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On April 25, purchasers of Nike non-fungible tokens (NFTs) filed a class action complaint in the US District Court for the Eastern District of ...
As 404 Media reports, tens of thousands of NFTs from a collection known as CloneX RTFKT — a collaboration between Nike's "digital sneakers" venture and Japanese visual artist Takashi Murakami ...
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Nike's NFT controversy shows the risk of jumping on passing trendsand big brands wanted in (see our piece on what are NFTs? if you blinked and missed it all). Nike entered the fray when it bought the 'digital shoe company' RTFKT. But like many gambles during ...
the “Nike Cryptokicks.” The launch featured 20,000 NFTs, some of which fetched up to six-figure sums. However, customers paid between $4,000 and $9,500 in cryptocurrency for most of the NFT ...
Nike would profit in its initial sale of tokens and would also get its cut any time one of its NFTs were bought or sold on the secondary market. Some of the NFTs could be redeemed for real-life ...
investors who lack the technical and financial sophistication necessary to have evaluated the risks associated with their investment in The Nike NFTs and were denied the information that would ...
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential state and federal law claims on behalf of purchasers of Nike-themed non-fungible tokens (“NFTs ...
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