Under Armour, a popular sportswear brand, has recently stepped into the metaverse, a virtual world where users can interact with each other and digital objects in a three-dimensional space. The company’s move into the metaverse comes as more and more businesses are exploring the potential of this emerging technology to connect with consumers in new and innovative ways.
One of Under Armour’s first ventures into the metaverse is through the creation of NFTs, or non-fungible tokens, which are unique digital assets verified on a blockchain. The company recently released a collection of NFTs featuring “wearable” Steph Curry sneakers, which can be used in the metaverse for virtual goods, services, and entertainment. All proceeds from the sale of these NFTs will go towards children’s sports charities.
As the metaverse continues to gain popularity and grow in size, it presents new opportunities for businesses to engage with consumers and create unique experiences. Under Armour’s move into the metaverse with NFTs is just one example of how companies are exploring the potential of this technology to create new revenue streams and connect with consumers in new and exciting ways.
Under Armour’s Vision for the Metaverse
Under Armour, the American sportswear and footwear brand founded in 1996, has been exploring the potential of the metaverse, a virtual world where users can interact with each other and digital objects in real-time. The company’s vision for the metaverse is to innovate sportswear in virtual worlds, create strategic partnerships and collaborations, and leverage technology to enhance the user experience.
Innovating Sportswear in Virtual Worlds
Under Armour’s foray into the metaverse has been marked by the release of digital replicas of the sneakers worn by NBA superstar Stephen Curry, which were sold as non-fungible tokens (NFTs).
These “wearable” sneakers allow users to display their virtual sneakers in the metaverse and interact with them in ways that were previously impossible in the physical world. Under Armour plans to continue innovating sportswear in virtual worlds by exploring new designs and functionalities that take advantage of the unique capabilities of the metaverse.
Strategic Partnerships and Collaborations
Under Armour has also been forging strategic partnerships and collaborations to expand its presence in the metaverse. The company has partnered with CyberKongz, HAPE, Smilesss, and Chibi Dinos to launch the largest branded cross-community NFT project in history, which aims to unify the basketball community in the metaverse. Under Armour has also collaborated with other companies and organizations to explore new use cases for its products in the metaverse.
Under Armour’s vision for the metaverse is to create a seamless user experience that combines the best of the physical and virtual worlds. The company plans to leverage technology to enhance the user experience and create new opportunities for engagement and interaction. By innovating sportswear in virtual worlds and forging strategic partnerships and collaborations, Under Armour aims to become a leading player in the metaverse and shape the future of digital experiences.
Things to do in the Under Armour Metaverse
Under Armour has recently stepped into the metaverse with its “wearable” Steph Curry sneakers, which can be worn across three metaverses – Decentraland, The Sandbox, and Gala Games. The brand is known for its focus on technical fabrics and materials that wick away sweat and provide support and compression for athletes.
Here are five things to do in the Under Armour metaverse:
- Explore the virtual world: The Under Armour metaverse offers a vast, immersive world that mirrors and extends the real one, allowing people to do and be what previously could only be imagined. Users can explore the virtual world and interact with other users.
- Try on virtual Under Armour products: Users can try on virtual Under Armour products, including compression wear, base layers, outerwear, and accessories, as well as athletic footwear. The virtual products are designed to provide support and compression for athletes just like the real ones.
- Participate in virtual sports events: Under Armour metaverse offers virtual sports events that users can participate in. The events are designed to simulate real-world sports events, and users can compete against other users from around the world.
- Create and customize avatars: Users can create and customize avatars to represent themselves in the virtual world. The avatars can be customized with different outfits, hairstyles, and accessories.
- Purchase virtual Under Armour products: Users can purchase virtual Under Armour products using cryptocurrency. The virtual products can be used in the virtual world and are designed to provide the same level of support and compression as the real ones.
The Under Armour metaverse offers a unique and immersive experience for users. With a focus on technical fabrics and materials that wick away sweat and provide support and compression for athletes, the virtual products are designed to provide the same level of performance as the real ones.
Digital Collectibles and NFTs
Under Armour has made a significant impact in the digital fashion world with the release of its first NFT collection, the Genesis Curry Flow. This collection is comprised of 2,974 digital replicas of the signature UA shoe worn by basketball star Steph Curry when he broke the all-time NBA record for three-point shots. Each NFT is priced at $333, and all proceeds from the sale will go to children’s sports charities.
The Genesis Curry Flow NFT Collection
The Genesis Curry Flow NFT collection is a digital representation of the iconic sneaker that Steph Curry wore during his record-breaking game. These digital collectibles are unique, non-fungible tokens that are stored on a blockchain network, making them verifiable and transferable. Each NFT in the collection is one-of-a-kind, with its own distinct characteristics and value.
The Genesis Curry Flow NFT collection is a prime example of how the fashion industry is embracing the world of NFTs. By creating digital collectibles that are unique and verifiable, Under Armour is tapping into a new market of collectors who are willing to pay a premium for exclusive items.
Cross-Platform Wearables
Under Armour has also made a significant move into the metaverse with its cross-platform wearable sneakers. These sneakers are digital replicas of the Genesis Curry Flow shoe and are the first wearable, cross-platform metaverse shoe. The NFTs are designed to be worn in virtual worlds, allowing users to show off their style and fashion sense in a digital environment.
The cross-platform wearables are a significant development in the fashion industry, as they allow brands to extend their reach beyond the physical world. By creating digital replicas of their products, brands like Under Armour can tap into a new market of consumers who are looking for unique and exclusive items to wear in virtual worlds.
Under Armour’s foray into the world of NFTs and cross-platform wearables is a significant development in the fashion industry. By embracing digital collectibles and virtual fashion, Under Armour is staying ahead of the curve and tapping into a new market of consumers who are looking for unique and exclusive items to wear in virtual worlds.
