Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT ...

Ron Faris has left the company to take a role at Disney as Nike has pulled back from some of its virtual efforts.

Nike's RTFKT, which makes virtual collectibles, including sneakers, on Monday announced it will cease operations by the end of January. A Nike RTFKT shoe was part of a recent sneaker exhibit at ...

RFTKT will launch an updated website to maintain its legacy. On Monday, Nike’s digital fashion brand, RTFKT, disclosed that it will cease operations by the end of January 2025.

Nike Inc. is shutting down its digital sneaker division RTFKT as the world’s largest athletic-wear company realigns priorities under a new chief executive officer. Skip to content ...

In December 2021, Nike announced its arrival in the Web3 space with the purchase of crypto fashion brand RTFKT. Three years later, however, the project is nearing its end, with RTFKT (pronounced ...

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out ...

RTFKT, the digital creator of virtual sneakers that Nike Inc. acquired in 2021, revealed Monday that it will shut down operations. The platform shared in a post on X that it will wind down its ...

Nike Facing Class-Action Lawsuit From People Who Purchased RTFKT NFTs: The plaintiffs are seeking unspecified damages of more than $5 million USD for alleged violations of consumer protection laws ...

With Nike, RTFKT has released four digital collections, including for a pair of smart sneakers known as Cryptokicks iRL and a collection of Nike Air Force 1. Related Stories ...

Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January.