The metaverse sold us on a pair of digital sneakers and a world oozing with customized avatars. Nike, through its acquisition of RTFKT, leaped into the NFT pool with both feet. Now? They’re under the shadow of a class-action lawsuit, charged with foisting off unregistered securities on the investing public....
This Nike lawsuit… this one feels like a gut punch, huh? Not just to Nike, or even the NFT holders left with potentially worthless digital sneakers, but to the entire Web3 dream. We were sold on a new, democratized, decentralized future, a tech-driven new frontier of digital ownership. Rather, we’ll...
That’s the argument that Nike is currently facing in a lawsuit filed by scan & go startup Symbol New York. This follows the company’s closing of RTFKT, its subsidiary that peddled virtual sneakers as NFTs. The suit, brought by a single investor in the firm, seeks more than $5 million...
Colle AI (COLLE) is taking the NFT realm by storm. As an AI-driven multichain NFT platform, Colle AI is making waves by expanding its XRP cryptocurrency solutions to streamline cross-chain NFT creation and real-time asset management. AI unlocks a greater speed of transactions and reduction in fees. It’s a better,...
Nike’s NFT adventure, previously praised as a daring step into the metaverse, is now stuck in a legal quagmire. And frankly, it's about damn time. The class-action lawsuit alleging unregistered securities offerings through RTFKT NFTs isn't just about those specific digital shoes; it's a glaring spotlight on the regulatory vacuum...
With the NFT market’s spectacular bust now leaving big brands that happily jumped feet first into the technology nursing bruised egos and deeper financial wounds. Nike has quickly become one of the biggest names in NFT space. Now it’s fighting a class-action lawsuit after announcing plans to close RTFKT, one...
Nike faces a class-action lawsuit of its own in federal court in Brooklyn. The company is accused of carrying out a “rugpull” when it suddenly terminated the RTFKT platform. Investors are sounding the alarm on “substantial harm.” They are seeking $5 million in damages for the harm they suffered when...
Nike is still in the middle of a $5 million class action lawsuit. This comes on the heels of their decision to close the NFT subsidiary, RTFKT, at the end of December 2024. Australian Jagdeep Cheema is at the head of the class action. He alleges that the shutdown caused...
Now the worlds of gaming and finance are clashing. This collision is producing extraordinary new opportunities, particularly for younger investors. GameFi, the intersection of gaming and decentralized finance (DeFi), has quickly become a dominant force in revolutionizing the financial space. Details on Ov Finance’s specific initiatives are limited, but the...
Ov Finance recently released a groundbreaking initiative you should know about! They’re fusing GameFi and NFTs to build an engaging, asset-backed journey that unlocks the skills of the next generation of investors. The joint initiative seeks to harness the power of tokenized gaming assets combined with a robust, blockchain-based infrastructure...
