RTFKT announces new tools for owning CloneX NFT … Here’s what’s new

by James · July 5, 2022

In the midst of the current crypto bear market, RTFKT announced new benefits for owning CloneX NFT. This news brings confidence to crypto and blockchain investors, as most NFT projects that emerged in 2021 failed to keep their promises. In this article, we will summarize what RTFKT is and what new tools were announced for all CloneX NFT holders.

Table of Contents

What is RTFKT?

RTFKT (pronounced Artifact) is a creator-led organization. It boasts of being involved in the latest game engines, non-fungible tokens, augmented reality (AR). They aim to make unique sneakers and digital artifacts. RTFKT was among the first in the fashion industry to enter Metaverse and collaborate with other companies and brands.

The project was launched in 2019, and was directly acquired by Nike in December 2021. This was seen as a major step in bringing Web3 applications to the mainstream. Many investors were positive about this news, and jumped on the Metaverse bandwagon.

What is CloneX NFT?

CloneX is a collection of 20,000 algorithmically generated NFTs belonging to RTFKT. They were first marketed as 3D characters that will be used at a later stage in the metaverse of the future to interact with other users. CloneX NFTs are currently traded in secondary markets such as OpenSea. The floor price for 1 CloneX NFT is currently valued at 10.3 ETH, or around $ 11,300.

RTFKT announces new tools for CloneX holders

In today’s fast-moving cryptocurrency sphere, many concepts and applications are constantly evolving. Digital assets and their classifications are evolving along with cryptographic and blockchain technology. For non-fungible tokens, real applications of smart contracts are ahead. There are many tools for owning NFTs, and they change from project to project. Companies usually hype their NFTs to create buzz and gain in valuations.

Specifically for CloneX NFT, RTFKT has just announced 2 new tools for CloneX NFT holders.

The tool for CloneX # 1: 3D files

Holders of CloneX NFTs access 3D files. These 3D files are electronic files that represent a three-dimensional object. They are designed with 3D modeling so that the desired object can be perceived as if it were in real life. This is what Metaverse promises. The 3D file is created by Computer Aided Design (CAD). The creators will basically be able to create anything and bring it to life on Metaverse.

Utility of CloneX # 2: Commercial Rights

Now that you can create anything and model it in 3D, it’s important to claim commercial rights. These rights were very limited in the beginning, but RTFKT announced that they expanded the commercial rights and included many other aspects such as making derivatives, making fan art NFTs, making goods, making music … the possibilities are endless. This will be a game changer in the new Metaverse of RTFKT.

-> For more information, be sure to visit the official press release of RTFKT on Medium <-