Meet the 13-year-old student selling sneakers for Bitcoin: The Agenda podcast


Footwear has lengthy been a vital component of tradition and trend worldwide. For some, sneakers exist solely to guard one’s ft from the parts; however for others, they’re the most important a part of a wardrobe. Sneakers, particularly, have developed a cult following, with some ultra-rare pairs selling for tens of hundreds of {dollars}. 

An total trade has developed round sneaker tradition, starting from the shoe producers and retailers themselves to the influencers who assist drive the tradition. And as Web3 turns into extra mainstream, big sneaker brands like Nike are dipping their toes into nonfungible tokens (NFTs) and the metaverse, whereas play-to-earn projects like StepN have additionally experimented with tokenizing sneakers.

One significantly energetic group is resellers, who buy simply launched, high-demand sneakers and resell them to keen consumers who missed out on the authentic drop. CryptoKicks, a United Kingdom-based shoe resale enterprise based by 13-year-old Blake Cockram, is taking this enterprise mannequin and including a contemporary Web3 spin to it — anybody who buys a pair of sneakers with crypto will get 10% off their order.

On Episode 22 of The Agenda, hosts Jonathan DeYoung and Ray Salmond chat with Blake to study what it’s like being a teenage entrepreneur and the way CryptoKicks’ crypto-centric enterprise mannequin helps onboard new customers into the blockchain area.

Onboarding newbies to crypto, one shoe at a time

“We accept crypto as a payment,” Blake defined. “You can pay in whatever you want, but we’ve got a thing going, and if you pay in crypto, you get 10% off any trainer.” According to the younger entrepreneur, this proves an attractive provide for many, particularly when in-demand sneakers on the secondary market can price a whole lot of {dollars}.

“People think, ‘Oh wow, that sounds quite good. May as well get some crypto and get some cheaper Jordans.’”

CryptoKicks accepts Bitcoin (BTC), Ether (ETH) and stablecoins like Tether (USDT). According to Blake, most clients who buy sneakers with crypto are model new to blockchain. “‘I’ve probably only had about one or two people who were already into crypto, but everyone else has kind of been new to it, and we’ve got them into it,” he advised co-hosts Jonathan DeYoung and Ray Salmond. So, along with getting a fairly candy low cost, Blake’s clients additionally learn the way cryptocurrencies like Bitcoin work and take higher management over their property.

“We’ve walked a couple people through it, like download this app, make your wallet, that it might take 24 hours to confirm you, because it normally does. And you just tell them how to go through it. And a couple people have asked us, ‘What’s the best coin for me to pay you in? What would I make money off in the future?’ and stuff like that.”

The lifetime of a 13-year-old crypto entrepreneur

Blake, himself, was orange-pilled by his older brother. “He’s into crypto a lot, and he’s like, ‘We could do something crazy here. ‘You start your company and put crypto in the name, and people are going to go crazy for it.’ And we’ve done it, and it’s worked out pretty good.”