According to CoinMarketCap, Nike sold its RTFKT digital collectibles unit in December for undisclosed terms, confirming the company’s exit from the NFT space, source: CoinMarketCap. The move comes roughly one year after Nike effectively shut down RTFKT operations amid the broader NFT market downturn, source: CoinMarketCap. Traders can treat this as confirmation of a major brand’s withdrawal from NFTs when evaluating sector participation and headline risk in digital collectibles markets, source: CoinMarketCap.

According to @StockMKTNewz, Nike (NKE) has sold its NFT subsidiary RTFKT one year after shuttering the unit, as reported by Bloomberg (source: @StockMKTNewz; source: Bloomberg). The transaction concerns Nike’s Web3 and NFT operations via RTFKT, making the headline relevant for traders tracking NKE and NFT sector sentiment (source: @StockMKTNewz; source: Bloomberg).

According to the source, social media posts report the passing of RTFKT co-founder Benoit Pagotto; this report has not been independently verified here (source: public social media posts). RTFKT, acquired by Nike in December 2021, anchors several high-value NFT collections such as Clone X that are denominated in ETH, linking floor prices and liquidity to ETH/USD volatility and Ethereum marketplace conditions (source: Nike, Inc. press release, Dec 13, 2021; OpenSea collection listings). For trading relevance, monitor Clone X and other RTFKT-linked NFT volumes, floor price moves, and bid-ask spreads on Ethereum alongside ETH price action, as leadership-related news can influence near-term sentiment and liquidity in related NFTs (source: OpenSea marketplace data conventions; Ethereum market structure).

According to @ysiu, condolences were extended to the RTFKT team and to Benoit Pagotto’s close family and friends, describing him as a pioneer who advanced art and creativity on the blockchain; source: https://twitter.com/ysiu/status/1977541727029170629 The post also directs readers to an RTFKTNews update, indicating official community acknowledgement of the loss; source: https://x.com/RTFKTNews/status/1977446161620578416 No specific tokens, NFT collections, or market data were mentioned in the post, so traders should verify official communications via the cited links before making any position changes; source: https://twitter.com/ysiu/status/1977541727029170629 and https://x.com/RTFKTNews/status/1977446161620578416