Puma Rebrands Twitter Handle to ‘Puma.eth’, Invests in Feline-Inspired NFTs

All “.eth” names are NFTs that are classified as “Ethereum Name Service” (ENS).

By Radhika Parashar | Updated: 23 February 2022 18:14 IST

Puma Rebrands Twitter Handle to ‘Puma.eth’, Invests in Feline-Inspired NFTs

Photo Credit: Unsplash/ Agata Samulska

Puma was founded on October 1, 1948, in Herzogenaurach, Germany

Highlights

Puma.eth, the name is now also an NFT
Currently Puma ranks 13th on the .eth leadership board
Puma has also invested in cat-inspired NFTs

Puma has purchased a decentralised domain and changed its name to ‘Puma.eth' on Twitter. With this step, the German sportswear brand has joined others like Budweiser to adapt to the up-and-coming blockchain culture. All “.eth” names are actually NFTs that are classified under domain category “Ethereum Name Service” (ENS). Any individual or company that owns an ENS becomes able to receive cryptocurrency, token, and blockchain-based assets.

As per the .eth leaderboard, Puma currently stands on the 13th spot. The list tracks ENS-enabled Twitter handles and ranks them according to the number of followers these accounts have.

Hollywood celebrities Paris Hilton and Shaquille O'Neal are the top two on the scoreboard with 16.8 million and 15.6 million Twitter followers, respectively.

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Puma, at the time of writing, had 1.8 million Twitter followers.

welcome PUMA.eth (@PUMA) :handshake: https://t.co/BuPplzfJgR
— ens.eth (@ensdomains) February 21, 2022

The company has also invested in several NFTs, inspired by the cat family on OpenSea marketplace, a report by CoinTelegraph said. These NFTs include pieces from Cool Cats NFT, Lazy Lions, Gutter Cat Gang, and CatBlox.

The cat's out of the bag…@PUMA @ivandashkov #M3OW pic.twitter.com/lB8WU9EhJO
— CatBlox (@CatBloxStudios) February 21, 2022

NFTs or non-fungible tokens are digital collectibles, built on blockchain.

Puma is, however, not the only lifestyle brand to have debuted in the crypto arena.

Its contemporaries like Adidas and Nike have already entered the sector.

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:point_right: https://t.co/8l8dPwbZWG

First look of the collaborative NFT with @gmoneyNFT @punkscomic and @BoredApeYC

Good luck and #TracksuitUp pic.twitter.com/REYOSdRbNT
— adidas Originals (@adidasoriginals) December 17, 2021

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Further reading: Puma, Blockchain, ETH, Ether, Twitter

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More