what's rtfkt?
RTFKT is a digital fashion and NFT studio acquired by Nike in 2021, focusing on creating innovative, metaverse-ready avatars and wearables. Its flagship project, Clone X, is a collection of 20,000 unique NFT avatars designed in collaboration with artist Takashi Murakami, featuring staking, forging, and community-driven ecosystem elements. The project emphasized quality-focused digital assets for virtual worlds, including partnerships with brands like Ledger and artists like Fewocious. RTFKT aimed to bridge physical and digital fashion but ultimately shut down operations in December 2024 after failing to meet expectations.
Nike sold RTFKT; CloneX saw $1.62M NFT volume; 182 €39K Treasure Chests minted.
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x.com/rtfktWas sold by Nike on December 16, 2025, with the buyer not publicly disclosed.
CloneX achieved $1,620,000 in NFT trading volume over the 7-day period ending January 10, 2026.
Minted 182 soul-bound Treasure Chest NFTs priced at €39,000 each.
Appointed a new Chief Technology Officer for CloneX.
RTFKT shut down operations following Nike acquisition and corporate pivot that focused on expensive merchandise drops ($300 hoodies, $1,000 shoes) until revenue dried up, with team exiting with 9-figure returns while community lost millions.
Profile Pictures mint by CreamyDreamy in collaboration with id_xanthrax goes live.
Clone X ranks #3 in CoinGecko's top trending NFTs based on 24-hour floor price percentage change.
A rare Murakami clone NFT was minted and reportedly sold for $250,000 to Murakami himself.
Clone X is publicly characterized as a dying project alongside Mekaverse due to lack of revenue model, with commentary stating such projects die over time without revenue.
OpenSea rolls out new "Pulse check" feature that shows CloneX in green next to user portfolios.
MNLTH holders will receive mint access to House of Pranksy membership on its launch day according to House of Pranksy announcement.
New wearable called Smoke and Mirrors Hoodie drops on OurSwoosh platform.
Floor price increases 27.9% today following news of co-founder Benito Pagotto's passing.
RTFKT co-founder Benito Pagotto passed away according to multiple community reports.
Senior design talent exits to join competitor Yuga Labs, suggesting ongoing team restructuring.
Development activities have ceased while maintaining higher floor prices than competitor Azuki Elementals.
New alpha version of Storymode DLC launches with 3D model assembly feature and open API for community development.
Daily sales volume crashes to 26 transactions, marking 88% decline from recent high.
Community warning issued about unauthorized token initiative using trademarked name.
Daily sales volume increases to 217 transactions, reversing recent declining trend.
Trading activity continues decline with 69 daily sales, falling 22% below recent low.
16% price increase follows recent wash trading activity, suggesting continued market manipulation.
Collection price rises to 0.37 ETH with 140 daily sales despite Nike shutdown.
Nike faces community backlash over alleged project abandonment.
Suspicious trading activity detected with single NFT showing extreme price manipulation from 0.31 to 15 ETH and back within hours, indicating potential wash trading.
Daily sales volume drops to 89 transactions, extending recent market cooling trend.
Daily trading volume drops 49% to 168 sales, indicating potential cooling of recent market momentum.
Recent co-founder comments suggest potential CTO or sale opportunity, driving 2x floor price increase amid speculation of Moonbirds-style acquisition scenario.
Floor price stabilizes at $1,000 with 332 daily purchases, showing sustained market activity despite founder abandonment.
Floor price surges 50-60% in 24 hours amid continued acquisition speculation.
Unusual trading volume spike amid acquisition speculation following recent IP availability.
Floor price surges 30% in latest market movement.
Trading volume surges 80% to 50 ETH over 7-day period.
Project founders and Nike have abandoned development; IP potentially available for acquisition.
Rare Murakami DNA variant trades at 1.91 ETH, revealing 99% decline from 2022 peak prices while maintaining premium over floor.
CloneX achieves museum showcase status, demonstrating sustained cultural value despite operational challenges.
New mint event launches June 19 with special access for Takashi Murakami holders and top 1000 Kaikai Kiki leaderboard members.
New mint announced at 0.04 ETH for holders, launching June 19, 2025, with unlimited mints per wallet.
NFT floor price recovers to 0.689 ETH, up from 0.14 ETH capitulation in June.
Major capitulation event as early holder sells at 0.14 ETH, showing 99% loss from previous 14 ETH sale price.
