RTFKT
5,606 views
9 Discussing
Hot
Latest
šØ#NIKE SUED OVER NFT BUSINESS SHUTDOWN
š¹Lawsuit: Purchasers of Nike's NFTs sue after abrupt closure of its crypto unit #RTFKT .
š¹Allegations: Claims of buying unregistered securities and "rug pull" losses.
š¹Damages: Plaintiffs seek $5M+ under consumer protection laws in New York, California, Florida, and Oregon.
š¹Nike acquired RTFKT in Dec 2021, announced its winddown in Dec 2024.
Source: Reuters$ETH
š¹Lawsuit: Purchasers of Nike's NFTs sue after abrupt closure of its crypto unit #RTFKT .
š¹Allegations: Claims of buying unregistered securities and "rug pull" losses.
š¹Damages: Plaintiffs seek $5M+ under consumer protection laws in New York, California, Florida, and Oregon.
š¹Nike acquired RTFKT in Dec 2021, announced its winddown in Dec 2024.
Source: Reuters$ETH
According to Odaily, Nike's #RTFKT is in the process of migrating its #NFT series, CloneX and Animus, to ArWeave. This transition is expected to be completed within a few hours. Since December of last year, RTFKT has been discussing changes to its infrastructure, with plans to decentralize in the future.
Samuel Cardillo, RTFKT's Chief Technology Officer, noted that the CloneX NFT series recently faced issues on platforms like OpenSea and Blur, where art images were not displaying correctly. Users encountered messages stating, 'This content has been restricted; using Cloudflare's basic services in this manner violates the terms of service.' The problem arose because the project's Cloudflare Pro plan was set to end on April 30, but Cloudflare unexpectedly switched to a free plan days before the contract expired, causing errors in streaming images and videos.
Samuel Cardillo, RTFKT's Chief Technology Officer, noted that the CloneX NFT series recently faced issues on platforms like OpenSea and Blur, where art images were not displaying correctly. Users encountered messages stating, 'This content has been restricted; using Cloudflare's basic services in this manner violates the terms of service.' The problem arose because the project's Cloudflare Pro plan was set to end on April 30, but Cloudflare unexpectedly switched to a free plan days before the contract expired, causing errors in streaming images and videos.
š ļø RTFKTās CTO just announced: CloneX and Animus are moving to ArWeave for decentralized storage.
š¼ļø Yesterday, both collections glitched on OpenSea and Blur ā showing this error:
āContent restricted; using Cloudflareās basic service this way violates terms.ā
š¬ Why? Cloudflare downgraded the project from Pro to Free before the plan expired, cutting off access.
š¦ The takeaway: NFT hosting can fail you.
Decentralization isnāt a flex ā itās a necessity.
#RTFKT #CloneX
$AR
$BLUR
š¼ļø Yesterday, both collections glitched on OpenSea and Blur ā showing this error:
āContent restricted; using Cloudflareās basic service this way violates terms.ā
š¬ Why? Cloudflare downgraded the project from Pro to Free before the plan expired, cutting off access.
š¦ The takeaway: NFT hosting can fail you.
Decentralization isnāt a flex ā itās a necessity.
#RTFKT #CloneX
$AR
$BLUR
š ļø RTFKTās CTO just shared that CloneX and Animus are migrating to ArWeave for decentralized storage.
š¼ļø Yesterday, both collections broke on OpenSea and Blur ā users saw:
āContent restricted; using Cloudflareās basic service this way violates terms.ā
š¬ Turns out Cloudflare downgraded the project from Pro to Free before contract expiry, breaking the stream.
š¦ Lesson: Even your NFTās hosting can rug you.
Going decentralized isnāt optional ā itās survival.
#RTFKT #CloneX
š¼ļø Yesterday, both collections broke on OpenSea and Blur ā users saw:
āContent restricted; using Cloudflareās basic service this way violates terms.ā
š¬ Turns out Cloudflare downgraded the project from Pro to Free before contract expiry, breaking the stream.
š¦ Lesson: Even your NFTās hosting can rug you.
Going decentralized isnāt optional ā itās survival.
#RTFKT #CloneX
See original
Five Iconic Brands Bringing Fashion NFTs to the World
The fashion industry is embracing a bold and exciting future, with NFTs at the forefront of this shift. Whether we are discussing strict collaborations between fashion houses or partnerships with mainstream Web3 projects, the fashion industry has undeniably been reshaping itself in the Web3 world for years.
Fashion brands are expanding their communities, providing loyal fashion enthusiasts with more exclusive opportunities to interact with their brands and launching products that are revitalized in the Web3 world.
Since 2021, NFT collections have made once-exclusive fashion items available for anyone to purchase anywhere, led by Nike's RTFKT, while fashion companies and Web3 creators continue to launch collaborative products that include redeemable NFTs - such as Crocs.
Fashion brands are expanding their communities, providing loyal fashion enthusiasts with more exclusive opportunities to interact with their brands and launching products that are revitalized in the Web3 world.
Since 2021, NFT collections have made once-exclusive fashion items available for anyone to purchase anywhere, led by Nike's RTFKT, while fashion companies and Web3 creators continue to launch collaborative products that include redeemable NFTs - such as Crocs.
See original
Will NFTs Return?
Non-fungible tokens (NFTs) have become one of the most talked-about trends in the world of cryptocurrencies and blockchain. However, after explosive growth a few years ago, their popularity has sharply declined, and many are wondering if they can gain traction again.
What is happening with NFTs right now?
Interest in NFTs has significantly decreased after the boom and record sales in 2021. This is related to several factors. First, many projects were overvalued, and their real value did not meet expectations. After the spike in interest, it became clear that most tokens lacked practical value and utility. This led to a decrease in interest from major investors and market saturation with similar projects. As a result ā user outflow and price drops. A vivid example is the Bored Ape Yacht Club (#bayc ), which faced a sharp decline in value and user activity.
What is happening with NFTs right now?
Interest in NFTs has significantly decreased after the boom and record sales in 2021. This is related to several factors. First, many projects were overvalued, and their real value did not meet expectations. After the spike in interest, it became clear that most tokens lacked practical value and utility. This led to a decrease in interest from major investors and market saturation with similar projects. As a result ā user outflow and price drops. A vivid example is the Bored Ape Yacht Club (#bayc ), which faced a sharp decline in value and user activity.
See original
This Week in Web3 and NFT (82)
Welcome to the OpenSea Digest, let's recap the biggest NFT and web3 news of the week.
Coinbase integrates cryptocurrency with Apple Pay
Leading cryptocurrency exchange Coinbase announced that it will now allow users to purchase cryptocurrencies via third-party applications using Apple Pay.
This new integration is part of Coinbase Onramp, following Coinbase's ongoing efforts to make it easier for mainstream users to access cryptocurrencies by providing app makers a way to allow customers to convert fiat currency to cryptocurrency with minimal hassle.
Coinbase integrates cryptocurrency with Apple Pay
Leading cryptocurrency exchange Coinbase announced that it will now allow users to purchase cryptocurrencies via third-party applications using Apple Pay.
This new integration is part of Coinbase Onramp, following Coinbase's ongoing efforts to make it easier for mainstream users to access cryptocurrencies by providing app makers a way to allow customers to convert fiat currency to cryptocurrency with minimal hassle.
Login to explore more contents