Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A collective of upset NFT purchasers has brought a lawsuit against Nike after the company shut down ...

Nike Faces NFT Lawsuit from Disappointed Buyers – Coincu

Key Points: Nike sued over RTFKT NFT shutdown, disappointing buyers. Sued for violations, claim exceeds $5 million. Questions arise about NFTs as securities in courts. Nike Faces NFT Lawsuit from Disa...

Nike Faces $5 Million Lawsuit from NFT Holders Over Sudden Closure of RTFKT Division

Nike is currently entangled in a collective legal battle stemming from its recent decision to terminate operations within the NFT market. As reported on April 27, 2024, by COINOTAG News, the lawsuit w...

Nike Slammed with Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown

Nike is facing a new lawsuit from NFT buyers who claim they lost money after the company abruptly shut down its digital asset division. A group of buyers, led by Australian resident Jagdee Cheema, fil...

NFT sales drop to $89.4m, CryptoPunks sales jump 106%

Despite the broader crypto market’s upward movement, the NFT market is struggling, with sales volume dropping by 6.15% to $89.4 million. At press time, Bitcoin (BTC) is above the $94,000 level. Ethere...

CloneX NFT Artwork Missing; RTFKT Moves Art to Arweave

A message “This content has been restricted.” is popping up on OpenSea and Blur Technical lead at RTFKT, Samuel Cardillo, reported that CloneX is being moved to ArWeave for decentralized storage NFTs ...

NFT Transactions to Become Human-Readable After Noves-Mint Partnership

NFT News:- NFT market has seen significant downturn in Q1 2025. The total sales volume has dropped by 63% to approximately $1.5 billion. As the NFT sales volumes keep sliding, a new partnership in the...

Nike sued over abrupt shutdown of RTFKT NFT unit

Nike is facing a lawsuit from a group of buyers of NFTs who said they lost hundreds of thousands of dollars when the sportswear giant closed its digital collectibles arm, RTFKT. The lawsuit was filed ...

Noves To Provide Human-Readable NFT Transfers In Partnership With Mint Blockchain

Noves, a popular blockchain data layer, has announced a new collaboration with Mint Blockchain, an Ethereum L2 network. The partnership aims to unveil robust human-readable NFT transfers to enhance fi...

OpenSea regains NFT market lead as rivals fall behind in user activity

Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined. Data tracker NFTScan shows that Op...

PENGU price spikes as Pudgy Penguins NFT sales jump

The Pudgy Penguins token has bounced back this week, soaring to its highest level since February as its NFT sales have jumped. Pudgy Penguins (PENGU) price soared to a high of $0.010, up over 167% fro...

OpenSea Dominates NFT Market Again: Secures 40%+ Share Amidst Slump

Hey everyone! Let’s talk about the wild and ever-evolving world of digital collectibles. If you’ve been following the space, you know the NFT market has seen its ups and downs. But amidst the volatili...

OpenSea Reclaims NFT Crown Despite Market Slowdown

OpenSea also attracted almost 70% of active NFT wallets, according to NFTScan. This resurgence happened after the launch of OpenSea’s revamped OS2 platform, hints at a native SEA token, and the ...

SUI surges 26% as Pokémon-related blockchain sparks NFT frenzy

Policy mentions Parasol, owned by Sui’s Mysten Labs. SUI token up over 26%, breaks $3.58 resistance. Market cap now $11.66 billion, driven by whale buying. The Pokémon franchise may be edging closer t...

Why RTFKT and Nike’s Ethereum NFT Artwork Disappeared

In brief The artwork from Nike-owned RTFKT NFT collections wasn’t showing earlier Thursday. The issue allegedly arose as a result of an error by cloud service provider Cloudflare, as the artwork...

Elliot Wainman’s Story From YouTube Talks to NFT Builder

Elliot Wainman built a strong crypto community through YouTube, focusing on altcoins, DeFi, and accessible NFT education. SuperFarm and SuperVerse reflect Elliot Wainman’s vision of functional NFTs wi...

Cloudflare removes RTFKT CloneX NFT art due to Terms of Service violation

This is a segment from The Drop newsletter. To read full editions, subscribe. RTFKT, Nike’s abandoned digital brand pronounced “artifact,” lost its CloneX art overnight. The art for all 19,500 Ethereu...

