ABC
•75% Informative
"Virtual" sneakers can sell for up to hundreds of thousands of dollars , often to clients who don't even play sports, and often never even get worn.
The popularity of sneakers can be dated back to the 19th century when some companies started making rubber-soled shoes for athletes in Europe .
Now in 2023 , physical sneakers are going digital, with Nike , Adidas and many others creating digital shoe companies to trade highly expensive "virtual" sneakers.
Melbourne 's Chase Shiel has been making high-end, customised " one -off" pairs of sneakers in Melbourne for over 14 years .
He says it takes him 20 to 40 hours work on average to make a pair of shoes.
Most of the world's sneakers are made in Asia , where labour and manufacturing costs are cheaper than in Europe and America , as brands aim to economise costs.
A mint-condition pair recently sold through Sotheby's auction house for $ 150,000 .
Celebrity endorsements and celebrity endorsements contribute significantly to the mark-ups.
Some companies are capitalising on the NFT market by creating "virtual" sneakers that can't be worn, but are bought and traded as digital commodities.
VR Score
70
Informative language
63
Neutral language
73
Article tone
informal
Language
English
Language complexity
39
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links