Nike Exits NFT Market – Shuts Down Its NFT Studio RTFKT

NFTs hit $562M in monthly sales, Nike shuts down RTFKT: Nifty Newsletter
In this week’s newsletter, read about how non-fungible tokens (NFTs) recorded $562 million in monthly sales volumes and how popular NFT project RTFKT, acquired by Nike in 2021, is winding down its operations.
Nike Exits The NFT Market – Shuts Down Its NFT Studio RTFKT
Nike, an American athletic footwear and apparel company renowned for its sneaker, has announced plans to exit the NFT market in January 2025.
Nike-owned NFT pioneer RTFKT to shut down operations by January
The virtual sneaker and fashion brand RTFKT will wind down its operations by January 2025 as Nike restructures under new CEO Elliott Hill. However, despite the closure, the brand’s Ethereum tokens will remain accessible to the public. On Monday, Nike’s digital fashion brand, RTFKT, disclosed that it will cease operations by the end of January 2025.
Nike’s RTFKT ceases web3 operations
RTFKT — a digital fashion and web3 studio owned by Nike — announced that it will cease its operations while showcasing past work.
Nike’s NFT and Web3 Company RTFKT to Shut Down Amid Declining Market Interest
RTFKT, acquired by Nike in 2021, announces shutdown amid NFT decline, reflecting shifting priorities and challenges in the market.
Nike Shuts Metaverse Fashion Company Rtfkt: Last Collection in January 2025
Nike x RTFKT Cryptokicks Nike is shutting down Rtfkt, its metaverse fashion company known for digital sneakers and NFTs. In January
Nike to Shut Down Virtual Sneaker Label RTFKT Under New CEO
Nike Inc. is shutting down its digital sneaker division RTFKT as the world’s largest athletic-wear company realigns priorities under a new chief executive officer.
Nike will shut down RTFKT, a subsidiary that made virtual sneakers for the metaverse
A company that Nike purchased in 2021 as part of its move into the metaverse announced on Monday that it’s ceasing operations. RTFKT, pronounced “Artifact,” announced on X that it will “wind down” by the end of January.
Nike-Owned RTFKT to Shut Down Operations
The platform shared in a post on X that it will wind down its web3 operations by January of 2025, with plans to launch a new website to preserve its past projects. RTFKT also said it will launch one more drop this month: the MNLTH X featuring the Blade Drop,
Why sneakerheads think Nike-owned NFT studio RTFKT shut down
Nike purchased the NFT company RTFKT in 2021. RTFKT, the digital assets and NFT company Nike purchased in 2021, is shutting down. One sneakerhead said he’s surprised the partnership lasted as long as it did,
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Nike Is Killing Its Ethereum NFT Sneaker and Avatar Company RTFKT
Three years after being acquired by Nike and launching both digital and physical sneakers featuring the iconic swoosh, RTFKT ...
Nike Shuts Down Virtual Sneaker Brand RTFKT
Nike is officially shutting down its virtual sneaker and fashion brand RTFKT. According to CEO Elliot Hill, Nike is ...
Crypto fashion brand RTFKT announces closure three years after being bought by Nike
In December 2021, Nike announced its arrival in the Web3 space with the purchase of crypto fashion brand RTFKT. Three years ...
voguebusiness1d
Rtfkt — an early Web3 fashion success story — is folding
The Nike-owned startup became an example of how to build fandom around digital fashion. Now, it might be the canary in the ...