Nike is being hit with a class action lawsuit demanding over $5 million in damages after shutting down its Web3 NFT platform ...

The NFT market, that hot new thing that catapulted into an over $40 billion industry, has since tanked. The crypto winter has ...

In the Nike case, the plaintiffs’ allegations of an unregistered securities violation and deceptive practices might not have ...

The lawsuit seeks a class action brought on behalf of anyone who bought a pair of virtual sneakers or another digital ...

Plaintiffs allege Nike executed a “soft rug pull,” leaving RTFKT NFT holders with worthless assets after winding down ...

Nike has been hit with a class-action lawsuit accusing it of a rug pull over the shutdown of its NFT platform RTFKT earlier ...

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of ...

Ethereum NFT collectors noticed that images for multiple RTFKT collections were no longer showing—but a fix is in the works.

Nike, one of the world’s largest luxury fashion brands, has been served with a class action lawsuit for closing RTFKT NFT ...

Once a marketing gold rush, web3 bets by brands like Nike and DraftKings are now ending in courtroom battles—and collapsing ...

The disruption was not the result of a hack or a blockchain malfunction, but rather a mundane technical issue. The images for ...

Nike is being sued by a group of buyers over the sudden shutdown of its NFT unit, RTFKT, in December 2024. Plaintiffs claim ...