Here's a roundup of the latest NFT news as of May 28, 2025:
🔥 Major NFT Developments
• Nike Faces Lawsuit Over RTFKT NFT Platform Shutdown
Nike is being sued for $5 million by investors after abruptly shutting down its RTFKT digital fashion operations in early 2025.
• Luxury Fashion Brand 9dcc Announces Closure
9dcc, a luxury fashion brand that integrated on-chain tokens with physical fashion, has announced plans to shut down operations by the end of May due to economic challenges.
• My Neighbor Alice to Hold AMA on X
The multiplayer builder-game "My Neighbor Alice" will host an AMA on X on May 28 at 12:00 UTC.
📉 Market Trends
• NFT Sales Decline in Q1 2025
NFT sales volumes dropped to $1.5 billion in the first quarter of 2025, a 63% decline compared to the same period in 2024. However, collections like Pudgy Penguins and Doodles bucked the trend with gains.
For more in-depth coverage and updates on the NFT space, consider visiting NFT News Today or Cointelegraph's NFT section.
If you're interested in upcoming NFT drops, events, or specific market analyses, feel free to ask!
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