Product pages for certain NFTs (including Vault NFTs) may (i) feature a maximum number of editions for the applicable NFT, which represents the maximum amount of NFTs that can exist for that specific NFT or (ii) indicate that the applicable NFT is an open edition and, therefore, has no cap on the amount of NFTs that can exist for that specific NFT. Upon purchase, customers will receive a single NFT edition of the piece they are purchasing.
If an NFT product page features a maximum number of editions, there will never be more editions than the maximum listed on the product page. However, in certain instances, the number of NFTs in circulation at any point in time may be less than the maximum number of editions listed on the product page. For example, if a Vault NFT owner elects to redeem their physical item from our Vault, StockX will ship the physical item to the owner and remove the Vault NFT from the owner's Portfolio and from circulation (i.e., "burn" the Vault NFT). Alternatively, StockX may elect to release only a portion of an NFT edition, which would result in the number of applicable NFTs in circulation at a given time being less than the maximum number of editions for that particular NFT. Although an NFT product page may include a maximum number of editions, StockX does not and cannot guarantee that the maximum number of editions will ever be minted, sold or in circulation.