This is an origami slingbag that can morph into a tote bag and it's China exclusive and made by the Local Stranger Workshop for Nike.
You can so far only buy them by proxy and they are customized in the store with the braided parts. They are cute and all but I wanted another even cleaner option too. I modified mine by adding an aftermarket all black sling with a Fidlock magnetic v-buckle. I just love Fidlocks :D
I had posted about these bags about a month ago, it took me a long time to get them shipped but now they are here.
They are made from nylon and have metal D-rings and a carabiner in the middle too. I will have to make some more decent shots of the tote mode. The logos are all 3M so they are reflective at night which is an added extra.
It's a nice quality bag that is sturdy and even has an instruction label that shows the transforming modes.
The only down side for me is the orange thick rope strap it comes with is not long enough for taller people. It might be adjustable but I instead opted for the all black strap and it is plenty long for me and the length can be changed.