News

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 ...
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 ...
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 ...
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 ...
Thousand Of NFTs Disappeared After Company Behind Them Switched To A Cheaper Storage Service
By this point, it's pretty clear the NFTs that were positioned as The Next Big Thing a few years ago did not end up living up ...
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 ...
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 Under Fire For Placing Holocaust-Tinged Signs At The London Marathon
The London Marathon took place on Sunday and Tigst Assefa of Ethiopia set a record time for the women’s-only marathon, while ...
Nike faces $5 million lawsuit after Cloudflare outage temporarily wipes its NFT images
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 – ...