A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from ...

The crypto winter has led to several class-action lawsuits against big players such as Nike and Yuga Labs. NFTs used to be celebrated as the future of digital ownership. Since their introduction, ...

As 404 Media reports, tens of thousands of NFTs from a collection known as CloneX RTFKT — a collaboration between Nike's "digital sneakers" venture and Japanese visual artist Takashi Murakami ...

Nike would profit in its initial sale of tokens and would also get its cut any time one of its NFTs were bought or sold on the secondary market. Some of the NFTs could be redeemed for real-life ...

the “Nike Cryptokicks.” The launch featured 20,000 NFTs, some of which fetched up to six-figure sums. However, customers paid between $4,000 and $9,500 in cryptocurrency for most of the NFT ...

Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed ...

The suit claimed the NFTs were unregistered securities, as Nike sold them without registering with the Securities and Exchange Commission. It accused the company of using “its iconic brand and ...

investors who lack the technical and financial sophistication necessary to have evaluated the risks associated with their investment in The Nike NFTs and were denied the information that would ...

It further alleges Nike’s virtual sneakers, technically non-fungible tokens, or NFTs, were securities and should have been registered as such. “In short, Nike used its iconic brand and ...

New York, New York--(Newsfile Corp. - April 23, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential state and federal law claims on behalf of purchasers ...

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential state and federal law claims on behalf of purchasers of Nike-themed non-fungible tokens ("NFTs"), crypto ...