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.