News & Insights

Five of the biggest Web3 Brand Collaborations

9 Aug 2023

Sophie Robson

Head of Innovation

3 minute read

In a world where innovation and technology intersect with creativity and commerce, the realm of non-fungible tokens (NFTs) has emerged as a game-changer. Brands across industries are recognizing the transformative potential of NFTs, leveraging their unique capabilities to redefine customer engagement, enhance brand loyalty, and push the boundaries of traditional marketing. This article explores the dynamic impact of NFTs on various brands, from the convergence of fashion and blockchain with Nike RTFKT, to the strategic ventures of Budweiser and Gary Vaynerchuk into experiential NFTs.

 

Nike RTFKT

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Nike and RTFKT have launched a physical “Web3 sneaker.” Photo: Courtesy of RTFKT

Nike RTFKT has made a significant impact by pushing the boundaries of innovation through its Cryptokicks iRL. This pioneering creation represents a leap forward in smart sneaker technology, merging nostalgia with cutting-edge features. The integration of NFT technology has redefined the sneaker industry by offering limited-edition pairs as NFTs, bridging the gap between the physical and digital worlds. This innovation has set a new standard for the convergence of fashion and blockchain technology, offering enthusiasts a novel way to engage with sneakers and digital ownership.

 

NFTs and Sponsorship Properties: Budweiser and Gary Vaynerchuk

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Gary Vee from VayerNFT Launches Budweiser NFT Collection

Budweiser's foray into the NFT realm signifies a strategic move to reshape sponsorship properties. By leveraging NFTs, Budweiser aims to establish deeper connections with fans, offering experiential NFTs that grant access to exclusive celebrity experiences. This approach highlights the transformative potential of NFTs in engaging consumers beyond traditional marketing strategies. Budweiser's proactive adoption of NFTs showcases its readiness to embrace emerging trends and redefine brand engagement, setting a precedent for other global brands to follow suit.

 

Innovative Reward Systems and Fashion: Doodles and Adidas

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Doodles Unites with Adidas to Invent 'Pharrell Pack’ featuring a selection of limited-edition wearables and physical merchandise.

The collaboration between Doodles and Adidas introduces a new paradigm of rewards through NFTs. This initiative demonstrates the profound impact of NFTs in revolutionising customer engagement and loyalty. By combining limited-edition wearables with blockchain technology, Doodles and Adidas enhance the allure of their offerings and provide a unique user experience. This strategic integration showcases the potential of NFTs to drive innovation in the fashion industry, redefining how brands interact with their communities.

 

E-commerce and NFT Integration: Shopify and Immutable X

shopify_xShopify and Immutable X

Shopify's integration with Venly and its expansion to Avalanche represent a transformative shift in the e-commerce landscape. This move underscores the growing influence of NFTs in the mainstream market, enabling merchants to seamlessly mint and sell NFTs through existing storefronts. By reducing barriers to entry and transaction fees, Shopify and Venly democratise NFT sales, unlocking new opportunities for both creators and consumers. This development highlights the impact of NFTs in reshaping traditional e-commerce models and fostering a more inclusive marketplace.

 

Exploring Virtual Reality and Beauty: Fenty Beauty X Roblox

fenty_robloxRihanna’s Fenty Beauty Launches Interactive Experiences in Roblox

Fenty Beauty's collaboration with Roblox demonstrates the growing intersection of beauty and virtual reality. By introducing an immersive experience for users to customise their products within a virtual environment, Fenty Beauty taps into the potential of NFTs to enhance brand engagement. This partnership showcases the impact of NFTs in redefining consumer interactions and expanding brand reach beyond traditional channels. As major beauty brands embrace virtual platforms, the potential of NFTs to reshape the beauty industry's landscape becomes increasingly evident.

 

Embracing the Future

The impact of NFTs extends beyond fleeting trends; it's a testament to a future where traditional boundaries dissolve and possibilities unfold. Brands embracing NFTs are pioneers, charting new territories where innovation and consumer interactions merge seamlessly. With each stride, the brand landscape evolves, shaping a tomorrow where connection knows no bounds and experiences transcend the ordinary.

Who would you like to collaborate with and why? Contact Crowd to help you establish a road map and go-to-market collaboration strategy for your brand.

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