Tag: nike

Nike Faces $5 Million Lawsuit Over NFT Platform Closure

Nike Faces $5 Million Lawsuit Over NFT Platform Closure

Nike has been slapped with a $5 million lawsuit. A class action of buyers says they were deceived while buying the firm’s non-fungible tokens (NFTs). According to the lawsuit, Nike’s decision to end support for its RTFKT platform has been disastrous to its NFT strategy. Consequently, their digital assets have...

NFT Exodus: Why Nike & Starbucks Bailed, But Crypto Stays Strong

NFT Exodus: Why Nike & Starbucks Bailed, But Crypto Stays Strong

One of the most interesting developments in the NFT space has been a major divergence. Even mainstream brands such as Nike and Starbucks previously expressed enthusiasm for digital collectibles. In reality, they have in the past month or so reversed course or outright shut down their NFT programs. At the...

Further Reading

Aztec's Privacy Rollup: Testnet Launch Signals New Era for Crypto

Aztec, a layer-2 rollup with an unusual and promising approach sharply oriented towards privacy, has just released its testnet. This event is a big step toward a future where decentralized applications (dApps) on Ethereum can provide rich, programmable privacy. The launch represents the culmination of over eight years of dedicated...

Solaxy (SOLX): Solana's Layer-2 Solution Set to Explode?

Solana’s remarkable growth and presence in the blockchain arena is impressive, but by no means comes without its controversies. Scalability issues and a lack of network congestion at times have been major sore spots for users and developers as well. Enter Solaxy (SOLX), a new Layer-2 solution built to bridge...

Bitcoin: America's New Safe Haven? Survey Says YES!

Recent survey data paints a compelling picture: Americans are increasingly viewing Bitcoin not just as a speculative asset, but as a safe haven in times of economic uncertainty. This change in mindset is huge. Let us examine further, particularly in the context of the current state of the economy and...

Americans Flock to Bitcoin Amid Tariff Concerns, Survey Reveals

According to a recent Morning Consult and CoinDesk survey, an increasing number of Americans view Bitcoin as a safe haven asset. They’re looking for relief from the economic storm clouds whipped up by former President Trump’s trade policies and tariff declaration. The survey shows a big shift in investment priorities....

Base Hits Stage 1: What It Means for Coinbase & Ethereum

Base Network, a Layer 2 (L2) scaling solution incubated by Coinbase, has just announced the completion of Stage 1 decentralization. This milestone dovetails nicely with the implementation of Vitalik Buterin’s rollup decentralization model. This achievement is a huge step towards minimizing dependence on intermediary third parties. In doing so, it...

Colle AI Enhances Cross-Chain NFT Capabilities with Expanded XRP Support

Based in Dubai, Colle AI, a Dubai-based AI-driven multichain NFT platform, is achieving groundbreaking milestones! They extended their XRP cryptocurrency solutions to accelerate cross-chain NFT creation and facilitate real-time asset management. The upgrade greatly simplifies NFT workflows, empowering creators and users alike to mint, transfer and manage their digital assets...

Colle AI Supercharges XRP NFTs: AI-Powered Multichain Future!

The NFT space grows quickly and innovatively, and keeping your head above water requires never backing away from what’s next. Colle AI is increasing its support for XRP. This strategic step sets the stage for an AI-powered multichain future for digital assets. This would be a big step in the...

Unto Labs' $14.4M Bet: Will ThruVM Unlock Mass Adoption?

The blockchain universe is rapidly evolving, with novel solutions being developed to address challenges that have already been presented. Unto Labs, a California-based startup, recently raised $14.4 million in funding to create ThruVM – a virtual machine based on the RISC-V architecture. This begs the question: can ThruVM bridge the...