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Nike sells RTFKT: Digital products subsidiary quietly offloaded in December
Nike sold its NFT studio RTFKT on Dec. 16, ending a year-long shutdown as CEO Elliott Hill refocuses on core sports and wholesale partnerships.
Summary by The Oregonian
7 Articles
7 Articles
End of the Web3 dream for Nike. The company has discreetly sold RTFKT, its subsidiary NFT. All details in this article. NFT article: Nike discreetly separates from RTFKT in the midst of legal turmoil appeared first on Cointribune.
Nike Quietly Sells Digital Collectibles Subsidiary RTFKT a Year After Shutting Down the Unit
Quick take: Nike did not disclose the buyer of the unit or the terms of the deal in the December 16 announcement. In April last year, the sportswear giant was sued by the buyers of its Nike-themed NFTs, who claimed the closure caused the losses. In August, the company agreed on a settlement against online reseller StockX for allegedly selling counterfeit shoes and unauthorized NFTs. Nike, the sportswear giant that briefly ventured into the worl…
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Total News Sources7
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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