Nike Air Force 1 Sneakers for Jay-Z Resurface on Rares

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Nike Air Force 1 Sneakers for Jay-Z Resurface on Rares
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The investment platform launched the limited-edition pair to mark the launch of their secondary market trading.

Air Yeezy prototype sneaker from Sotheby’s for $1.8 million, which set a new record for highest-priced sneakers. The sneakers were worn by Ye, then known as Kanye West, at the 2008 Grammy Awards.

Months after the acquisition, the company secured $4 million in seed funding from MaC Venture Capital and with participation from Cake Ventures, Portfolia Rising America Funds I and II, Evolution VC, W Fund and Gaingels to be put toward product, inventory and team expansion. Sapp said Rares does not share the overall number of users on the platform, but that the current number is “within our projections of where we’d be at this stage when we launched Rares.”

He added, “We do not have any [year-over-year] numbers to share at this point because we have only been offering IPOs for less than a year. However, we have seen healthy IPO activity on several of our IPOS.” The company revealed that more sneakers will be made available on the secondary platform, like the original Air Jordan 1 sneakers, the Nike Air Ship and the Apple Sneaker designed and issued specially for Apple employees in the early ’90s.

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