Another collaboration between RTFKT and Space Drip is happening, as the Space Drip 1.2 capsules will be dropping on May 25.
On Saturday, RTFKT announced on its official Twitter account that the “Space Drip mission is coming back to earth.” They teased the date, May 25, and said that “forging is coming.”
Space Drip is RTFKT’s collaborative project with Loopify, born out of the Among Drip meme inadvertently created by RTFKT. The Space Drip project first dropped on March 29, and this featured Among Us-style skins rendered by 18 artists on 100 space capsules.
A Nike Company
RTFKT is a developer of custom sneakers meant to be used in the Web3 space. Nike acquired it shortly before Christmas of 2021, which seemed rather apt since RTFKT’s beginnings involved using Nike models before moving to its own.
According to Benoit Pagotto, a former luxury strategist and e-sports merchandiser who co-founded RTFKT in 2020, they modded Nikes, remixing them in 3D. “We did a logo that is this futuristic swoosh, and now we’re the fourth brand of Nike. So that’s pretty crazy,” he said.
Although RTFKT is a creator-led organization composed of collectors, investors, artists, gamers, and fans, Pagotto and his two co-founders, Chris Le and Steven Vasilev (who also goes by Zaptio) man the helm. The RTFKT brand is scaling exponentially, and Nike’s acquisition has a lot to do with it.
“It sounds like a joke, but the very first deck we did in 2019 said ‘making Nike a roadmap of 2025 in 2020,’” Pagotto remembers. “That was the idea. It’s why we’re so successful—because we love what we do, and we’re focused on bringing the future.”
True to Pagotto’s word, the upcoming iteration, which is the Space Drip 1.2 capsules, seems to be futuristic. It’s dropping on RTFKT on May 25.
Zaptio teased the “Evolution of Space Drip in a separate tweet.” It appears the May 25 drop is an upgraded version of a forging event that RTFKT prepared for Space Drip holders last year. This time around, the team saw a “historic opportunity to upgrade and evolve the game with Nike.”
Whereas last year’s event had 18 creators, there will be 19 Space Drip creators for this upcoming iteration. Also, there are more capsules this time compared to last year.
With Space Drip 1.2, 345 total capsules will be up for sale, and each one is priced at Ξ 0.5, or roughly $1,040. As per OpenSea’s description of the project, each capsule will have a “random creator drip,” which will grant holders access to future utilities.
This latest NFT drop from RTFKT and Space Drip will feature designs from Ben Mauro (Huxley, Defaced, and Loopifyyy (Treeverse). What’s great about this project is that all revenue and royalties will be split with all creators.
RTFKT announced on Sunday that the Space Drip drop will have a corresponding forging event/process. According to the announcement, owners of the Space Drip NFTs will have the opportunity to forge 19 creator versions of the Space Drip x Nike AF-1.
Key dates to remember regarding this NFT drop are the following:
- May 25, 2022—drop date
- May 25, 2022 to June 1, 2022—Sneaker NFT redemption
- June 1 to 10, 2022—NFT forging (digital and physical)
During the forging process, 1 Space Drip NFT = 1 Space Drip x Nike AF-1. The forging cost is Ξ 0.333 or about $700.
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