"The lacing mechanisms described as an "individually responsive system that senses the wearer's motion to provide adaptive on-demand comfort and support. But this is just the first iteration," Nike said in a statement.
Nike's announcement does not say when or if the limited edition Nike Mag sneakers will ever be available to the public.
However, the announcement does mention that the shoe is a limited edition model that will first be sold via auction with all the proceeds going to the Michael J Fox Foundation for Parkinson's Research.
"By imagining the future, we create it," reads the statement from Nike.
"Product that comes alive, with on-demand comfort and support when you need, product that senses you and adapts to you is right around the corner.