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The NFT craze took over the entire world around 2021. Of course, companies also took steps not to be left behind. Nike was one of them. The sportswear
The NFT craze took over the entire world around 2021. Of course, companies also took steps not to be left behind. Nike was one of them. The sportswear giant announced in December 2021 that it was acquiring RTFKT Studios, which produces NFT products.
RTFKT offers many different types of products, including shoes. Selling NFT-based clothing products It was a brand. However, new statements showed that the company had no longevity.
This decision was announced by RTFKT in a statement on social media. Company, The company will cease operations from 2025 he declared. He also thanked everyone for what they achieved during his operation.
The company was founded in 2020 and turned heads in the ensuing NFT craze. grow He had succeeded. This growth led to the takeover by Nike. However Now that NFTs and the metaverse are losing popularity The company entered a bad period. Ultimately he decided to close.
As a result, we have seen another negative effect where NFTs became popular in a short period of time and then disappeared. Nike was also among the companies that failed in this regard.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
