Nike Inc. sold its digital products unit RTFKT last month, around one year after publicising plans to close the business, as per the industry reports. The sale went live on December 16; however, the identity and financial terms of the buyer were not revealed. Nike had the acquisition of RTFKT
A group of NFT holders has filed a class-action lawsuit against Nike, accusing the company of conducting a “rug pull” with its RTFKT. The lawsuit, filed in the U.S. District Court for the Eastern District of New York, seeks $5 million in damages. Led by RTFKT holder Jagdeep Cheema, the
Polygon, the world’s largest blockchain ecosystem, has published a proposal to upgrade the Polygon PoS to a zkEVM validium. It is the first decentralized L2 secured by zero-knowledge (ZK) proofs. Moreover, it will enable the Polygon PoS to become more secure, performant, and a core part of the Polygon 2.0
Significantly, one of the most recognizable names in sports and fashion, Nike, has jumped onto the blockchain bandwagon. Taking its brand identity to the next level, the company has unveiled .SWOOSH. It is a pioneering endeavor powered by the versatile layer-2 Ethereum scaling solution, Polygon. THIS IS HUGEE!!! Nike's @dotSWOOSH,
Nike, the renowned footwear and apparel giant, recently announced an exciting collaboration that hints at a groundbreaking partnership with Epic Games, the creators of the wildly popular online game, Fortnite. In a short promotional video released on June 16, Nike showcased its Air Max logo alongside Fortnite‘s iconic logo. It
A significant development in the crypto-gaming landscape is the upcoming integration of Nike’s NFT platform, .Swoosh, with EA Sports games. This integration has the potential to introduce virtual Nike footwear and apparel into the gaming experience. Ron Faris, general manager of Nike Virtual Studios, stated: This partnership will allow us
Despite delays and technical challenges that impeded the user experience, Nike has sold over $1 million of its first non-fungible token (NFT) sneaker collection through the .SWOOSH Web3 platform. Nike’s much-anticipated virtual creations didn’t go on sale until May 15, over a week after their initial May 8 launch date.
Nike, the footwear giant, is releasing its first NFT drop on the .Swoosh Web3 community platform debuted a few months ago. Our Force 1 (OF1) is a capsule collection of Polygon virtual sneakers NFTs paying homage to the Nike Air Force 1 from 41 years ago. The drop will include
Nike, the world’s largest athletic apparel company hopes to intensify it with the introduction of a new platform .SWOOSH. The platform is positioned as the focal point of Nike’s Web3-related digital initiatives. It is intended to draw attention to the company’s NFTs and virtual apparel initiatives, as well as upcoming
New projections show Nike’s (NYSE: NKE) total earnings from the sale of its non-fungible tokens (NFTs) at an astounding $185 million. Non-fungible tokens have emerged as a promising new income stream for consumer-focused firms and organizations. Some of the most well-known companies have recently entered the NFT industry, citing the
