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. source: https://cryptonews.com/news/nike-quietly-dumps-nft-unit-rtfkt-as-converse-revenue-drops-30/