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NFT News

Dior Introduces Ethereum-based Tokenized Sneakers

Exclusive sneakers will be released in a limited run of only 470 pairs, each priced at $1,350.

Written By Ronak Kumar Ronak Kumar
Published July 1, 2023 12:29 PM
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Dior Introduces Ethereum-based Tokenized Sneakers

The luxury fashion house Dior has unveiled a unique line of men’s sneakers linked to its  ‘digital twin’ that are integrated with the Ethereum blockchain. 

The innovative step taken by Dior links each pair of the new sneakers, termed the B33, with a non-fungible token (NFT). However, Dior refrained from explicitly labeling this as an ‘NFT’ initiative.

Sneakers Alert.
Introducing 'B33' sneakers by Kim Jones, from the #DiorMenFall 2023 collection. Each pair is equipped with an encrypted key granting access to a secure platform and exclusive services. Sign up to be the first to shop them online from July 6.

— Dior (@Dior) June 29, 2023

Artistically designed by Kim Jones, the Dior Menswear Artistic Director, the B33 sneakers will be part of Dior’s Men’s Fall 2023 collection. 

According to a Friday tweet from the company, these exclusive sneakers will be released in a limited run of only 470 pairs, each priced at $1,350. With this initiative, Dior aims to provide digital certificates of authenticity for their shoes through the Ethereum platform, enhancing the luxury experience for its customers.

Dior’s upcoming B33 sneaker collection will include six additional styles with an NFC chip under the right foot, but without a digital twin NFT. They will be ranging in price from $1,000 to $1,100. 

This move by Dior is in line with recent Web3 trends and follows similar moves by other brands under the LVMH parent company. Brands such as French cognac Hennessy, watchmaker TAG Heuer, and luxury fashion house Louis Vuitton have also taken steps towards integrating blockchain into their operations.

Also Read: Louis Vuitton Launches $41K NFTs for Elite Clients

The embrace of blockchain technology by Dior and its sister brands underlines the growing intersection of luxury fashion and digital innovation, shaping a new era in the industry.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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