Tag: rug pull

Nike NFT Lawsuit: Did RTFKT's 'Rug Pull' Expose a $5M Mistake?

Nike NFT Lawsuit: Did RTFKT's 'Rug Pull' Expose a $5M Mistake?

• Facts

Nike, the sportswear behemoth, has now landed in hot water after being sued for launching its own NFTs through RTFKT. On April 25, Australian resident Jagdeep Cheema filed that class-action lawsuit in Brooklyn federal court. This lawsuit claims that through an ill-conceived RTFKT NFT campaign Nike deceived investors by promoting...

Nike NFT Lawsuit: A $5M "Rug Pull" or Just Business?

Nike NFT Lawsuit: A $5M "Rug Pull" or Just Business?

• Facts

The NFT space can be a bit of a wild west, a place where speculation meets innovation. Sometimes, that collision leads to legal battles. A trademark battle is quickly shaping up between Nike and StockX. Nike claims trademark infringement and unfair competition because StockX sells Nike-branded Vault NFTs, an NFT...

Further Reading

DeGods Founder Steps Down! What's Next for the NFT Project?

So DeGods NFT project is at a really interesting inflection point. DeGoogled now Immutable CEO Rohun Vora, better known by his pseudonym DeGods, has resigned as CEO after three years running the ship. Leadership is changing. Reinforcing that trend, DeGods NFT sales are blasting off, particularly on Ethereum. This shift...

DeGods' Frank Out! Can New Leadership Revive the NFT Project?

Frank DeGods, the face and CEO of the DeGods NFT project, has stepped down after three years at the helm. His departure presents a turning point for the highly criticized project. While DOT’s fate hangs in the balance, could this agency be revitalized by new leadership? This comes after a...

Solana's Hottest Tokens: HOTMOM, DOOD, IKUN - May 2025 Watchlist

No matter where you look, the Solana ecosystem is absolutely teeming with new crypto tokens, all clamoring for your newfound investment dollars. DeliciousNFT.com is here to cut through the noise and deliver a data-driven analysis of three trending tokens: HOTMOM, DOOD, and IKUN. We'll dissect their market dynamics, whale activity,...

DeGods Founder Steps Down: What's Next for the NFT Project?

Once atop the digital collectibles world, the DeGods NFT project – once considered the flagship of the booming art on the blockchain industry – has just experienced a major leadership change. Rohun Vora, the founder of DeGods, recently announced he’d stepped down as CEO after three years leading the successful...

SEC's Crypto Overhaul: Atkins Vows End to 'Regulation by Enforcement'

The Securities and Exchange Commission (SEC) has been under fire for its regulatory approach to the cryptocurrency space. Critics call its approach to enforcement “regulation by enforcement.” SEC Commissioner Hester Peirce, better known as “Crypto Mom,” has been calling for a more sensible and visionary regulatory approach. She is not...

Colle AI Turbocharges Solana NFTs: Faster Mints, Deeper Liquidity

Colle AI is revolutionizing the Solana NFT community! They provide creators and collectors access to a robust suite of optimized tools to save time and money while maximizing trading potential. With Colle AI, the minting process is accelerated and metadata is updated in real-time. This novel approach addresses some of...

NFTs: More Than Just JPEGs? Unlocking True Digital Value

Non-fungible tokens (NFTs) have been the craze of digital spaces lately, but are these really just overhyped JPEGs? DeliciousNFT.com would really like to be the NFT marketplace that gives our very own decentralized world its spicy, delicious flavor. We separate the hype from facts to find out what NFTs can...

NFTs Bounce Back: Doodles Skyrocket 500% - What's Fueling the Surge?

After a rocky start, the NFT market has picked up a bit lately, showing signs of life — especially for projects like Doodles that seem to be thriving right now. While the broader market faces challenges, Doodles has experienced a remarkable surge in sales, piquing the interest of investors and...