• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

RTFKT Ends Operations by January 2025, Leaving a Significant Legacy

user avatar

by Giorgi Kostiuk

a year ago

RTFKT, known for its NFT virtual sneakers and acquired by Nike in 2021, announced it will cease operations in January 2025, leaving a significant legacy in the NFT realm.

History of RTFKT

Launched in 2020, RTFKT quickly gained popularity, raising over $8 million from investors, including Andreessen Horowitz. The company was acquired by Nike in December 2021 during the peak of the NFT boom.

Closure and Final Collection

RTFKT has announced its closure and plans to release its final 'BLADE DROP' collection. The company also intends to launch an updated website showcasing their pioneering projects. As per the company's statement, 'RTFKT isn’t ending. It’s becoming what it was always meant to be — an Artifact of cultural revolution.'

RTFKT isn’t ending. It’s becoming what it was always meant to be — an Artifact of cultural revolution.

Impact on NFT Market and Achievements

Since its launch, RTFKT has generated nearly $50 million in revenue, including over $45 million from royalties. Its most successful collections are MNLTH and CloneX Mintvial. NFT sales hit $562 million in November 2023, demonstrating strong market interest.

RTFKT's closure marks a significant event for the NFT industry, leaving behind a rich legacy and reflecting the evolution of the digital assets market in recent years.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

WLD Token Approaches Key Resistance Level in Trading

chest

The WLD token is currently trading near a critical resistance point at 0.40, which traders are watching closely.

user avatarLi Weicheng

Thirty Seconds to Mars Teams Up with World Network to Combat Ticket Bots

chest

Thirty Seconds to Mars announced a partnership with World Network to provide human-only ticket access for their upcoming concert, aiming to give verified fans exclusive perks and prevent automated buyers from snatching up tickets.

user avatarAisha Farooq

Crypto Sector Faces Major Losses in May Due to Code Vulnerabilities

chest

In May 2026, the crypto sector faced significant losses totaling 68 million due to exploits, with 66 million linked to code vulnerabilities, primarily in crosschain bridges.

user avatarElias Mukuru

Japan Pushes for Yen-Stablecoin Promotion in Asia

chest

Japan's ruling party lawmakers call for promoting yen-denominated stablecoins for settlement in Asia to enhance blockchain innovation.

user avatarMohamed Farouk

Japan's Ruling Party Proposes Legal Framework for Crypto ETFs

chest

Japan's Liberal Democratic Party (LDP) has proposed a legal framework for cryptocurrency exchange-traded funds (ETFs) to enhance the local digital assets sector.

user avatarBayarjavkhlan Ganbaatar

AI-Assisted Malware Threats Emerge in Crypto Development

chest

A new threat has emerged in the crypto space as AI-assisted malware begins to target developers.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.