RTFKT, the creators of NFT sneakers and avatars, acquired by Nike in 2021, announced their closure. 🏁 In December, they will release the final MNLTH X collection, emphasizing their commitment to innovation.

The company takes pride in its contribution to digital culture, including collaborations with Takashi Murakami and support for 3D artists. However, the decline in the NFT market and reduced demand led to the decision to close in January 2025.