SneakrCred Snags #1 Ranking on Open Sea
After launching Valentine’s Day 2020, SneakrCred, the sneaker design token, hit a top metric for Non-Fungible Tokens, NFTs, ranked by Open Sea’s monitoring of exchange activity within a few days after launch.
Overall, the San Francisco-based startup reached the 19th ranking in Open Sea’s 7-Day Volume ranking by late Wednesday, February 20th.
SneakrCred is built on the Ethereum platform and its new virtual kick designs are dubbed the EthAIReum Drop #1.
The startup merges sneaker and gaming culture by issuing unique sneaker design templates that owners stake ownership or exchange with one another. These NFT design templates use SneakrCred’s colorways algorithm assuring rare color combinations for these virtual, collectible, sneaker designs. Since they are resellable, Open Sea shows exchange activities of the token-holders with SneakrCred blank, customizable sneaker design “blueprint” tokens reselling for upwards of 100ETH (USD value of $28,000 as of mid-February 2020) for the first token from the OG Token Drop.
Casmir Patterson, SneakrCred’s founder, is touring sporting and gaming conferences to discuss her rarified sneaker token platform that has plans to integrate into the gaming space as rewards tokens.
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