This week, Nike was hit with a $5 million class action lawsuit after abruptly shutting down its RTFKT NFT platform. According to the lawsuit, Nike’s conduct led to millions of dollars in losses for investors in some NFTs. Jagdeep Cheema, the Australian plaintiff, claims that the platform’s shutdown led to...
Nike is being sued over what plaintiff calls a “textbook rug pull” with its Non-Fungible Tokens (NFTs). The lawsuit, titled Cheema v. Nike, Inc., alleges that the athletic apparel totem took advantage of the popularity of NFTs. It further claims that Nike misled investors as the market started to turn...
Nike is facing its own lawsuit at the moment. Plaintiffs are proposing more than $5 million in damages, alleging that the company broke consumer protection laws in multiple states. The court case plays out across four states — New York, Oregon, Florida and California. We wish the plaintiffs the best...
The suit occurs just months after Nike closed down its RTFKT NFT project in December 2024. In early April 2025, one of those lawsuits came crashing into Brooklyn, New York’s courtrooms. It alleges that due to Nike’s actions, the values of the RTFKT NFTs plummeted resulting in catastrophic financial harm...
Nike is facing a lawsuit from crypto investors who allege the apparel giant executed a "rug pull" following the abrupt closure of its metaverse project, RTFKT Studios, in December. The plaintiffs are asking for more than $5 million in damages. They point to consumer protection law violations in New York,...
Grass (GRASS) is disrupting the crypto world! It was this recent listing on Bithumb that created the initial excitement, but now everyone is talking about the prospect of a listing on Binance. The DePIN project prototype created by Wynd Network on Solana allows users to share their spare internet bandwidth...
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...
Noves and Mint Blockchain have been working together to make NFT transfers easier and more transparent. The partnership aims to make blockchain technology more accessible to a wider audience by integrating readable data layers and transaction simulations. This pilot project aims to substitute confusing code language with plain English messages,...
NFT sales have taken a significant nosedive, falling down to just $89.4 million. Underlining this general downturn, within that very same time frame, CryptoPunks themselves have experienced an incredible comeback, with skyrocketing sales increasing by 106%. This mixed bag of activity is testament to the volatile and fluid nature of...