Tag: nike

Nike's NFT Shutdown: $5M Lawsuit & What It Means For You

Nike's NFT Shutdown: $5M Lawsuit & What It Means For You

Nike, the world’s leading supplier of athletic apparel and footwear is currently in a legal fight. This conflict further plunges us into the much hyped, but little understood world of NFTs. A class-action lawsuit has been filed against the company by disgruntled buyers of non-fungible tokens (NFTs) associated with its...

Nike's NFT Fiasco: Is This the End of Corporate Crypto?

Nike's NFT Fiasco: Is This the End of Corporate Crypto?

Nike, the behemoth of the sneaker and athletic wear world, is getting an extreme wake-up call. Their foray into the NFT world, once hailed as innovative, has devolved into a $5 million lawsuit, with disgruntled RTFKT NFT holders claiming foul play. This isn't just about digital sneakers; it's a symptom...

Analysts Forecast Significant Upside for Nike Stock

Analysts Forecast Significant Upside for Nike Stock

Nike (NKE) is $57.62, but the stock has a big upside projected by analysts. The consensus one-year average price target for Nike is $75.67, suggesting a potential increase of 31.32% from its current level. This forecast is a testament to analysts' faith in Nike’s ability to rebound and perform, even...

Nike's NFT Shutdown A Market Correction or Corporate Mismanagement?

Nike's NFT Shutdown A Market Correction or Corporate Mismanagement?

Nike's recent decision to pull the plug on its RTFKT NFT unit has sent ripples throughout the digital asset world, and it's not just about a sportswear giant trimming the fat. Forget the niche use cases— we’re discussing the massive, dangerous unintended consequences that would fundamentally change the NFT landscape...