Published by
The Street
The Street
By PR Newswire HONG KONG, Dec. 14, 2021 /PRNewswire/ — RTFKT, an innovative brand that utilises next generation technology, including blockchain authentication, NFT, gaming engines and augmented reality to create unique sneakers and digital artefacts, is being acquired by NIKE. Earlier this year, C Ventures, a leading venture capital company co-founded by Adrian Cheng, significantly backed RTFKT in a seed funding round, which totalled $8 million. C Ventures was one of the top three investors and the largest in Asia. The new capital helped RTFKT to broaden its team of creators and artists, dev…