RTFKT – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 25 Apr 2025 16:13:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 RTFKT – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 RTFKT NFTs Disappear After Cloudflare Glitch Disrupts Image Hosting https://earlybirdsinvest.com/rtfkt-nfts-disappear-after-cloudflare-glitch-disrupts-image-hosting/ https://earlybirdsinvest.com/rtfkt-nfts-disappear-after-cloudflare-glitch-disrupts-image-hosting/#respond Fri, 25 Apr 2025 16:13:15 +0000 https://earlybirdsinvest.com/rtfkt-nfts-disappear-after-cloudflare-glitch-disrupts-image-hosting/

Images tied to the popular Ethereum NFT collections Clone X and Animus temporarily disappeared on April 24, leaving collectors with blank screens and a notice about a terms of service violation.

The glitch follows the closure of RTFKT, the digital studio behind the collections, which was shut down by Nike in December 2024. Whilst ownership and metadata remained secure on the blockchain, the visual assets linked to the tokens became temporarily inaccessible due to a third-party hosting problem.

RTFKT’s former Head of Technology, Samuel Cardillo, has since confirmed efforts are underway to prevent similar disruptions in the future.

RTFKT NFTs Go Dark After Cloudflare Glitch Disrupts Image Hosting
Source: RTFKT

Why did the NFTs disappear?

The images for RTFKT’s Clone X and Animus collections disappeared after Cloudflare downgraded the account responsible for serving the files. The downgrade, which Cardillo said happened a few days before the paid contract was due to expire, resulted in restrictions being applied to the content.

Instead of displaying NFT images, holders saw a generic black screen with a message indicating that the content had been restricted for violating Cloudflare’s terms of service. This occurred because the files were not stored directly on the Ethereum blockchain, but rather hosted off-chain and delivered through Cloudflare’s services.

Whilst the NFTs themselves were unaffected—the tokens, metadata, and ownership records remained on-chain—the incident highlighted the risks of relying on centralised hosting to display NFT content.

RTFKT NFTs Go Dark After Cloudflare Glitch Disrupts Image Hosting
Source: Samuel Cardillo

What’s next for RTFKT?

Although RTFKT as a company was closed by Nike in late 2024, its collections continue to exist and circulate in the secondary market. To safeguard the media assets associated with those collections, Cardillo announced a migration to Arweave, a decentralised storage network that allows users to store files permanently.

Using AR Drive, a tool built to interface with Arweave, the team plans to move approximately 200GB of image data by the end of April. This transition aims to eliminate reliance on services like Cloudflare and ensure that holders can continue to view their NFTs regardless of third-party service interruptions.

The storage move is estimated to cost around $2,800 and is intended to provide a more reliable solution for long-term access to the digital files linked to RTFKT’s NFTs.

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Nike-Owned RTFKT to Shut Down Operations by January 2025 https://earlybirdsinvest.com/nike-owned-rtfkt-to-shut-down-operations-by-january-2025/ https://earlybirdsinvest.com/nike-owned-rtfkt-to-shut-down-operations-by-january-2025/#respond Mon, 24 Feb 2025 11:07:57 +0000 https://earlybirdsinvest.com/nike-owned-rtfkt-to-shut-down-operations-by-january-2025/

RTFKT, the Web3 studio acquired by Nike in 2021, has announced it will shut down its operations by January 2025. Known for its innovative projects like Clone X, the announcement has sparked confusion and raised questions about what comes next for the studio’s community.

An Unexpected End

Since its founding in 2020, RTFKT has been at the forefront of Web3 innovation and NFT sneakers. From its high-profile Clone X collaboration with artist Takashi Murakami to its tech-driven Cryptokicks iRL sneakers with features like auto-lacing and app connectivity, RTFKT built a solid reputation in the Web3 space.

Nike’s acquisition of the studio was seen as a big move to embrace the metaverse and digital collectibles, cementing RTFKT’s place as an industry pioneer.

However, the announcement of the shutdown by RTFKT leaves a cloud of uncertainty and disappointment, even as the company reflects on the impact it has had. “The revolution we started lives on through every creator we inspired,” said the studio in its announcement.

While this acknowledges their role in shaping the Web3 space, it is somewhat at odds with the reality that many of those creators are now voicing frustration over the abrupt nature of the closure.

A Final Product

What has added to the surprise is RTFKT’s decision to release one final product, the MNLTH X featuring the Blade Drop, in December. The timing of this release—just weeks before the studio is set to wind down—has raised some eyebrows.

While framed as a ‘testament to our commitment to pushing boundaries’, it’s left some wondering why they would release a new product so close to the end, which feels at odds with the studio’s previous focus on long-term innovation.

Final Thoughts

RTFKT has promised to preserve its legacy by creating an archival website to showcase its projects. They will also continue to update existing collections and services through their official channels, including Discord. But what happens to royalties and IP of existing projects? This remains to be seen.

RTFKT’s announcement to shut down by January 2025 leaves many questions, as the studio hasn’t explicitly mentioned the reasons behind the shutdown. The statement is proud of its accomplishments but gives little explanation for why a company supported by Nike and, despite setbacks, was largely considered a leader in Web3, would step away so suddenly.

However, a more general rationale remains under speculation: whether this actually reflects broad strategic changes within Nike internally or, indeed, is more about their plan to step away from the NFT space.

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