Large wallet sweeps 19 CloneX at 0.17 ETH average price amid project uncertainty.
Previous bull market peak valuation of 20+ ETH revealed, with project now officially categorized among failed/abandoned NFT collections.
Pudgy Penguins' LucaNetz invited to explore potential IP acquisition deal.
Project faces significant decline with vanishing community engagement and creator acknowledging project's effective end.
New lawsuit challenges Nike over RTFKT sunsetting, potentially impacting NFT operations and value.
Development team has abandoned the project, creating significant holder risk.
Head of Tech exits role, transitions to Nike consultant position amid recent technical issues.
Complete decentralization achieved through Arweave partnership, with $4K sponsorship securing 200GB permanent storage for collection data.
Class action lawsuit filed against Nike alleges unregistered securities violations and "soft rug pull" as RTFKT winds down operations, causing NFT prices to plummet.
Holders report 98%+ value loss over 2-year period despite Nike merchandise benefits.
$5M class action lawsuit filed against Nike for RTFKT NFT platform shutdown; NFTs alleged to be unregistered securities.
Class action lawsuit filed against Nike regarding NFT operations and shutdown issues.
$5M class action lawsuit filed against Nike by NFT buyers alleging rug pull, with platform shutdown planned for January 2025.
Complete collection experiences critical display failure, rendering all artwork unavailable.
Class action lawsuit filed against Nike over RTFKT alleging deceptive practices and securities violations, seeking $5M in damages.
Class action lawsuit filed against Nike over NFTs, alleging unregistered securities sale and project termination in early 2024.
Significant partnership complications arise with Nike, becoming focal point of industry discussion.
New class action lawsuit alleges securities fraud and soft rug pull following NFT studio shutdown and temporary CloneX art disappearance.
Major infrastructure upgrade completed with ArWeave migration of 100GB data, fully sponsored by ArDrive.
Parent company announces shutdown by end of 2024, with pending lawsuit in April.
Nike faces $5M lawsuit over alleged soft rug pull and unregistered NFT securities claims.
Class action lawsuit filed against Nike over RTFKT NFTs being sold as unregistered securities.
$5M lawsuit filed against Nike over alleged rug pull, with video evidence to be presented in court.
$5M lawsuit filed against Nike alleging RTFKT NFT rug pull and unregistered securities violations.
$5M class action lawsuit filed against Nike regarding NFT division shutdown.
Legal action filed against Nike for $5M+ following project shutdown, with NFT holders claiming significant losses.
Rug pull event reported while floor price maintains higher levels than comparable projects.
$5M class action lawsuit filed against Nike over project shutdown and NFT market collapse claims.
$5M+ lawsuit filed against Nike in Brooklyn federal court by NFT buyers citing losses after project shutdown.
Class action lawsuit filed in NY claims unregistered securities violations and NFT value collapse, seeking $5M+ in damages.
Class action lawsuit filed against Nike over RTFKT unit closure, citing significant losses for NFT holders.
Technical issue causes temporary removal of NFT artwork from collection
Infrastructure upgrade shifts NFT storage from CloudFlare to ArWeave, resolving metadata outage and enhancing decentralization.
NFT art content currently inaccessible due to Cloudflare restrictions causing full display outage.
Operations appear to be winding down with only one active team member maintaining operations.
Technical infrastructure faces Cloudflare disruption with immediate team response and transparent communication.
Technical issue causes NFT artwork to vanish from display, affecting collection functionality.
Critical technical issue reported with IPFS file system, potentially compromising NFT integrity and ownership verification.
Critical operational risk identified with single-person project management structure.
Server outages expose centralization risks; community advocates for IPFS migration to prevent future disruptions.
Critical technical failure: NFT artwork unavailable after IPFS gateway shutdown due to expired Cloudflare contract.
Technical outage (404 error) currently affecting platform access and functionality.
Technical failure causes complete loss of art display functionality across entire collection previously valued at $1B.
Technical infrastructure changes result in loss of CloneX artwork collection.
High-value NFT purchased for 450 ETH ($1.2M) shows complete value loss, indicating severe market deterioration.
Major whale acquisition of rarest NFT completed for 1,125 ETH through OTC deal.
Infrastructure vulnerability triggers immediate transition to decentralized storage via ArDrive partnership, with images gradually being restored after Cloudflare outage.
NFT artwork becomes inaccessible due to unpaid hosting fees and Cloudflare issues, revealing critical infrastructure failure.