Nike has acquired NFT studio RTFKT for an undisclosed amount.
RTFKT was valued at $33.3 million in May after a seed funding round.
It’s thought that Nike may now digitize shoes & sell them as limited NFTs in the future.
RTKFKT is the company is behind CloneX, one of the most talked-about NFT project drops of the month.
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CloneX has seen nearly $65 million in transaction volume since its initial drop less than three weeks ago.
RTFKT also collaborates with crypto creators to design physical items that utilise imagery from NFT projects.
Photo by Aman Jakhar from Pexels
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