A lacing element for a fastening system of an article of footwear is formed using a continuous strip of material that is folded across itself in a series of different directions to produce a plurality of folded loops. A first group of exposed folded loops form eyestays for a lace, with each eyestay being formed by a trailing edge of one exposed loop and a leading edge of an adjacent exposed loop. The trailing edge and the leading edge are formed by folded regions in the continuous strip of material that are points of contact for the lace. A second group of secured folded loops are disposed below the exposed loops and are used to attach the lacing element to an upper of the article of footwear.