RTFKT announced the cessation of operations, the end of the old blue chip NFT in the new bull market

In the past 7 days, the old blue chip NFTs have rebounded collectively. Whether it is CryptoPunks, BAYC, MAYC, Azuki, Doodles, these former top PFPs, or Chromie Squiggle, Fidenza, these top generative art NFTs, they have all rebounded significantly.

One of the tokens most relevant to NFT infrastructure, $BLUR, has also quietly risen by nearly 90% in the past month. After Andrew Kang called for $BLUR at the end of last month, $BLUR continued to rise, with an increase of nearly 20%.

In the warming and peaceful atmosphere, Clone X, an old blue chip project with Nike background, announced the suspension of operations at this time, which shocked all NFT players, just like announcing that they would never eat at the New Years Eve dinner again.

In this statement, the project owner of Clone X, RTFKT Studio, which was acquired by Nike, announced that it would terminate the operation of RTFKT. As a transition before the termination of operations, they will complete the last thing in the circle in December – MNLTH X with BLADE DROP. MNLTH was launched in 2022, probably using NFT to mutate virtual shoes.

As for BLADE DROP, I searched on Twitter and it seems that for this last dance, the holders cant even get the last pair of physical shoes from Nike, but 3D printed shoes produced by Zellerfeld…

Affected by the huge negative news of the termination of operations, the floor price of CloneX plummeted by 50% in an instant and is currently closed at 0.3 ETH. Just two days ago, the floor price of the series rebounded to nearly 0.9 ETH.

NFT players accused the RTFKT team of not even being a “Soft Rug” but a “Hard Rug”, and also dug up the unkind remarks made by RTFKT co-founder @benitopagotto when Pudgy Penguins CEO paid tribute to them last year:

Luca tweeted a tribute to RTFKT on September 17 last year

Ten days later, @benitopagotto mocked the arrival of Pudgy Penguins toys at Walmart, saying, “From Sotheby’s to Walmart, the future of Web3 is bright!”

Three years have passed since CloneX was released and RTFKT was acquired by Nike. We have finally waited for a new bull market, but such an old NFT blue chip with Nike background came to an abrupt end at dawn.

Due to the suddenness of the incident and the confusion of information, this $10 million acquisition offer from @JoeyMoose attracted the attention of many NFT players.

But he was probably joking, because yesterday he said he would spend $5 million to buy MoonBirds from Kevin Rose. But man, MoonBirds was already acquired by Yuga Labs…

So what will happen to CloneX in the future? For example, now that memes have become mainstream, will the community issue meme tokens from the perspective of CTO Nike?

I don’t know, I really don’t know. After all, this world is always full of surprises.

This article is sourced from the internet: RTFKT announced the cessation of operations, the end of the old blue chip NFT in the new bull market

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