Nike Slapped With $5M Lawsuit as Investors Claim RTFKT NFT Project Was ’Digital Ghosting’

When Nike bought RTFKT in 2021, crypto enthusiasts cheered. Now? They’re lawyering up.

The sportswear giant faces a $5 million class-action lawsuit alleging it abandoned the NFT project after cashing in on the hype—leaving bagholders with overpriced jpegs and empty promises.

Funny how ’web3 partnerships’ work when traditional finance meets crypto: corporations take the upside, retail takes the rug pull.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.