Athlete Endorsements and Collaborations
Stephen Curry’s Influence
Under Armour’s collaboration with Stephen Curry has been a significant factor in the brand’s entry into the metaverse. The NBA superstar has been a brand ambassador for Under Armour since 2013, and his influence has been instrumental in the creation of the Curry Flow 9 sneakers. The Curry Flow 9 sneakers are the first Under Armour product to be turned into a non-fungible token (NFT) collection, which is applicable across multiple metaverse platforms.
Curry’s recent achievement of becoming the all-time 3-point leader in the NBA has also been celebrated by Under Armour. The brand has released a collection of NFTs that are digital replicas of the sneakers Curry wore during the record-breaking game.
The NFTs have been well received by the basketball community and have helped to establish Under Armour as a brand that is committed to engaging with its audience in the metaverse.
Engaging the Basketball Community
Under Armour’s entry into the metaverse has been met with enthusiasm from the basketball community. The brand has been actively engaging with its audience by creating NFTs that are relevant to the sport.
The Curry Flow 9 sneakers, which were specifically designed for basketball, have been turned into a collection of NFTs that are highly sought after by fans of the sport.
The brand’s collaboration with Stephen Curry has also helped to establish Under Armour as a brand that is committed to engaging with the basketball community. The NFTs that were released to celebrate Curry’s achievement of becoming the all-time 3-point leader in the NBA were a testament to the brand’s commitment to the sport.
Under Armour’s entry into the metaverse has been a success, thanks in part to its athlete endorsements and collaborations. The brand’s collaboration with Stephen Curry has been particularly successful, as it has helped to establish Under Armour as a brand that is committed to engaging with its audience in the metaverse.
Gaming and Interactive Experiences
Under Armour’s entry into the metaverse space is marked by its collection of NFTs that are priced at $333 each, with all proceeds going towards children’s sports charities. However, Under Armour’s foray into the metaverse is not limited to just NFTs, as the brand is also exploring gaming and interactive experiences.
Integration with Popular Games
Under Armour is looking to integrate its brand into popular games in the metaverse, such as Decentraland, The Sandbox, Gala Games, and Town Star. By doing so, the brand aims to increase its visibility and engagement with gamers in the metaverse. The integration with popular games will allow players to customize their avatars with Under Armour-branded clothing and accessories, further increasing the brand’s presence in the metaverse.
Play-to-Earn Utility and Engagement
Under Armour is also exploring the concept of play-to-earn utility, which allows players to earn cryptocurrency or other rewards by playing games in the metaverse.
The brand is looking to create its own simulation game that will allow players to earn Under Armour-branded rewards by completing various challenges and tasks. This will increase engagement with the brand and provide players with an incentive to interact with Under Armour in the metaverse.
Under Armour’s entry into the metaverse is marked by its collection of NFTs, but the brand is also exploring gaming and interactive experiences. By integrating with popular games and exploring play-to-earn utility, Under Armour aims to increase its engagement with gamers in the metaverse and increase its visibility in the space.
Community and Social Impact
Charity Initiatives
Under Armour has been involved in several charity initiatives, including their recent foray into the metaverse. The Under Armour collection of NFTs was priced at $333, with all proceeds going to children’s sports charities. This initiative is an excellent example of how companies can use emerging technologies to support charitable causes.
Access to Sport and Empowerment
Under Armour has always been committed to promoting access to sport and empowering underserved communities. The company’s Eat. Learn. Play. Foundation, founded by Ayesha Curry, has been doing excellent work in the Bay Area, focusing on providing access to education, nutrition, and physical activity to underserved communities.
Through this foundation, Under Armour has demonstrated its commitment to promoting social impact and community development.
The metaverse is an exciting new platform that has the potential to transform the way we interact with each other and the world around us. Under Armour’s involvement in the metaverse is an excellent example of how companies can use emerging technologies to promote social impact and community development.
By using the metaverse to support charitable causes and empower underserved communities, Under Armour is demonstrating its commitment to making a positive difference in the world.
Frequently Asked Questions
When was the Under Armour Metaverse experience launched?
Under Armour announced its partnership with Decentraland and NBA champion Stephen Curry in December 2021. The first NFT drop to celebrate Curry’s new record as the all-time NBA leader in three-point shots was launched on December 21, 2021.
How much does it cost to participate in the Under Armour Metaverse events or purchase digital items?
The cost of participating in Under Armour Metaverse events or purchasing digital items varies and is dependent on the specific event or item. The cost is typically based on the market value of the digital asset at the time of purchase.
What type of cryptocurrency is used for transactions within the Under Armour Metaverse?
Under Armour Metaverse uses Ethereum (ETH) cryptocurrency for transactions within the platform.
Can you own digital assets like NFTs within the Under Armour Metaverse, and how do they work?
Yes, users can own digital assets like NFTs within the Under Armour Metaverse. NFTs are non-fungible tokens that represent unique digital items, such as artwork, music, and video game assets. NFTs are stored on the blockchain, making them verifiable and secure. Users can buy, sell, and trade NFTs on the platform.
What is the significance of the Curry Flow in relation to Under Armour’s Metaverse strategy?
The Curry Flow is a signature shoe line created by Under Armour and NBA champion Stephen Curry. The Curry Flow is a key part of Under Armour’s Metaverse strategy as it represents a valuable digital asset that can be used within the platform. Under Armour has created digital replicas of the Curry Flow shoes as NFTs, which can be bought and sold on the platform.
Where is the global headquarters of Under Armour located?
The global headquarters of Under Armour is located in Baltimore, Maryland, USA.