RTFKT — a digital fashion and web3 studio owned by Nike — announced that it will cease its operations. The company will cease operations by the end of January, RTFKT announced in a Dec. 2 X post. The company will now be tasked with preserving its previous works by maintaining a website that showcases its previous projects: “To honor and preserve this pioneering legacy, we will be launching an updated website that showcases the groundbreaking work that defined the RTFKT journey.