End of the Web3 dream for Nike. The company quietly sold RTFKT, its NFT subsidiary. All the details in this article.
Web3 loses its visionary stylist! Pagotto, the pope of NFT sneakers, takes his bow. And meanwhile, Nike is re-lacing its strategies... failing to revive its promises.
Nike is in turmoil. Accused of abandoning its NFT investors after the abrupt closure of its RTFKT crypto division, the sports giant is facing a class action in the United States. More than 5 million dollars are being sought for misleading practices and the sale of unregistered securities.
Major luxury and sportswear brands are investing in NFTs. Explore how they are transforming the digital fashion landscape.