Do you remember the acquisition in May 2021? At that time, NIKE took over the digital creative company RTFKT at an estimated value of about $33.3 million. Now, the awkward situation of this investment is in the spotlight—by December, NIKE decided to sell RTFKT, which reflects more than just a strategic adjustment.
The NFT market has cooled from its fever pitch to an ice-cold state, and the investment returns have fallen far short of expectations. The best example is the performance of the core asset Clone X: at the end of 2022, it could sell for $63,000, but now it has plummeted to less than $
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