World Footwear

Companies

Nike accelerates its digital transformation

Dec 14, 2021 United States
Nike accelerates its digital transformation
The company has announced the acquisition of RTFKT, which is a brand known for creating viral sneakers designs and collectible exclusives. The terms of the deal will not be disclosed
“This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture. We’re acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities”, explains John Donahoe, President and CEO of NIKE, Inc. In October, Nike had filled trademark applications as part of its preparation to sell virtual goods.

Founded in 2020 by Benoit Pagotto, Chris Le and Steven Vasilev, RTFKT’s brand aims at redefining the boundaries of physical and digital value to serve their broad community of creators. The brand leverages the latest innovation in game engines, NFT’s, blockchain authentication and augmented reality, combined with manufacturing expertise, to create one of a kind digital artefacts and experiences.  

“This is a unique opportunity to build the RTFKT brand, and we are excited to benefit from Nike’s foundational strength and expertise to build the communities we love. Nike is the only brand in the world that shares the deep passion we all have for innovation, creativity and community, and we’re excited to grow our brand which was fully formed in the metaverse”, commented Benoit Pagotto, one of RTFKT’s co-founders.


Image Credits: highsnobiety.com


Related Events

  • Jul
    30
    Jul 30-Jul 31, 2025 | Chicago, United States

    Chicago Shoe Market

  • Aug
    2
    Aug 2-Aug 5, 2025 | Chicago, United States

    Chicago Collective

  • Aug
    2
    Aug 2-Aug 4, 2025 | Livonia, United States

    Michigan Shoe Market

  • Aug
    4
    Aug 4-Aug 6, 2025 | LA, United States

    LA Market Week

Related Organizations

  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States
  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States
  • Fashion Design Office

    Fashion Design Office

    United States
  • SSIA - Shoe Service Institute of America

    SSIA - Shoe Service Institute of America

    United States