On January 19, StockX LLC, an American sneaker trading platform, is launching a service that allows users to trade sneakers without owning them.
The service launched on Tuesday under the name Vault NFTs, through NFTs tied to physical sneakers, sneaker traders can instantly buy and sell those tokens using blockchain technology to ensure authenticity. Buyers will have tokens and corresponding sneakers, ready for delivery.
All products will be stored in one place until final delivery, eliminating intermediate shipping costs and shipping times.