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SBI Ripple Asia Expands XRP Ledger Use for Tokenized Tourism and Commerce Payments

SBI Ripple Asia is harnessing the XRP Ledger to build a token-powered ecosystem transforming travel, retail, and regional revitalization across Japan with NFTs, payments, and blockchain innovation. SBI Ripple Asia Uses XRP Ledger to Power Tokenized Travel and Retail Ecosystem SBI Holdings announced last week that its joint venture…
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TRON Ecosystem Poised for Explosive Growth as Binance Alpha Lists NFT, PePe, and SUNDOG

This content is provided by a sponsor. PRESS RELEASE. On July 11th, Binance Alpha officially integrated the TRON network, marking a pivotal milestone in the evolution of both ecosystems. This integration was accompanied by the listing of three TRON-based tokens: NFT, the governance token of the APENFT marketplace…
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Florida Teens Charged in $4M Las Vegas Crypto Kidnapping

Florida teenagers are facing charges of kidnapping and stealing $4 million in cryptocurrency and non-fungible tokens. Teenagers to Be Tried As Adults Three Florida teenagers are reportedly facing charges of kidnapping and stealing $4 million in cryptocurrency and non-fungible tokens (NFTs) from a Las Vegas-based man…
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Nike is facing a lawsuit from people who bought its NFTs

Wes Davis

Wes Davis is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020.

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from under them,” and say they wouldn’t have bought its NFTs if they’d known they were “unregistered securities,” reports Reuters.

Filed in New York’s Eastern District, the proposed class action lawsuit seeks “unspecified damages of more than $5 million for alleged violations of New York, California, Florida and Oregon consumer protection laws.”

Nike tried to jump into the NFT game by buying RTFKT in 2021. But, like Starbucks Odyssey, it never quite worked out and the company abandoned the idea, announcing in December via the RTFKT X account that it planned to “wind down RTFKT operations” by the end of January this year.

Since then, RTFKT has seemingly been maintained by a single person named Samuel Cardillo, who spent Thursday posting through the sudden disappearance (and later reappearance) of artwork for its CloneX NFTs project.

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