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Nike-Owned NFT Sneakers Pioneer RTFKT to Cease Operations
- RTFKT, the creators of NFT sneakers and avatars, is ceasing operations by January 2025.
- In December, RTFKT will release its last collection, the MNLTH X, before closing down.
- RTFKT was known for its pioneering role in integrating sneaker lifestyle, gaming, digital fashion, and Web3 technology.
- Market difficulties and declining NFT sales contributed to the decision to cease operations.
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