Nike, one of the largest luxury fashion brands in the world and once an investor in the cryptographic market, was served with a collective appeal to abandon buyers of its non -corubilities on the theme of Nike and other cryptographic items. NFT and Crypto traders complained to have undergone massive losses after the RTFKT closure, its digital active ingredient and market incubation studio.
👟 Nike faces a trial of $ 5 million with investors saying that its brutal closure of the NFT company has caused heavy financial losses.#Nike #Nfts
– cryptonews.com (@cryptonews) April 28, 2025
The Nike fashion brand continued to close RTFKT
Friday, April 26, 2025, a group of tokens in crypto and non -Butins, led by Jagdeep Cheema, Australian resident, filed a collective appeal before the Federal Court of Brooklyn, New York, against Nike. In the loading sheet offered, these investors complained of having undergone massive losses when the sportswear and the fashion brand “Nike” suddenly farmer RTFKT, the company which created digital assets Clone X.
NFT investors on the theme of Nike began to be agitated last week after an animated debate broke out on X after users of crypto and non -drinkable tokens noticed a strange error on the collections of non -tumbled tokens. In the Clone X NFT collection, there is no visible art, with non -bubble chip holders left only broken links and NFT production. Nike defended the error, blaming Cloudflare to restrict access to the work of art for the Clonex NFT collection.
> To be clonex
> Make $ 81.3 million from NFT sales
> Get additional $ 37.8 million from the fees
> Ardrop sneaker coupons
> Be silent
> Stop
> Don’t pay for servers
> The bearers left with a broken link and a dream pic.twitter.com/rswxhrtwte– Pix🔎 (@pixonchain) April 24, 2025
Founded in 2020, RTFKT was an incubation studio of digital assets, recognized on the NFT market to take advantage of the engines in play, a world class design and an AR to create unique digital assets. RTFKT began to increase in popularity after the launch of the non -loot clone tokens collection. Clone X is an NFT collection with a limited edition of 20,000 NFT hosted on the Ethereum blockchain network.
The Clonex NFT collection continued to gain ground among the merchants, its floor price value increasing at recording heights. At the time, Clone X recorded a few sales of the jaw of its rarest NFT. At the top of the list was clone x # 4594, which sold for 450 ETH in 2022. Clone x # 13134 sold for 368 ETH. The rest of the most expensive 10 NFT NFT has exchanged more than $ 500,000 ETH.
As 2021 rolled and the craze of the NFT had reached fever, RTFKT became a big success that Nike acquired it before the end of the year. The NFT studio continued to settle in 2021, selling more than $ 3.1 million from its NFT sneakers. In addition to the famous Clonex NFT collection, RTFKT has since launched many NFT collections, including the Cryptokick NFT collection.
During his time in the web3 projectors, the RTFKT NFT studios have demonstrated an in -depth understanding of how to exploit the power of the media and take advantage of it in long -term success. Before leaving the NFT market, the NFT Studio RTFKT made more than $ 5 million in the sale of collections of non -tumbled tokens and other cryptographic assets. The emblematic fashion brand “Nike” closed its NFT Studio RTFKT on December 2, 2024.
– RTFKT (@Rtfkt) December 2, 2024
NFT traders want their funds to come back
In the “Cheema V Nike Inc, US District Court, Eastern District, New York, n ° 25-02305” affair, non-brutal tokens buyers on the theme of Nike and other cryptocurrency assets have requested unpertified damage of more than $ 5 million for alleged violations from New York, Florida, Florida and Oregon. However, these NFT traders deeply regretted trusting Nike.
In a short preseur with Reuters, they said they would never have bought the NFT at the prices they made, or not at all if they had known that the tokens had been not registered titles, and that Nike “would lead to the detour of the carpet under them”. In the meantime, Nike, based in Beaverton, Oregon, has not responded to requests for comments. Phillip Kim, lawyer for the complainants, also refused to comment.
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