With new narratives forming around modular infrastructure, zero-knowledge proofs, and wallet-based access rails, the ...

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 ...

Just a few years ago, major companies from Nike to Coca-Cola were racing to launch Web3 ventures. Some are still ongoing; many have flamed out. And with the barrage of lawsuits now hitting NFT ...

Nike (NKE) is now battling a $5 million class-action lawsuit tied to its sudden shutdown of its NFT platform, RTFKT. Investors claim the sportswear giant pulled the rug out from under them—both ...

What just happened? On the morning of April 24, thousands of digital images tied to Nike's high-profile CloneX NFT collection disappeared from the internet, replaced by a stark message ...

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 with ...

Nike is facing a lawsuit from NFT (non-fungible tokens) buyers who claim the company left them with worthless digital assets after suddenly shutting down its RTFKT NFT division, the unit that made ...

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’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 ...

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 ...