nft

The crypto community is currently abuzz with PENGU, the native token of the Pudgy Penguins NFT collection. Recently, PENGU saw an impressive increase in price, with many investors now looking to determine whether it is a good investment. Time to buy hodl (hold on for dear life) or fold (sell)....

The numbers don't lie. Nike’s initial foray into the NFT space sounded fairly good on paper when they claimed RTFKT. Today, it looks less like a slam dunk and more like an expensive fumble. That’s what we’re describing as a 99.8% value crash in their virtual sneakers NFTs. From roughly...

The promise of NFTs was intoxicating. A new era of digital ownership, community, and creative expression made possible through blockchain technology. We dreamt of a future where artists can engage with their fans one-on-one. In this alternative vision, digital collectibles have real value and the internet is more decentralized and...

Nike is defending itself in a high-profile lawsuit in New York. Now the shutdown of its RTFKT platform has resulted in massive rug pulls for holders of their Non-Fungible Tokens (NFTs). On April 25, this new lawsuit was filed in New York’s Eastern District court. It claims that consumer protection...

Nike, the global sportswear giant, finds itself embroiled in a legal battle over its foray into the world of Non-Fungible Tokens (NFTs). Specifically, on April 25—just days later—a class-action lawsuit was filed in a Brooklyn federal court. It claims Nike planned to execute a “rug pull” by turning off its...

The global cryptocurrency market is widely recognized for both its extreme volatility and the opportunity it provides to make a rapid profit. Currently, PENGU, a new Solana-based meme coin, is capturing the attention of thousands of investors. However, this newfound wave of interest is actually due in large part to...

Nike's recent lawsuit over its RTFKT NFT project isn't just about money. It's a glaring symptom of a much deeper problem: the Wild West mentality that has plagued the NFT space. It's a wake-up call reminding us that innovation without ethics is a dangerous game, particularly when real people's livelihoods...

Nike sued to the tune of $5 million in the Eastern District of New York. The complaints allege that the athletic apparel behemoth breached securities laws in its deployments of non-fungible tokens (NFTs) associated with RTFKT, the virtual sneaker firm it bought in 2021. That lawsuit alleges that Nike leveraged...

The world of NFTs, originally touted as a new and exciting space where anything could be created and owned digitally, is under ongoing legal fire. A recent lawsuit against Nike could help answer one of the key questions. It pushes back on the argument that some NFTs should be deemed...

So, Nike's in hot water. A $5 million lawsuit alleging a "soft rug pull" after allegedly abandoning RTFKT and leaving NFT holders with worthless digital sneakers. Sounds like a typical crypto beware story, doesn’t it? Wrong. This isn't just about Nike; it's a flashing neon sign screaming about the real...