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Lil Durk Launches ‘NXTG3NZ’ Digital Wearable NFT at Algorand
Rapper Lil Durk has teamed up with Algorand to launch a limited edition NFT collection! The digital wearables, known as ‘NXTG3NZ,’ will be released on April 10. Significantly, the NFT collection consists of the highly anticipated ‘7220’ phygital sneaker collection. Only 11,111 pairs of sneakers will be available. Let’s dive in!
What we know about NXTG3NZ and Algorand
First, let’s take a look at NXTG3NZ. Lil Durk, Satoshi Design and Nexus co-founded NXTG3NZ. Essentially, it is a decentralized footwear company that uses Web3 technology and NFTs to enable celebrities, athletes and influencers, such as Lil Durk, to create their signature shoe brands. The NFTs act as proof of authenticity and offer benefits and rewards for holders. Significantly, the team includes industry veterans from the world’s top shoe brands. Ultimately, NXTG3NZ produces high-quality luxury footwear, stepping into the future of fashion.
Second, let’s dive into Algorand. Silvio Micali, a Turing Award-winning cryptographer, founded Algorand. Essentially, Algorand’s technology provides fast and flexible services for everyone. The company designed its technology to be inclusive, sustainable and to make things more efficient and transparent. This makes it easier for users to participate.
Lil Durk and Algorand collaborate to create limited edition NFT sneaker collection
Algorand and Lil Durk collaborate to create a new NFT collection, 7220 NXTG3NZ. Notably, these phygital collectibles are tied to a real version of the sneaker. This means that anyone who owns a digital pair of 7220 NXTG3NZ sneakers will also receive a physical pair. NFT holders will also receive exclusive benefits such as access to Lil Durk experiences, concerts and the chance to design a pair of sneakers with their elite creative team. In addition, digital sneaker owners can show off their ownership in virtual worlds such as Wilder World and Sandbox.
Lil Durk said: “Using blockchain with fashion makes it more transparent, reaches more people, and we only use NTFs as authenticity. Algorand has it on lock with its technology.”
So how can we get hold of one? Well, the collection’s public embossing event will go live on April 10 at 11:11 a.m. EDT. Fans can sign up now to ensure they’re on the early access list, although the price has yet to be confirmed. Ultimately, this release demonstrates Algorand’s ability to scale digital assets and create value through interactive experiences. In addition, the collaboration between Algorand and Lil Durk marks a significant milestone in the use of blockchain to make fashion more transparent and accessible to more people.
