The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021.
RTFKT, the creators of non-fungible token (NFT) virtual sneakers acquired by Nike in 2021, has announced it will sunset operations in January 2025.
“To honor and preserve this pioneering legacy, we will be launching an updated website that showcases the groundbreaking work that defined the RTFKT journey,” it said in a Dec. 2 X post.
RTFKT said it will release one more collection featuring “BLADE DROP” before winding down as a “testament to our commitment to pushing boundaries and merging worlds,” adding:
