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RTFKT, the creators of non-fungible token sneakers and avatars acquired by Nike in 2021, has announced its closure.RTFKT also outlined plans to release a final collection in December, the MNLTH X, featuring the BLADE DROP before its closure. The team described this move as a testament to its dedication to innovation and the merging of physical and digital realms.
Reflecting on its achievements, the company highlighted its role at the forefront of digital culture, pioneering the integration of the sneaker lifestyle, gaming, digital fashion, and Web3 technology. The statement also highlighted its major contributions, including the Clone X collaboration with renowned artist Takashi Murakami, the development of digital footwear that transformed into physical products, and its support for 3D artists and digital creators.Founded in 2020, RTFKT quickly rose to prominence, raising at least $8 million from investors like Andreessen Horowitz.
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