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Nike offloads RTFKT months after investor lawsuit: Report
Footwear conglomerate Nike has quietly offloaded RTFKT, the digital collectibles studio it acquired at the height of the non-fungible token (NFT) boom, according to a report by The Oregonian. The transaction reportedly happened in December, though neither the buyer nor the financial terms have been disclosed. The quiet exit happened almost a year after Nike announced that it was shutting down its RTFKT subsidiary. Nike has not publicly confirmed the sale, saying only in a brief statement published by The Oregonian that the transaction marked a new chapter for RTFKT and its community. The company said that it ... (full story)
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