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 digital assets accuse Nike of causing “the rug to be pulled out from ...

On April 25, purchasers of Nike non-fungible tokens (NFTs) filed a class action complaint in the US District Court for the Eastern District of ...

Nike’s dalliance with the world of non-fungible tokens (NFTs) has landed the Swoosh in court. One customer who bought Nike NFTs filed a complaint in federal court Friday alleging the sneaker ...

Nike’s NFT case spotlights the unresolved question of whether digital assets are securities under shifting SEC interpretations. Plaintiffs increasingly leverage state consumer protection laws to ...

An investor on Friday filed a lawsuit in federal court in New York over Nike‘s closure of a subsidiary that sold virtual sneakers. In December, RTFKT, pronounced “Artifact,” said it would ...

Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT ...

A proposal for a class action lawsuit is accusing Nike of engaging in a “rug pull” by shutting down operations for its RTFKT NFT platform. The suit was filed Friday in a Brooklyn federal court ...

This is because Nike recently shut down RTFKT, the virtual project which centered on their NFT ventures that began in 2021. This has been the case with many NFT operations and offers all around ...

if you blinked and missed it all). Nike entered the fray when it bought the 'digital shoe company' RTFKT. But like many gambles during the NFT boom, things didn't work out. Nike's closed the ...