StockX NFT Collection 'XVault' is Here
StockX, the online fashion marketplace co-founded by Cleveland Cavaliers owner Daniel Gilbert in 2016, has recently released a new NFT collection called "Vault NFTs," meant to connect coveted physical products with collectible digital assets.
StockX Platform, which began as a trading and selling network for rare sneakers, has since expanded to include street-wear, collectibles, gadgets, watches, and other high-end items. StockX sees numerous similarities between NFTs and rare sneaker collections, and is committed to bridging the gap between the real and digital worlds of collecting.
While mixing actual objects with NFT technology is nothing new, StockX has made it easier for sneaker-heads and collectors to buy, sell, trade, and flip rare sneakers that are linked to non-fungible tokens with this collection.
StockX was created using stock market dynamics to enable customers with smooth access to in-demand products while also providing sellers with economic potential. Authenticity, liquidity, and market visibility are at the heart of our marketplace, with pricing determined exclusively by supply and demand. As a result, StockX has established itself as the leading global platform for trading and consuming contemporary culture.
“Today, we’re launching Vault NFTs, an experience where our customers can invest in NFTs tied to physical products and trade them instantly with lower fees. We believe that the physical items that trade on our platform are part of a new alternative asset class that can be uniquely associated with NFTs.” said Scott Cutler, StockX CEO.
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