One of the most important shoes of shoes in the world could be serious problems. Due to an awkward action of Nike With an unsuccessful token project (NFT), a large group of people claims to have undergone serious damage. For this reason, they decided to file a joint request against the American brand.
Big demand against Nike
Friday, we learned that a group of victims of several Nft With the Nike theme presented a request Against the shoe manufacturer. Nike started a project NFT last year, but decided suspend Last December. Investors remained with tokens that no one wanted, so their value collapsed in a short time.
The victims said they would never have bought the tokens if they had known that the company was going to leave the project suddenly. They also did not know that these were unregistered values, which are prohibited in the country.
Nike lawyer has not yet responded to the trial, in which the victims claim up to $ 5 million for damages. To do this, they are based on legislation offenses and the regulations of several American states.
Will Nike compensate millions of dollars?
In December 2021, Nike and RTFKT initiated their collaboration with the promise that their technology would forever keep artistic works.
Finally, the NFTs were created and sold. Although RTFKT’s success was enormous at the time, the business past had a dark side.
Due to the closure, investors can no longer do anything with the NFT project. The case will be treated in the coming months. The parties have not yet reached an agreement.
Although the $ 5 million in damages are not an unrivaled amount for Nike, the company will not easily give in to this request. The complainants seem to have solid arguments. On the other hand, the world of NFT is very little regulated, which hinders the application of current legislation. We still do not know what defense will present the lawyers of Nike.
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