Nike’s RTFKT NFT collection is losing its images

NFTs from the startup RTFKT, which was bought and later shuttered by Nike, are no longer displaying the images attached to them after a Cloudflare restriction.  Right-clicking and hitting save won’t h...

Trump’s Meme Coin Gala Dinner and NFT Promotion Rumors

A recent announcement for the Private Dinner event for the top 220 holders of the TRUMP meme coin stated that if former President Trump does not attend, attendees may receive a limited NFT. This has s...

Reservoir, infra provider for Coinbase and MetaMask, shuts down NFT services

Blockchain infrastructure provider Reservoir is sunsetting its NFT services just two months after raising $14 million to expand its tools to new marketplaces. Reservoir, a crypto infrastructure startu...

NFT Volume Rankings See Surprising Climbers

The NFT market experiences swift development while newer NFT projects introduce competitive challenges to established collection rankings. Phoenix Group published a weekly sales volume report, which d...

Yuga Labs Demands $400K in Influencer’s Crypto Wallets Over NFT Lawsuit

In brief Yuga Labs seeks turnover of nearly $400K in Bitcoin, Ethereum, and PEPE from crypto influencer Jeremy Cahen. The court previously ruled that Cahen and artist Ryder Ripps infringed on Yuga Lab...

YouTube Stars Nelk Boys Push Back Against NFT Lawsuit

In brief Defense attorneys for YouTubers Kyle Forgeard and John Shahidi have moved to dismiss a fraud lawsuit related to their Metacard NFT project, citing a lack of specific false claims. The lawsuit...

Urgent Warning: Metaplex Faces Legal Threat Over Unclaimed SOL – NFT Holders at Risk?

Urgent Warning: Metaplex Faces Legal Threat Over Unclaimed SOL – NFT Holders at Risk? – BitcoinWorld Skip to content Home News Crypto News Urgent Warning: Metaplex Faces Legal Threat Over Unclai...

Polygon NFT sales surpass Ethereum, driven by RWA-based Courtyard

The NFT landscape is undergoing a notable shift, with sales on Polygon outpacing Ethereum for the first time. According to data from CryptoSlam, NFT sales on Polygon (POL) reached $22.1 million in the...

NFT Market Sees Increased Activity As CryptoPunks Drive High-Value Sales

CryptoPunks dominate with $767K from just five high-value sales.   Courtyard leads in trade count with 10K+ low-value transactions.   Gaming NFTs maintain strong momentum across top collections. Tradi...

Solana NFT platform Metaplex faces legal warning over plan to seize unclaimed SOL

Metaplex, an NFT platform built on Solana, faces legal threats after it announced an attempt to sweep SOL tokens that have not been claimed into its DAO treasury. Burwick Law, a legal firm specializin...

Colle AI extends the integration of XRP for the expansion of the NFT world

With Colle AI, the multichain NFT platform powered by artificial intelligence, a significant expansion of its integrated functionalities with XRP is announced, bringing new possibilities for automatio...

ConstitutionDAO But for the Apocalypse: Solana NFT Project Aims to Buy Nuclear Bunker

Remember when ConstitutionDAO tried (and failed) to buy a copy of the U.S. Constitution? Well, now there’s a project aiming to do much the same with a nuclear bunker. The creators of doomsday-themed S...

Solana NFT platform Metaplex faces lawsuit over unclaimed SOL

Burwick Law, a New York-based firm, has raised legal concerns about Metaplex’s plan to transfer over 54,000 unclaimed SOL, worth roughly $7.3 million, into its DAO treasury.  In an open letter shared ...

Ethereum NFT Platform Zora Set to Launch ZORA Tokens on April 23

Market News Zora NFT platform will launch native ZORA tokens this week on April 23.  The token launch takes place on the Base network even though Zora works on the Ethereum blockchain.  Even though Et...

Nuclear Bunker in England Target of Solana NFT Project’s Crowdfunding Campaign

TLDR Solana NFT project “Meatbags” plans to sell 100,000 NFTs at $14 each to buy a Cold War nuclear bunker in Rutland, England NFT holders will join “Billionaire Bunker Club” DAO to vote on bunker’s f...