The plaintiffs did not expect a sudden closure of the project, nor did they invest in digital tokens if they knew they were unregistered security.
Nike has filed a collective lawsuit against the federal court of New York’s Eastern District, accused of a sharp end of the work of the NFT Project RTFKT, which specializes in creating virtual shoes, Verge reports.
The company has required compensation for over $ 5 million, accusing Nike of violating consumer rights protection laws in the states of New York, California, Florida and Oregon.
The plaintiffs claim that they do not expect a sudden closure of the project, and they will not invest in digital tokens if they know they are not registered security.
The RTFKT project was established in 2020 and quickly became popular thanks to virtual clothes and shoes for Metavselnaya. In December 2021, Nike captured RTFKT against the background of an NFT-paper. NFT buyers have promised even to order physical versions of virtual shoes. However, in December 2023, the company announced the completion of the project, which led to a wave of irritation among those with the tokens.
This test could be a decision for other large companies that tried to earn in the NFT during their popularity in 2021-2022.
At the time of publication, Nike did not officially comment on the situation.
We remind you, earlier it was reported that the form from Nike was criticized for sexuality.
More than 200 French media filed a meta
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.