Wednesday, 02 Sep, 2026

Nike Faces Legal Storm: Investors File $5 Million Class-Action Lawsuit Over RTFKT Shutdown

In a significant legal challenge that highlights the growing friction between corporate metaverse ambitions and regulatory ambiguity, 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 federal court, marks a pivotal moment for digital asset litigation, as plaintiffs allege that […]