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Crypto

NFT market cap retreats to 2021 levels, falls to around $1.5 billion

The NFT market has fallen back to levels seen before 2021, Cointelegraph reported on Thursday. It said NFT market capitalisation dropped to below $1.5 billion as the broader cryptocurrency market weakened. CoinGecko data show the crypto market cap fell to $2.2 trillion from $3.1 trillion over the past two weeks, while bitcoin and ether also declined. NFT issuance rose in 2025, but volumes and average prices fell.

Crypto

Nike winds down RTFKT NFT project months after investor lawsuit

Nike has wound down NFT studio RTFKT, Cointelegraph reported on Jan. 7, citing The Oregonian. Nike acquired RTFKT in 2021 during an NFT boom to strengthen its web3 strategy but later faced a shrinking market and an investor lawsuit. RTFKT drew attention for NFT-based virtual sneakers and digital wearables. Nike decided in May last year to halt operations, prompting investors to seek $5 million in damages.