Going against previous reports, the Nike HyperAdapt 1.0 self-lacing sneakers are going to cost $720 with an expected release date of Dec. 1.

Initially, the high-tech Back to the Future shoes were believed to come with a $1,000 price tag and become available on Nov. 28.

In other words, the good news is that it's a bit more affordable than once thought, but the bad news is that the moment when everyone can help themselves to it has been pushed back by a few days.

Self-Lacing HyperAdapt 1.0's Price And Release Date Confirmation

For starters, the renowned YouTuber and sneaker enthusiast Jacques Slade announced the $720 price and Dec. 1 release date of the HyperAdapt 1.0, spreading the word via Twitter.

Just CONFIRMED with NIKE. Hyperadapt 1.0 is NOT $1000. It is $720 releasing on 12/1. pic.twitter.com/eqcwybbRyN — Jacques Slade (@kustoo) November 14, 2016

Corroborating the details is a Nike spokesperson's confirmation to Mashable.

To put two and two together, it's pretty much a surefire deal that the self-lacing footwear will come right on time before the holidays kick in full gear and be slightly cheaper than originally reported.

A Little Refresher: What The HyperAdapt 1.0 Has In Store

For those looking to grab the HyperAdapt 1.0, here's a short look at what it can bring to the table: the sneakers' laces will automatically tighten when the wearer hits a sensor with their heel.

For adjustment, they are equipped with two buttons on the side that can loosen or tighten their fit. That means comfort isn't exactly an issue here.

Powered by lithium-ion batteries that's touted to last two weeks, the shoes have LEDs on the heel and sole to display battery life. Blue means the battery is still going strong, yellow is an indication that it only has a few days' worth of juice left and red is a sign that it needs to be recharged as soon as possible.

"Innovation at Nike is not about dreaming of tomorrow. It's about accelerating toward it. We're able to anticipate the needs of athletes because we know them better than anybody. Sometimes, we deliver a reality before others have even begun to imagine it," Tinker Hatfield, well-known designer of many Nike shoes, said.

What About Nike's Limited-Edition Air Mags?

Put simply, the Air Mags are all cleaned out, but that shouldn't come as much of a surprise since there were only 89 pairs produced.

To boil things down, strutting down the street in Marty McFly style is a bit expensive, but at any rate, the HyperAdapt 1.0 is one step closer to that futuristic reality. All we need now is the hoverboard, and not one of those "fake" and misleading gizmos.

With all said and done, what do you think of Nike's self-lacing Back to the Future sneakers? Drop by our comments section below and let us know, especially if you're going to nab a pair.

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