What if the sneaker resale market competes with the NFT market?

Between the NFT market and the sneaker market, some investors have a hard time choosing. Indeed, both of them bring in considerable income. That said, sneakers have offered a higher return on investment than NFTs over the past few weeks, even though NFT investing currently has a global trading volume of over $50 billion.

Sneaker models with a very good ROI

The sneakers most in demand today are those designed by major brands and those born from collaborations between two or more brands. Professionals expect the resale sector of sneakers generates more than 6 billion dollars by 2025, as collectors and sneaker enthusiasts expand their collections.

Research by DealA has identified the sneaker styles that fetch the highest prices on the resale market. We can cite the following shoes: the Nike Dunk SB Low Paris and the Jordan 1 OG Bred (1985) which both report a resale premium of more than 145,000%. Also, the resale value of the Nike SB Dunk Low London will be over 41,000%.

The return on investment of reselling the sneakers. Source : DealA

Growing sectors

While it’s true that some sneaker designs are hugely successful, there are others that aren’t exactly as successful. This is the case of the Nike Dunk SB High Oakland Athletics. His return on investment for resale is only 384%.

In recent years, the street wear has seen a meteoric rise in popularity, and sneaker collectors and enthusiasts have been rushing to get their hands on the brands’ coupons to grab the latest pieces at a bargain.

If the street wear continues to be very successful, it is mainly because it reinvents itself each time and that new models appear in the market on a regular basis. Given the growth experienced by this market and that of NFTs, it would not be impossible for a collaboration to emerge between the players of the two markets.

NFTs may be successful, but that success is nothing like that of branded sneakers. Some models sell for high prices and are treated as collector’s items. While the NFT market continues to grow, the sneaker market grows even more and reaches incredible proportions.

Source : finbold

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What if the sneaker resale market competes with the NFT market?

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