Web3 Move-To-Earn Startup STEPN Teams Up With Adidas For Generative NFT Sneakers 1,000 co-branded Genesis Sneaker NFTs priced at 10,000 GMT (Stepn's native token) will be available on Solana and will be raffled on STEPN's marketplace, MOOAR

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

STEPN via X

Web3 lifestyle app, STEPN, announced it was partnering with the athletic apparel and footwear corporation, adidas, for a collection of non-fungible token (NFT) sneakers based on its most famous running silhouettes.

"With adidas by our side, we are not just dreaming of a new future; we are building it," the startup shared on X. STEPN by Find Satoshi Labs (FSL) requires a virtual sneaker NFT to begin earning crypto rewards via walking, jogging, or running.

The partnership will offer multiple activations, meant to provide a full experience to the community. 1,000 co-branded Genesis Sneaker NFTs priced at 10,000 GMT (Stepn's native token) will be available on Solana and will be raffled on STEPN's marketplace, MOOAR.

"This collaboration between Stepn and Adidas underscores how powerful it is when you can move-and-earn in both the virtual and real world simultaneously. That such a physical and digital—or 'phygital'—partnership between the most widely used lifestyle app and a global brand like Adidas are now a reality indicates the direction lifestyle rewards are going," said Shiti Manghani , CEO, STEPN.

Reportedly, the first 200 Genesis Sneaker NFTs will be dropped on April 17, with another 790 NFTs being released via a public raffle sale from April 18-21.

Paromita Gupta

Entrepreneur Staff

Former Features Writer

Covered news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. 
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.