StockX is a company that was founded in 2016 with the aim of bringing transparency to the secondary sneaker market. The company operates as an online marketplace and uses a live bidding system to allow users to buy and sell sneakers.
StockX has been working on building its own AI-powered search engine, which will be able to predict trends and patterns in the sneaker market. This will help them offer better pricing and inventory management, as well as improving their customer experience by providing personalized recommendations.
Now they are entering the NFT platform.
Introducing NFTs on StockX, new digital tokens providing unprecedented access and utility for our global community. These exclusive NFTs connect coveted physical products with investable digital assets, from sneakers to creators to experiences and more.
The future of culture is here.
Own the most popular releases digitally and start saving on fees (and closet space). Each Vault NFT is tied to the same physical item, stored in our brand new, climate-controlled, high-security vaults inside StockX facilities.
So if you’re bullish on a shoe, consider investing in a Vault NFT. You take possession of the NFT immediately after the transaction is complete, meaning it is the fastest way to flip. And with no shipping costs, and market-leading low seller fees at a fraction of the cost, there’s a lower hurdle for profitability.
This is also going to be a long term hedge against counterfeit shoes. IF you have own the NFT and the shoe, you likely will have to transfer both in the future.
StockX is an online marketplace for fashion brands that was launched in 2016. It is a safer and more efficient way to buy, sell, and trade luxury goods.
The company has been able to create a new type of marketplace where buyers can buy from sellers directly without the need for a middleman. This eliminates the risk of counterfeit products being sold on the site.
In StockX, you have access to high-quality items at a fraction of the retail price.