Nike Quietly Dumps NFT Unit RTFKT as Converse Revenue Drops 30%

Nike completed the sale of RTFKT, its NFT subsidiary acquired during the 2021 crypto boom, as the company faces a $5 million class action lawsuit over abandoned digital collectibles and Converse's 30% quarterly revenue decline under new CEO Elliott Hill's strategic pivot.

The post Nike Quietly Dumps NFT Unit RTFKT as Converse Revenue Drops 30% appeared first on Cryptonews.