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Nike Faces $5M NFT Meltdown Lawsuit
30.4.2025
Nike is facing a class action lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving investors with significant losses tied to Nike-themed NFTs and digital assets. Plaintiffs, led by Australian investor Jagdeep Cheema, allege they were misled into buying what they...
Nike sued for $5 million over its shutdown of NFT platform RTFKT
28.4.2025
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 users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court...
Nike sued for $5 million over its shutdown of NFT platform RTFKT
28.4.2025
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 users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court...
New Tariffs Could Lead To Fewer Physical Games And Higher Digital Prices
5.3.2025
President Donald Trump’s recently imposed tariffs on Mexico, China, and Canada could potentially lead to higher game and console prices, fewer physical releases, and supply shortages, according to some industry analysts. Read more
Marvel Rivals Hit With Layoffs, MrBeast Says Life Is 'Easier When You're Broke,' And More Of The Week's Top News
22.2.2025
This week saw many of the people behind smash hit Marvel Rivals, including the game’s director, get laid off by developer NetEase in a move the company says was made “for organizational reasons and to optimize development efficiency for the game.” Meanwhile Humane, the company behind a $700 AI...
New Nike Sneakers Seem Inspired By Donkey Kong
18.2.2025
Donkey Kong doesn’t wear shoes. This is a defining trait of Nintendo’s famous barrel-tossin’ ape. But that hasn’t stopped Nike from creating a new pair of sneakers that seem to be directly inspired by Donkey Kong and his popular platformers.Read more
MicroStrategy to eclipse Starbucks, Nike market cap if Bitcoin rallies to $138K
17.12.2024
MicroStrategy’s steady Bitcoin purchases could send its market cap above Starbucks and Nike if BTC rallies above $138,000
NFTs hit $562M in monthly sales, Nike shuts down RTFKT: Nifty Newsletter
4.12.2024
NFTs have started to recover, recording a monthly sales volume of $562 million in November
Nike-owned NFT wearables RTFKT to sunset in January
3.12.2024
The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021
Nike-Owned RTFKT To Shut Down Platform: Big Blow To NFT!
2.12.2024
In the shocking event, Nike-owned RTFKT, a digital collectibles and sneakers platform, announced on December 2 that they…
New Study Shows Kids Are Bullied For Not Spending Money In Free-To-Play Games
27.2.2024
New data from Norway examines how video games influence children, their social behaviors, and their spending habits. It turns out, younger players are being bullied over their lack of cosmetic skins, are using in-game items to become more popular, and are struggling to avoid all the ads...
Ron Faris at Nike Is Running With Web3
4.12.2023
As many corporations shied away from blockchain-powered initiatives this year, the shoemaker has been quietly building a model for how brands can use a Web3 backend to win new audiences
This New RTFKT Virtual Sneakers by Nike Do Not Require Owning NFT, What’s Going On?
21.11.2023
Source: Nike Fashion behemoth Nike has pre-launched new RTFKT Dunk Genesis sneakers that do not require an expensive NFT to buy. The public presale of the new real-world kicks went live on Monday, letting anyone buy the sneakers without owning an RTFKT non-fungible token (NFT). The drop is...
RTFKT is hosting the Nike Dunk Ghost Edition forging event
20.11.2023
The forging event, co-hosted by RTFKT and Nike for Dunk Ghost Edition, is live. Participants can access the official platform of RTFKT to participate. The event allows them to leverage their digital collectibles for physical copies of their shoes, provided the collectibles are eligible....
Crypto for Advisors: Innovating Legacy Programs with Blockchain
9.11.2023
In this week's issue of Crypto for Advisors, learn how brands are leveraging blockchain to innovate loyalty programs
Nike-RTFKT NFT Collections Generate $1.4 Billion in Trading Volume
6.11.2023
Non-fungible token (NFT) collections by sportswear giant Nike and virtual sneakers and collectibles creator RTFKT have seen $170 million in earnings and a whopping $1.4 billion in trading volume. There are two notable factors to keep in mind. One, Nike and RTFKT have joined hands less than...
JD Sports Teams Up With ZERO10 To Offer Virtual Fitting Of Nike Collection In Stores
7.8.2023
AR try-on store, Zero10 has announced its recent partnership with JD Sports to animate the new Need It Now Collection, a new release by Nike in collaboration with JD Sports.
Zero10 will deploy its AR Mirrors to allow users to virtually try on each outfit with advanced features and design...
How Gaming, Loyalty and Entertainment Are Adapting to the Rise of NFTs and Web3
23.6.2023
The gaming, entertainment and loyalty industries are poised for big changes, thanks to Web3 tech such as NFTs and DAOs. We talk to the experts on how. Plus, Nike and Puma announced new digital partnerships that show Web3 is still kicking
Nike teases ‘Airphoria’ NFT sneaker on Fortnite: Nifty Newsletter, June 14–20
21.6.2023
A project called “Ethscriptions” is bringing Bitcoin Ordinals-inspired inscriptions to the Ethereum blockchain
.SWOOSH by Nike integrates with Fortnite and EA Sports
21.6.2023
Nike’s .SWOOSH is gaining traction in the industry. This is evident from the recent development announced by Polygon’s founder, Sandeep Nailwal. It sheds light on the development of that .SWOOSH by Nike is now being integrated with Fortnite and EA Sports. The integration makes .SWOOSH...