<ul><li>A group of upset NFT purchasers has filed a lawsuit against Nike following the closure of its digital collectibles division, RTFKT.</li><li>The lawsuit alleges that Nike's sudden shutdown resulted in the loss of hundreds of thousands of dollars' worth of digital asset value for the investors.</li><li>The plaintiffs claim that Nike breached consumer defense laws by selling unregistered NFTs and not providing notice before canceling the initiative.</li><li>Technical issues with the NFTs arose after the shutdown, including missing images and doubts about the long-term value of digital art attached to centralized services.</li></ul>

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

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