Today news
About the same in other media
Adidas says sorry to those 'hurt by gas' after metaverse NFT minting error
Reading now: 512
German sportswear maker Adidas cashed in on the non-fungible tokens (NFTs) hype last weekend, selling 30,000 of its "Into the Metaverse" collection of NFTs for 0.2 Ether each.
At current prices, that means the company could have pulled in around €21 million - although as the price of Ether fluctuates rapidly an exact figure is hard to estimate.
The sale, organised in two batches, was initially beset by technical issues that saw Adidas pause the NFT minting process after about 20 minutes.
One problem: pausing the minting process caused large numbers of transactions to fail, leaving prospective buyers on the hook for the Ethereum blockchain's infamous transaction charges - known as 'gas' - but with nothing to show for it.
Responding on Monday,
Read more on euronews.comAbout this in other media
Blockchain and the Metaverse make inroads at Consumer Electronics Show cointelegraph.com /2 years ago
Square Enix CEO reveals plans for blockchain, metaverse, NFTs cointelegraph.com /2 years ago
Berlin wants EU to be 'Fourth German Reich', says Poland's Kaczynski euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
