Adidas x Bored Ape Yacht Club NFT | Physical goods can be redeemed in March, ERC-721 NFT available after four stages

The Adidas collaboration NFT "Adidas Originals Into the Metaverse" recently announced that it will open for physical goods redemption in March and is expected to convert to an ERC-721 NFT after reaching the fourth stage.

What if I miss the redemption period?

If you miss the Phase 1 redemption period, you will not be able to claim that particular product in the subsequent phases. However, Phase 1 participants can still participate in the next redemption round.

For example, if you are a Phase 1 holder and missed the redemption for the first phase product, when Phase 2 NFTs are available for redemption, you can still burn your Phase 1 NFT to claim the Phase 2 product and receive a Phase 3 NFT.

As mentioned in the FAQ on the official website, once the redemption reaches Phase 4, the NFT obtained in the fourth phase will be converted into ERC-721 format. Although the specific artistic design and format have not been announced yet, given the strength of the collaboration lineup, there is reason to be excited.

Furthermore, there are reports indicating that Adidas may collaborate with Prada to release a joint NFT collection on January 24. It is speculated that the collection may be inspired by Prada's RE-NYLON regenerated nylon series. According to the information on the website, the release is expected to take place on January 24 at 9:00 PM.