NIKE acquired RTFKT, a transaction completed in December 2021, structured as Acquisition.
RTFKT is based in United States. RTFKT, founded in 2020, is a digital-native brand that creates next-generation collectibles merging culture and gaming, using game engines, NFTs, blockchain authentication and augmented reality. Terms were not disclosed.
Accelerates Nike's digital transformation and extends its reach into virtual products, gaming and creator culture.
Advisory firms were not disclosed for this transaction.