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Nike Facing Legal Storm: Investors Sue Over RTFKT NFT Business Closure
Sportswear titan Nike, long hailed as a pioneer in the integration of digital fashion and the metaverse, finds itself entangled in a significant legal battle. Following the quiet shuttering of its non-fungible token (NFT) division, RTFKT Studios, in December 2024, the company is now facing a class-action lawsuit filed by disgruntled investors. The case highlights […]
Nike Faces Legal Firestorm: Investors Allege $5 Million ‘Rug Pull’ Following RTFKT Closure
In a landmark legal challenge that could redefine the regulatory landscape for digital collectibles, sportswear titan Nike Inc. is facing a class-action lawsuit following the shuttering of its non-fungible token (NFT) division, RTFKT Studios. The lawsuit, filed in the wake of the project’s dissolution in December 2024, marks a significant escalation in the ongoing debate […]
