Nike-Owned RTFKT Is Winding Down Its Web3 Services After NFT Market Fizzles Out
RTFKT, once a leader in digital fashion and NFTs, is shutting down its Web3 services by January 2025 due to the decline of the NFT market.
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Nike's NFT entity RTFKT announced plans to gradually shut down operations
03/12/2024 00:59
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Nike x RTFKT Unveils ‘Phygital’ Sneakers with NFT Integration at $222
Nike collaborates with digital art studio RTFKT to launch the Nike x RTFKT Dunk Genesis sneakers, priced at $222 each in Dunk Ghost and Dunk VOID editions. These futuristic sneakers come with integrated NFTs, accessible via an embedded NFC chip, allowing owners to bridge the gap between physical and digital assets by personalizing their sneakers through 3D files. The VOID and Ghost Editions are set to ship by July 31 and August 31, 2024, respectively, with an exclusive pre-order for NFT holders. Nike's history in NFT-integrated sneakers, along with RTFKT's clout in the digital art scene, underscores the significance of this collaboration in shaping the future of footwear and digital identity.
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What the central bank directly adjusts is the policy interest rate (such as the interest rate of MLF), which indirectly affects rather than directly determines the market interest rate (such as LPR). It should be avoided to say that the increase or decrease of LPR is "the central bank raises or lowers the benchmark lending rate".
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The new RTFKT acquisition confirms Nike's interest in becoming a prominent contributor to the Metaverse virtual world.
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