Hosted on MSN1mon
Nike-owned NFT wearables RTFKT to sunset in January
Nike acquired the NFT company in December 2021 — at the peak ... but didn’t receive an immediate response. In June, the shoe company forecasted a drop in fiscal revenue for the coming year ...
Hosted on MSN1mon
Nike-owned NFT pioneer RTFKT to shut down operations by January
Since then, the two have released incredible designer shoes, becoming a cult favorite for sports players. Even towards the end of 2023, streetwear designer Jeff Staple imagined a future where ...
https//beincrypto.com1mon
Nike’s NFT and Web3 Company RTFKT to Shut Down Amid Declining Market Interest
RTFKT, acquired by Nike in 2021, will shut down Web3 operations by January 2025 due to the NFT market's sharp decline. Nike shifts focus under its new CEO, prioritizing physical products and key ...