Discussions about the fashion industry thread

[yorkshire pud]

A virtual stock market for training shoes??

Why?? 🤷

 

[dieworkwear]

A virtual stock market for training shoes??

Why?? 🤷

It's not a stock market, it's a marketplace where you can buy and sell shoes, among some other things. Stocks don't exist for sneakers. The website's name is StockX, but it operates as a user-driven marketplace like Grailed, eBay, Etsy, and StyleForum.

StockX - Wikipedia

en.wikipedia.org

 

[yorkshire pud]

It's not a stock market, it's a marketplace where you can buy and sell shoes, among some other things. Stocks don't exist for sneakers. The website's name is StockX, but it operates as a user-driven marketplace like Grailed, eBay, Etsy, and StyleForum.

StockX - Wikipedia

en.wikipedia.org

Ah, that makes more sense (if you like rare fancy sneakers I suppose).

 

[hammerhead_corvette]

It's not a stock market, it's a marketplace where you can buy and sell shoes, among some other things. Stocks don't exist for sneakers. The website's name is StockX, but it operates as a user-driven marketplace like Grailed, eBay, Etsy, and StyleForum.

StockX - Wikipedia

en.wikipedia.org

I have a feeling we will be seeing one soon. Baseball cards are being sold in shares and you can now own 1/2000 of a Mickey Mantle rookie card. At some point sneakers will follow suit.

 

[double00]

hm

StarStock

A new way to trade sports cards

www.starstock.com

StockX: Sneakers, Streetwear, Trading Cards, Handbags, Watches

Buy and sell the hottest sneakers including Adidas Yeezy and Retro Jordans, Supreme streetwear, trading cards, collectibles, designer handbags and luxury watches.

stockx.com

 

[Jax]

hm

StarStock

A new way to trade sports cards

www.starstock.com

StockX: Sneakers, Streetwear, Trading Cards, Handbags, Watches

Buy and sell the hottest sneakers including Adidas Yeezy and Retro Jordans, Supreme streetwear, trading cards, collectibles, designer handbags and luxury watches.

stockx.com

Masterworks

Purchase shares in great masterpieces from artists like Pablo Picasso, Claude Monet, Andy Warhol, and more.

www.masterworks.io

 

[double00]

^ sure but i'd rather own the thing . in a way these crypto vehicles invariably * not sell * the present , and which i'd rather buy

 

[VitaTimH]

Cynical take: I think about the irreversibility of blockchain transactions here as an asset to StockX, not a liability. When scams or hacks inevitably occur, StockX can throw their hands up and say that things are out of their hands, that’s just how crypto works, we offer the NFT and that’s it. Rather than providing expensive support staff, remediation, etc.

 

[clee1982]

They always can until they get sued, then the messy legal process begin. Tech always evolved that way

 

[VitaTimH]

Sadly that’s almost always the more profitable way to do things.

 

[jah786]

The nft-nization of sneakers makes a lot of sense for the resell world. The flipper would love to not ship or hold inventory, stockx would love to make the 15% percent creator fee on every nft resale while the sneaker sits in a warehouse, and pretending that a quick money hustle is real culture with a vibrant community is something both flippers and nft bros are very comfortable with.

What I am very interested so see is what happens when inevitably someone gets scammed for their nft and the new (legit by blockhain rules) owner wants to collect from stockx, or when the warehouse gets robbed and numerous transactions make place before anyone realizes the nft is backed by a sneaker that's already on someone else's foot.

Or will this hurt the resell market because all the fake flexers who only buy for clout ig pics before reselling are going to leave the space when ppl trace their purchases on the blockchain and call them out.

So when are we going to see title insurance on NFTs for sneakers? That would be next logical step to hedge the issues of missing the physical item but it seems like only really expensive purchases get to the level of title insurance (homes and cars.)

I love this whole concept because it brings entirely new and literal meaning to: "the shoe is on the other foot."

 

[cb200]

Adding a NFT to an individual shoe as a form of authentication bundled with a contract for ownership opens up a clear path from speculating on an object to speculating on a financial instrument. The crossing the line from market to exchange could be subtle in some regards but large in legal challenges and impact.

 

[Mariokartfever]

we did this once with tulips i think

 

[Epaulet]

I'm continually amazed and a bit confused by Facebook ads. Because of my business and browsing history, I'm regularly served advertisements for high-end menswear.

And.. the comments are often the dumbest things possible. They'll even be explicitly racist or homophobic or otherwise hateful.

Is the "engagement" worth it? Do hateful comments still help the overall visibility? Are they simply targeting the wrong crowd? It seems like a terrible strategy, but this happens with pretty large brands - and I'd assume that every advertising move that they make is intentional.

 

[clee1982]

Menswear on FB brings out the worst especially anything that’s CM…