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 ...

More than 19,800 CloneX digital avatars developed by non-fungible token firm RTFKT Studios have reappeared after Cloudflare blacked out the NFTs for apparently ...

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. “Today, we’re announcing ...

In December, RTFKT, pronounced “Artifact,” said it would cease operations the next month. Nike had purchased the company in 2021 as part of its move into the immersive digital reality known as ...

Nike tried to capitalize on NFT hype in 2021 by buying a “digital shoe” company before shutting it down last year. Nike tried to capitalize on NFT hype in 2021 by buying a “digital ...

In a proposed class action filed in Brooklyn, New York federal court, purchasers led by Australian resident Jagdeep Cheema said the sudden closure in December of Nike's RTFKT unit caused demand ...

NEW YORK, April 28, 2025 /PRNewswire/ -- A class action RTFKT lawsuit has been filed against Nike, Inc. and its RTFKT Studios subsidiary. The complaint alleges deceptive marketing and other ...

What is this about: On December 2, 2024, RTFKT announced on the platform X, its plan to wind down RTFKT operations, injuring investors holding NFTs promoted by Nike. Why Rosen Law: We encourage ...