Reports indicate Nike is selling its NFTs and virtual sneakers. This development follows Nike's reported shutdown of its NFT operations, signaling a retreat from the digital collectibles market. The move comes amid a cooling demand for digital art, according to reports. The broader implications for other major brands involved in the NFT space remain to be seen, but this action by Nike could reflect a recalibration of strategies within the digital asset market.

Reports indicate Nike is selling its NFTs and virtual sneakers. This development follows Nike's reported shutdown of its NFT operations, signaling a retreat from the digital collectibles market. The move comes amid a cooling demand for digital art, according to reports. The broader implications for other major brands involved in the NFT space remain to be seen, but this action by Nike could reflect a recalibration of strategies within the digital asset market.