Nike's new NFT sneakers selling for more than $100,000

Customers are paying between $4,000 and $9,500 in cryptocurrency for the shoes, but some pairs have sold for well over six figures.

to assure each item is unique and unchangeable. . Instead, the shoes will go on the feet of an avatar that walks around a virtual world, such as Decentraland.

CryptoKicks are customizable, with customers purchasing a"skin vial" to change the color of the shoes' signature Swoosh, heel, straps and tongue. NFT design studio RTFKT created the shoes after Nikethe startup in December. Nike and RTFKT are hoping the shoes will give them a slice of what's projected to be a boom in metaverse-related sales in coming years.

The market for transactions in the metaverse is expected to reach $6.1 billion this year and nearly $42 billion globally by 2026, according to research firm Strategy Analytics.

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