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Adidas Partners With Coinbase, Obtains Sandbox Land

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Crypto Briefing

Thu, Nov 25, 2021

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Aliens TLDR

Footwear and clothing company Adidas has announced two new crypto endeavors with Coinbase and The Sandbox.

It revealed little about the nature of the partnership, ending the tweet with: “Probably nothing.” Coinbase confirmed the partnership, as it replied “[Good morning]...Welcome to the party, partner!” One day earlier, Adidas took note of the Ethereum -based VR game The Sandbox and suggested that it would build something in the game’s virtual parcels of lands, calling the concept “AdiVerse.” It appears that Adidas already owns property on The Sandbox, as its name can be seen on a parcel of land at these coordinates .

It is still unknown whether Adidas’ partnership with Coinbase is related to its activity in The Sandbox.

It is possible that Coinbase is related to that effort, especially if Adidas plans to release a larger line of non-fungible tokens.

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