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...

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