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International Business Times
International Business Times

Nike Faces Lawsuit From NFT Customers Claiming 'Digital Shoes' Are 'Unregistered Securities'

Nike is now facing a lawsuit that was filed last week by a group of customers who previously bought non-fungible tokens (NFTs) from the company that were released four years ago. This is because Nike recently shut down RTFKT, the virtual project which centered on their NFT ventures that began in 2021.

This has been the case with many NFT operations and offers all around the globe as the industry that was once generating millions in its operations and sales has since fallen significantly in the market.

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