Nike officially divested from its RTFKT digital collectibles division in December, marking a complete exit from the NFT sector. This move came roughly a year after the sportswear giant had effectively halted operations amid the broader market downturn. The sale terms were not disclosed. The decision underscores the challenging landscape for digital collectibles as major corporations reassess their Web3 initiatives during market consolidation.
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Ser_Liquidated
· 23h ago
NFT has really become a hot potato for enterprises, with major companies fleeing the scene.
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OnChainArchaeologist
· 01-10 16:14
NFT this round is like losing in mahjong; the big players have stopped playing, and retail investors are still going all-in.
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CoffeeNFTs
· 01-10 04:25
Ah, another big company is leaving NFT. Nike's move is really... "market consolidation" sounds like a euphemism haha
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CrashHotline
· 01-09 10:42
NFTs are like this—big companies one after another running away, I've seen through it long ago.
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MemeCurator
· 01-08 00:51
NFTs are really dead this time, even Nike has bailed out. LOL
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BetterLuckyThanSmart
· 01-08 00:51
Nike has completely backed down. I’ve said all along that this thing is unmanageable.
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SignatureAnxiety
· 01-08 00:49
NFT this wave is really cooling down, big companies have all run away
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governance_lurker
· 01-08 00:31
Another big company is leaving NFT, it's really sad.
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AllInAlice
· 01-08 00:23
Nike is really gone. This completely shatters the dream of Web3 giants.
Nike officially divested from its RTFKT digital collectibles division in December, marking a complete exit from the NFT sector. This move came roughly a year after the sportswear giant had effectively halted operations amid the broader market downturn. The sale terms were not disclosed. The decision underscores the challenging landscape for digital collectibles as major corporations reassess their Web3 initiatives during market consolidation.