News

Creative Bloq on MSN1d
Nike's NFT controversy shows the risk of jumping on passing trends
Nike's closed the company, and now it's been sued. pic.twitter.com/ySShPa0I7rDecember 2, 2024 RTFKT made virtual sneakers and ...
Nike sued over shuttered sneaker NFT business
The lawsuit seeks a class action brought on behalf of anyone who bought a pair of virtual sneakers or another digital ...
Nike is facing a lawsuit from people who bought its NFTs
A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of ...
NFT Purchasers Sue Nike Over Alleged Crypto Scam
In the Nike case, the plaintiffs’ allegations of an unregistered securities violation and deceptive practices might not have ...
The NFT market fell apart. Brands are still paying the price
Once a marketing gold rush, web3 bets by brands like Nike and DraftKings are now ending in courtroom battles—and collapsing ...
Nike faces $5M lawsuit after CloneX NFTs go dark due to hosting error
The disruption was not the result of a hack or a blockchain malfunction, but rather a mundane technical issue. The images for the CloneX NFTs – ...
Creative Bloq on MSN1d
Nike's getting sued over its NFT trainer business
But like many gambles during the NFT boom, things didn't work out. Nike's closed the company, and now it's been sued. RTFKT ...
CoinJournal2d
Nike sued for $5 million over RTFKT NFTs: check key details
Nike faces a $5 million class-action lawsuit over RTFKT NFTs, with investors alleging a rug pull as NFT market value falls 63 ...
SGB Online1d
Nike, Inc. Sued Over NFT Investor Losses Incurred After Closure of RTFKT Unit
Former Nike CEO John Donahoe continues to build on his negative legacy at the athletic footwear and sportswear behemoth as ...
The Daily Hodl3d
Crypto Investors Sue Nike, Accuse Apparel Giant of Rug Pull After Abrupt Closure of Metaverse Business: Report
Sportswear giant Nike is reportedly facing a lawsuit following the closure of its non-fungible token (NFT) business.