatars are made up of eight different DNA types across the 20,000 NFTs. This sent the values of RTFKT NFTs higher than ever, as many speculated about the value that would be added due to this news.ĬloneX NFTs on MomentRanks CloneX NFTs Traits On December 13, 2021, Nike announced the acquisition of RTKFT Studios. This is what set RTKFT Studios apart from other Web3 fashion brands, and likely what drew Nike’s attention. In addition to that, it unlocks ongoing royalties for designers and artists. This enables true proof of ownership and authenticity, something that the physical fashion world has challenges with. Unlike some fashion houses which have launched NFTs and digital offerings, RTKFT’s NFTs are on the blockchain. ![]() They found early success by partnering with artists like Fewocious on a hybrid NFT digital/physical drop that earned $3.1 million in March 2021. RTFKT Studios was launched in January 2020 by a trio of people with technology experience in the entertainment industry. The acquisition was a catalyst for the space, and RTFKT has continued to deliver value to CloneX holders since the mint as they build out their universe. Not only was a major brand investing directly in NFTs, but it may also be the first true acquisition of an NFT company by a household name. ![]() RTFKT made headlines across the NFT space when it was acquired by Nike in December 2021. 1-of-1 Takashi Murakami CloneX NFT by RTFKT
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