They said they would never have bought the NFTs at the prices they did, or at all, had they known the tokens were unregistered securities, and that Nike would "cause the rug to be pulled out from under them."

They said they would never have bought the NFTs at the prices they did, or at all, had they known the tokens were unregistered securities, and that Nike would "cause the rug to be pulled out from under them."

https://www.reuters.com/sustainability/boards-policy-regulation/nike-sued-over-closure-crypto-business-2025-04-25/

Prev : NonFungible | NFT18. Analysing NFT market & Drawing vectors. Host /dataviz /hime-fm
https://linktr.ee/besanciahime

I think this is why we should, for the next cycle, create our own universe, our own codes, our own distribution channels, our own crowdfunding.

Except Ubisoft ans Disney, a lot of brands that jumped in the NFT wagon in 2021 left or winged down their NFT activities more or less quietly:
- D&G
- Coca
- EBay (with Known Origin)
- Lacoste
- Adidas
- Starbucks

Don't forget how much money + trust they extracted from the ecosystem 🧠

Agreed, we need creative ecosystems and universes for permissionless innovation too.