Supreme – the ultra-trendy brand. NFTs – a concept that most do not have a grasp of but is bound to be the future for buying and trading art and basically anything digital. NFTs and Supreme can both benefit from each other. The ability to buy Supreme’s digital content through NFTs would be a surefire way to get everyone to know, talk about and want NFTs even more than they do now. Supreme has much more at stake. Supreme may have a huge opportunity with NFTs, which can create secondary markets for its company.
Does that sound farfetched? Well, it doesn’t have to be. First, a quick briefing on NFTs. The NFTs, which are digital pieces linked to blockchains and are not fungible tokens, are pieces of non-fungible content. This digital content isn’t limited to digital art and can extend to images of physical objects, video game skins, GIFs, Tweets, virtual real estate and more. They are not fungible and cannot be exchanged. NFTs can be unique and no two are alike. An NFT is your sole ownership.
Supreme’s uniqueness and unmatched creativity is one of its main selling points. Everybody wants Supreme’s latest drops, but there are only limited numbers of certain Supreme products. Many people have stood in long lines for Supreme merchandise. So, there is no reason to believe that people wouldn’t jump on the opportunity to buy Supreme’s NFTs, especially if that means they will be the sole owner of that specific Supreme digital product. And there is no reason why Supreme shouldn’t jump on the opportunity to capitalize on NFTs. NFTs have exploded in popularity and are now worth USD 2.5 billion. Supreme’s unmatched creativity could result in merchandise such as digital art or videos that are coveted by thousands.
Spores Network, a NFT marketplace that is aligned with Supreme’s vision and branding, could make it possible for Supreme to marry NFTs very quickly. Spores Network believes decentralization in ownership and the growth of the metaverse are key to bridging our digital and real lives. They aim to build a NFT ecosystem that’s creator-centric and community-driven. Spore’s unique twist on the NFT marketplace is that they function as a media company that leverages an NFT marketplace and game publishing platform to activate content creators in art, games and entertainment.
Supreme’s capitalization of NFTs could change the future of the company and the future of how NFTs are perceived. For Supreme — and all of us — it would be best if this union happens sooner rather than later.