Market
What will be the outcome of RTFKT's transition by end of 2025?
2
Resolution / Starting Odds
Rebranded under Nike • 25%
Independent entity • 25%
Dissolved completely • 25%
Other • 25%
Official announcements from RTFKT or Nike, or coverage in major tech and fashion news outlets
Story
RTFKT to Wind Down Operations by January 2025 Amid CloneX NFT Value Plunge
Dec 2, 2024, 04:35 PM
RTFKT, a prominent digital fashion and NFT company, has announced it will wind down operations by January 2025. The company, acquired by Nike in 2021 for a rumored $100 million, had been a significant player in the NFT space, with an NFT collection on Ethereum, and was known for its innovative projects. The announcement has surprised its community, with the value of its CloneX NFT collection reportedly dropping by 70% following the news. While the company stated it is transitioning into what it was 'always meant to be—an artifact of cultural revolution,' questions remain about the future of Nike's involvement in digital fashion, including its .SWOOSH platform.
View original story
Similar markets
Sold to a new owner • 25%
Retained by Nike • 25%
Dissolved • 25%
Transferred to a new entity • 25%
No acquisition • 25%
Individual offering $10 million • 25%
Individual offering $200,000 • 25%
Another private buyer • 25%
Strategic Pivot by Nike • 25%
Financial Mismanagement • 25%
Market Saturation • 25%
Other • 25%
Nike • 25%
Adidas • 25%
Puma • 25%
Other • 25%
Decreased Mergers • 25%
Increased Mergers • 25%
No Change • 25%
Policy Reversal • 25%
Reduced Sentence • 25%
Sentence Upheld • 25%
Pardon • 25%
Other Outcome • 25%
Remains as current structure • 25%
Successfully restructures into a PBC • 25%
Adopts a different structure • 25%
Decision postponed beyond 2025 • 25%