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Nike Facing $5 Million Lawsuit After Shutting Down Its NFT Platform
A class action lawsuit in New York’s Eastern District was filed on Friday with plaintiffs, led by Jagdeep Cheema, seeking “unspecified damages of more than $5 million for alleged violations of New York, California, Florida and Oregon consumer protection laws.”
By this point, it's pretty clear the NFTs that were positioned as The Next Big Thing a few years ago did not end up living up ...
Creative Bloq on MSN11h
Nike's NFT controversy shows the risk of jumping on passing trendsNike's closed the company, and now it's been sued. pic.twitter.com/ySShPa0I7rDecember 2, 2024 RTFKT made virtual sneakers and ...
The disruption was not the result of a hack or a blockchain malfunction, but rather a mundane technical issue. The images for the CloneX NFTs – ...
In the Nike case, the plaintiffs’ allegations of an unregistered securities violation and deceptive practices might not have ...
Creative Bloq on MSN11h
Nike's getting sued over its NFT trainer businessBut like many gambles during the NFT boom, things didn't work out. Nike's closed the company, and now it's been sued. RTFKT ...
Former Nike CEO John Donahoe continues to build on his negative legacy at the athletic footwear and sportswear behemoth as ...
The lawsuit seeks a class action brought on behalf of anyone who bought a pair of virtual sneakers or another digital ...
Nike is now facing a lawsuit from its NFT customers after shutting down RTFKT, its virtual project featuring the tokens.
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