<ul><li>Nike is facing a class-action lawsuit in the Eastern District Court of New York over shutting down its digital asset unit, RTFKT, in December 2024.</li><li>Plaintiffs allege that Nike's RTFKT closure caused the collapse of NFT values and accuse the company of selling unregistered securities without proper disclosure.</li><li>The lawsuit seeks more than $5 million in damages from Nike.</li><li>Despite setbacks, the NFT gaming and digital expansion continues with companies like Futureverse acquiring Candy Digital and various gaming giants exploring NFT integration.</li></ul>

Nike Faces Lawsuit After Shutting Down Its NFT Division

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