Nike sued for $5 million over RTFKT NFTs: check key details

Plaintiffs accuse Nike of promoting unregistered securities. NFTs linked to RTFKT fell from $8,000 to $16 after closure. Lawsuit highlights legal uncertainty around NFTs as securities. Nike is facing a $5 million class-action lawsuit that claims the company misled investors by promoting non-fungible tokens (NFTs) tied to its RTFKT platform before abruptly shutting it down source: https://coinjournal.net/news/nike-sued-for-5-million-over-rtfkt-nfts-check-key-details/