Back in March, Nike introduced folks to the future of sneakers with the unveiling of the Nike HyperAdapt 1.0, an innovative set of shoes featuring adaptive lacing. Now, months removed since the initial news, the Swoosh announces the highly anticipated sneakers' release date and suggested price point.

Taking into account the holidays and the money spent during the Christmas season, Nike confirms the shoes will sale for a suggested price of $720, knocking down the early rumors of the shoes costing around $1,000. With the technically advanced sneakers set to drop in the coming weeks, the shoes follow in the footsteps of Nike's 2016 self-lacing Air Mag that dropped last month. Inspired by Marty McFly's Mag shoes, the first generation of the Nike HyperAdapt 1.0 will include some special features along with its self-lacing technology. Featuring LED lights on the heel portion of the sneakers, the shoes will light at the time its tightening its self-lacing unit, as well as when the shoes are running low in battery.

Set to drop on Saturday, Dec. 1, the innovative Nike Hyperadapt will retail for a suggested price of $720. For now, it remains unknown as to which retailers will carry the Nike shoe. With only a few weeks left for its release, make sure you keep it locked with XXL for more release info.

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