Once a marketing gold rush, web3 bets by brands like Nike and DraftKings are now ending in courtroom battles—and collapsing ...

Nike faces a $5 million class-action lawsuit over RTFKT NFTs, with investors alleging a rug pull as NFT market value falls 63 ...

The decision comes as the broader NFT market continues to deflate. Trading volumes have dropped nearly 90% since their peak, the team wrote in a post, and X2Y2 struggled to maintain the network ...

However, competition and the overall downturn in the NFT market led to a 90% drop in activity. “Marketplaces live or die by network effects,” said X2Y2’s founder, TP. “We fought to be #1 ...

The OpenSea NFT market again dominates the sector, leading 30-day trading volume with over 40% trading activity.

Nike is facing a lawsuit from NFT (non-fungible tokens) buyers who claim the company left them with worthless digital assets ...

On social media, some market observers have compared the memecoin downturn to previous digital token bubbles, particularly the NFT boom and bust cycle. Through a lengthy X thread published in ...

Nike faces a $5M lawsuit from investors alleging a "rug pull" after shutting down its RTFKT NFT platform, causing values to ...