U.S. markets closed
  • S&P Futures

    4,548.00
    +10.50 (+0.23%)
     
  • Dow Futures

    34,706.00
    +140.00 (+0.41%)
     
  • Nasdaq Futures

    15,698.75
    -19.00 (-0.12%)
     
  • Russell 2000 Futures

    2,177.20
    +17.90 (+0.83%)
     
  • Crude Oil

    67.83
    +1.57 (+2.37%)
     
  • Gold

    1,785.40
    +1.50 (+0.08%)
     
  • Silver

    22.61
    +0.13 (+0.60%)
     
  • EUR/USD

    1.1305
    -0.0013 (-0.11%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • Vix

    30.67
    +2.72 (+9.73%)
     
  • GBP/USD

    1.3228
    -0.0007 (-0.05%)
     
  • USD/JPY

    112.9130
    +0.1130 (+0.10%)
     
  • BTC-USD

    48,664.94
    -430.30 (-0.88%)
     
  • CMC Crypto 200

    1,247.97
    -193.79 (-13.44%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    27,789.55
    -240.02 (-0.86%)
     

The first Olympic gold medal in skateboarding went to a Nike athlete

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
Yuto Horigome of Japan in action on the street skating course at the Olympics
Yuto Horigome of Japan in action on the street skating course at the Olympics

Skateboarding has its first-ever Olympic gold medal.

Japan’s Yuto Horigome beat out competition from Brazil and the US in the street skating competition, nailing one big trick after another to take the top spot. It was a memorable moment for the 22-year-old, a native of host city Tokyo, who started skating in a park not far from the Olympic venue.

It was also a milestone for skateboarding, which began as a misfit sport pioneered by California surfers and is still banned even in areas close to the Olympic venue. Neighborhood restrictions notwithstanding, the sport today is undeniably global, influential, and flush with corporate cash.

Skateboarding sponsorships

While many skaters rely on sponsorship from companies focused solely on making equipment for skating, some of the biggest corporations in sports have created their own skate teams.

Horigome is sponsored by sneaker giant Nike, which also created the Olympic kits for the national skate teams of Japan, France, Brazil, and the US. Other top stars in the sport, such as Nyjah Huston of the US and Leticia Bufoni of Brazil, are also on Nike’s roster. Adidas and New Balance have skate divisions too, backing names such as Tyshawn Jones and Jamie Foy, respectively.

Skateboarding style has gone mainstream

The involvement of some of the biggest corporations in sports reflects how prominent—and mainstream, despite its outlaw reputation—skateboarding has become. These days skating videos are all over social media platforms such as YouTube, Instagram, and TikTok.

Skate culture also has shaped popular fashion, most notably through streetwear, a style with roots in California’s surf and skate scene. It has given rise to successful clothing companies such as Palace and Supreme, which was acquired for $2.1 billion last year. The conglomerate that bought it, VF Corp., also owns brands such as The North Face and Vans, which was itself launched to prominence by skateboarders and has seen its stature grow in recent years.

Last year, Louis Vuitton created a luxury skate shoe, complete with an ad campaign in skate bible Thrasher that featured pro skater Lucien Clarke of Jamaica. Virgil Abloh, head of Louis Vuitton menswear and founder of Off-White, grew up skating himself and occasionally posts reminders of this fact on his Instagram account. He’s also taken influence from the Nike SB Dunk, a skate style Nike introduced in the early 2000s that’s currently one of the most hyped shoes on the sneaker market.

A Starbucks-like influence

Even so, skating retains a rebellious spirit, with some skaters still not loving the idea of it being sanctioned by the Olympics.

In an interview with The Guardian, Micky Papa, a Canadian skater competing in the Olympics, acknowledged that a lot of young skaters might push back against the notion. He defended it by comparing the Olympics to Starbucks, the ubiquitous coffee chain that kicked off a cafe craze in the US and other parts of the world, saying the Olympics can help introduce skating to newcomers who could then make the sport their own.

Sign up for the Quartz Daily Brief, our free daily newsletter with the world’s most important and interesting news.

More stories from Quartz: