NIKE BEING SUED!!!!!!! ADIDAS WILL REIGN SUPREME

What is nike gotta do with Crypto?
Well, let's start here
https://about.nike.com/en/newsroom/releases/nike-acquires-rtfkt
In December 2021, Nike has acquired RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming.

Blah blah blah

It all started around Dec 2024

All hell went to shit
CryptoKicks: From $8,000 → $16 (a 99.8% loss)
The entire RTFKT ecosystem: Effectively worthless
All those promised quests and rewards: obliterated

now they are getting sued
https://www.msn.com/en-us/money/com...risk-of-jumping-on-passing-trends/ar-AA1DQkD9https://www.livebitcoinnews.com/nike-sued-for-over-5-million-after-nft-collapse/https://www.msn.com/en-us/money/oth...-platform-rtfkt/ar-AA1DRm6P?ocid=BingNewsSerp
Honestly, I saw it coming
NFT in 2021 was THE thing.
surprised they even stayed afloat until 2024.
Can't believe DC Uni still has theirs going but then again
they do provide a very REAL product lol

Nike and Adidas are different?

Just checked. My shoes are Adidas.

Speaking of which, need to wash them too.

But nice. Nike paid that logo designer a pittance I believe.

Deleted member 1603965 said:

But nice. Nike paid that logo designer a pittance I believe.

Click to expand...

hmm?
that's how business works lol?

xReminisce said:

that's how business works lol?

Click to expand...

This will get political (capitalism vs communism) so won't be able debate given forum rules. You win again Remi. As always.

xReminisce said:

NFT in 2021 was THE thing

Click to expand...

Yes, people were going crazy that time.

Topic: It's bound to happen. I am not surprised!

Billonaire companies suing billionaire companies and the result is your kicks are going to cost more.

BassTrackerBoats said:

Billonaire companies suing billionaire companies and the result is your kicks are going to cost more.

Click to expand...

Yes
MAYBE my $5 used kicks can be sold for $500 in facebook market

ZinyProxy said:

Yes, people were going crazy that time.

Topic: It's bound to happen. I am not surprised!

Click to expand...

yeah

Nike's involvement with crypto and the metaverse has been a significant and evolving journey, especially after the acquisition of RTFKT in December 2021.