Latest News and Articles about Nike

Nike Sued for $5M Over RTFKT NFT Shutdown: Investors Seek Justice

30 April 2025 Daily Feed Lawsuit, NFT, Nike, RTFKT

Nike Faces $5 Million Lawsuit Over RTFKT NFT Shutdown Nike is embroiled in a $5 million class action lawsuit filed by NFT buyers who allege significant financial losses following the unexpected closure of Nike’s RTFKT digital asset division in December 2024. The plaintiffs, led by Jagdeep Cheema, claim the shutdown caused a sharp drop in […]

Nike Abandons RTFKT Virtual Sneakers, Signals Metaverse Decline

17 January 2025 Daily Feed Metaverse, Nike, RTFKT, virtual sneakers

Nike to Shut Down Its RTFKT “Virtual Sneakers” Project by January 2025 Nike has decided to pull the plug on its RTFKT “virtual sneakers” project by the end of January 2025, signaling a significant retreat from the metaverse space. This decision reflects broader industry trends as the anticipated boom in metaverse engagement fails to take […]