Tesla’s Adoption of Bitcoin Opened the Door for Adidas to Enter Web3
According to reports, Erika Wykes-Sneyd, head of Adidas Web3, revealed that if Tesla had not adopted Bitcoin as a payment method for its vehicles, Adidas might…
According to reports, Erika Wykes-Sneyd, head of Adidas Web3, revealed that if Tesla had not adopted Bitcoin as a payment method for its vehicles, Adidas might not be able to set foot in Web3 and put forward relevant strategies and projects, He pointed out that “Elon Musk helped us open that door, but only a little bit. Tesla’s move made the Web3 advocates in Adidas start a dialogue to explore what can be done with blockchain technology.” After that, the Adidas Web3 team spent nine months “developing strategies, building foundations, and building a large number of relationships”, and further purchased its own BAYC MFT, and cooperated with gmoney. (ibtimes)
Person in charge of Adidas Web3: The involvement in Web3 was inspired by Tesla
Analysis based on this information:
Adidas is one of the world’s largest sportswear manufacturers and is constantly striving to innovate and create new technologies to improve its offerings. One area they have been exploring recently is Web3, which is the next iteration of the internet, where decentralized applications (dApps) and blockchain technology play a central role.
According to recent reports, Erika Wykes-Sneyd, the head of Adidas Web3, revealed that if Tesla had not adopted Bitcoin as a payment method for its vehicles, Adidas might not have been able to set foot in Web3 and put forward relevant strategies and projects. This statement highlights the interconnectedness of the technology industry and how one company’s actions can have a significant impact on others.
Elon Musk, the CEO of Tesla, has been a vocal advocate of cryptocurrency and blockchain technology, and his decision to accept Bitcoin payments for Tesla vehicles caught the attention of Adidas Web3 team. This move made Web3 advocates in Adidas start a dialogue to explore what could be done with blockchain technology.
The Adidas Web3 team spent nine months developing strategies, building foundations, and establishing relationships. Additionally, Adidas purchased its own Bored Ape Yacht Club (BAYC) non-fungible token (NFT) and partnered with Gmoney to launch a line of blockchain-enabled virtual sneakers. These initiatives demonstrate Adidas’s commitment to exploring the potential of blockchain technology in their industry.
This story highlights the power of one company’s actions to have significant ripple effects across entire industries. It also highlights the importance of collaboration and dialogue to advance technology and innovation. As Web3 becomes more prevalent, companies will need to work together to share knowledge, build bridges, and explore new possibilities.
In conclusion, Adidas’s entry into Web3 was made possible by Tesla’s decision to accept Bitcoin payments, which opened the door for dialogue and exploration in blockchain technology. This situation demonstrates the importance of collaboration and the significant impact one company can have on the entire industry.
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