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Why Puma is sticking to its web3 bets as crypto shakes off a long winter

January 20, 2024
in NFT
Reading Time: 2 mins read
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Whereas some manufacturers moved away from web3 in 2023 throughout a protracted crypto winter, Puma stayed the course and its head of rising know-how, Ivan Dashkov, informed TechCrunch+ it has no intentions of leaving.

After two years working with web3, Puma’s tech revenues stay modest, however the sportswear producer intends to be prepared for a extra crypto-friendly future. “Web3 is a giant shift in how folks use the web,” Dashkov mentioned. Such modifications to how the web is used can result in landscape-shifts for manufacturers, one thing that Puma is greater than conscious of.

The corporate “missed the boat” on the massive e-commerce and social media waves that occurred previously few a long time, so it desires to be early on this house, Dashkov defined. “We don’t assume the way in which the house exists in the present day might be what it appears to be like like in 4 or 5 years, however we wish to be prepared.”

In February 2022, Puma registered its first Ethereum Identify Service (ENS) area — Puma.eth. ENS domains are widespread amongst Ethereum customers who wish to have accessible addresses, often associated to themselves or a model, as an alternative of copying and pasting a string of randomly generated letters and numbers.

In June 2023, Puma launched Black Station and Black Station 2, which its web site refers to as an “experimental 3D spatial playground,” which is lots of phrases to principally describe a metaverse. I examined out the entry web page and located it to be a bit sluggish and complicated. (Disclaimer: I’m not an enormous gamer, so possibly I’m lacking the purpose, however I think about not all Puma followers are both.) Regardless, its metaverse goals to offer customers with a special approach to work together with the model, Dashkov mentioned.

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Tags: betsBrandscryptoEC BlockchainEC CryptocurrencylongNFTNFTsPumaRetailshakesstickingWeb3winter
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