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Nike Exits NFT Market – Shuts Down Its NFT Studio RTFKT
NFTs hit $562M in monthly sales, Nike shuts down RTFKT: Nifty Newsletter
In this week’s newsletter, read about how non-fungible tokens (NFTs) recorded $562 million in monthly sales volumes and how popular NFT project RTFKT, acquired by Nike in 2021, is winding down its operations.
Why sneakerheads think Nike-owned NFT studio RTFKT shut down
Nike purchased the NFT company RTFKT in 2021. RTFKT, the digital assets and NFT company Nike purchased in 2021, is shutting down. One sneakerhead said he’s surprised the partnership lasted as long as it did,
Nike Exits The NFT Market – Shuts Down Its NFT Studio RTFKT
Nike, an American athletic footwear and apparel company renowned for its sneaker, has announced plans to exit the NFT market in January 2025.
Nike-owned NFT pioneer RTFKT to shut down operations by January
The virtual sneaker and fashion brand RTFKT will wind down its operations by January 2025 as Nike restructures under new CEO Elliott Hill. However, despite the closure, the brand’s Ethereum tokens will remain accessible to the public.
2d
Nike to Shut Down Virtual Sneaker Label RTFKT Under New CEO
Nike Inc. is shutting down its digital sneaker division RTFKT as the world’s largest athletic-wear company realigns ...
decrypt
2d
Nike Is Killing Its Ethereum NFT Sneaker and Avatar Company RTFKT
Three years after being acquired by Nike and launching both digital and physical sneakers featuring the iconic swoosh, RTFKT ...
2d
on MSN
Crypto fashion brand RTFKT announces closure three years after being bought by Nike
In December 2021, Nike announced its arrival in the Web3 space with the purchase of crypto fashion brand RTFKT. Three years ...
voguebusiness
2d
Rtfkt — an early Web3 fashion success story — is folding
The Nike-owned startup became an example of how to build fandom around digital fashion. Now, it might be the canary in the ...
2d
on MSN
Nike will shut down RTFKT, a subsidiary that made virtual sneakers for the metaverse
Nike's RTFKT, which makes virtual collectibles, including sneakers, on Monday announced it will cease operations by the end ...
1d
Nike Shuts Down Virtual Sneaker Brand RTFKT
Nike is officially shutting down its virtual sneaker and fashion brand RTFKT. According to CEO Elliot Hill, Nike is ...
cybernews
1d
Nike closes its NFT company, says it's a “new chapter”
Three years after sporting apparel giant Nike bought the NFT company RTFKT, it’s now closing it down. RTFKT ("artifact") ...
2d
Nike-owned NFT wearables RTFKT to sunset in January
Nike-owned NFT sneakers project RTFKT announced it will shut down in January 2025, just as the NFT industry posted a huge ...
Retail TouchPoints
1d
Nike to Shut Down Digital Fashion Brand RTFKT
RTFKT, the Web3 brand that Nike acquired in 2021, will wind down operations, transitioning into an archive showcasing designs ...
ReadWrite
1d
Nike’s RTFKT ceases web3 operations
RTFKT — a digital fashion and web3 studio owned by Nike — announced that it will cease its operations while showcasing past ...
Fashion United
1d
Nike Shuts Metaverse Fashion Company Rtfkt: Last Collection in January 2025
Nike x RTFKT Cryptokicks Nike is shutting down Rtfkt, its metaverse fashion company known for digital sneakers and NFTs. In ...
coinspeaker
1d
Chiliz CEO Expresses Possibility of Acquiring Nike NFT RTFKT, CHZ Surges 9%
The chief executive of Chiliz Alexandre Dreyfus has hinted at the possible bidding on the assets of Nike-owned NFT project ...
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