rug pull

Nike's NFT 'Rug Pull' Exposes Crypto's Wild West: Here's How to Tame It

Nike's NFT 'Rug Pull' Exposes Crypto's Wild West: Here's How to Tame It

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 NFT Lawsuit: A $8,000 Crash and 'Rug Pull' Allegations

Nike NFT Lawsuit: A $8,000 Crash and 'Rug Pull' Allegations

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...

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