StockX is a website that lets you buy and sell sneakers. It's very popular, especially in Europe, and has raised over $160 million in funding.
Some people complain that the sneakers they buy are fakes, but others have found great deals online. The StockX website https://www.stockxsneaker.net/ helps people find great sneakers at a great price, and is one of the safest places to buy them.
It has raised $160 million
The Stockx Air Jordan 1 Mid sneaker is the newest addition to the growing sneaker ecosystem, and it has recently received a $160 million funding round. The company counts celebrities like Eminem as investors, and Mark Wahlberg as an advisor. According to the website, the company does more than $2 million worth of transactions every day, which amounts to around $700 million a year. The new company has already raised more than $80 million and has attracted the attention of investors including General Atlantic, DST Global, and GGV Capital.
Unlike eBay, StockX does not require user profiles and instead offers detailed information on each item's history. This allows users to track prices and sales history. This makes it more like a stock market than an eBay listing, and investors like General Atlantic, DST Global, and GGV Capital have poured millions of dollars into StockX.
It is popular in Europe
Recently, a StockX report found that the Air Jordan 1 Mid silhouette has been growing in popularity outside of the US. In Spain, for instance, women's Air Jordan 1 Mids are selling for 10-times the global average. In the future, these sneakers are expected to make up 50% of Jordan Brand sneaker sales in selected markets.
The mid is now one of the most popular Jordan sneakers worldwide, and the EU was the number one buyer per capita in Q3 2020. In Italy, France, and the UK, mid sales accounted for 63 percent of the total number of AJ1s sold in Q3 2020. In the US, however, mids made up just 41 percent of total sales.
It sells high quality fakes
In order to spot fake Air Jordan 1 shoes, look for the following characteristics. First, the swoosh on the authentic shoe is angular, while the swoosh on a fake is rounded and curvy. Also, the text on a fake is thicker and lacks the angular shape.
StockX has a dedicated authentication center that uses about 25 to 30 indicators to distinguish authentic sneakers from fakes. The company claims to have stopped $60 million worth of counterfeit sneakers from reaching consumers. During its initial start-up phase, StockX was staffed by a small team, and has grown to 370 employees. Its Tempe, Ariz., authentication center has 40 people.
Another sign of a fake is a StockX tag. StockX authenticators use years of experience to look for the tag and accessories. They also examine the shoe's quality.
It has a proprietary in-person authentication process
StockX is a leading online sneaker marketplace, operating on a bid-ask model and offering one-off product launches. The company has a team of over 300 certified authenticity experts in 11 authentication centers across four continents and more than 200 additional team members who specialize in quality assurance and knowledge management. Since 2016, StockX has prevented over $400 million worth of counterfeit products from being listed on the site. Each product must pass the company's rigorous authentication process in order to be listed on the site.
To ensure authenticity, StockX uses a proprietary in-person authentication process that involves examining the item in person. The company claims to have a 3.4-star rating on Trustpilot for its service. Buyers and sellers use a bid-ask system to transact through StockX. The seller sets an asking price, and the buyer offers a bid amount. The buyer can either accept or reject the bid, and the transaction will be charged to the buyer's credit card.