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

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

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

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

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

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

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

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

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

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

Nike faces a $5 million class-action lawsuit over RTFKT NFTs, with investors alleging a rug pull as NFT market value falls 63 ...

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