TechFlow news, December 14 — Nike announced the acquisition of crypto streetwear brand RTFKT. Specific terms of the deal were not disclosed. John Donahoe, President and CEO of Nike, stated that this acquisition further accelerates Nike's digital transformation, and Nike will continue to serve and expand the RTFKT community. In May, crypto fashion label RTFKT Studios announced an $8 million funding round led by a16z, with participation from C Ventures, Galaxy Digital, VaynerFund, Shrug Capital, GFR, Marc Merrill, Larry Warsh, Roham Gharegozlou, Fewocious, Andrew Gertler (AG), Cyan Banister, Lee Jacobs, Bill Lee, Mantis VC, Tetsuro Miyatake, Akash Nigam, Michael Kives, Ledger, Scott Belsky, Mini-fund / Eros, and others.
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