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Agenda-setting intelligence, analysis and advice for the global fashion community.

Fashion’s Innovation Dilemma

Nike’s shuttering of RTFKT, the virtual sneaker brand it acquired in 2021, highlights a perennial problem for companies that want to remain innovation leaders: Rush in and potentially make a costly mistake, or hang back and risk being late.
A collage image shows six futuristic-looking, digital Nike Dunks.
Variations of RTFKT's virtual Nike Dunk sneaker. (RTFKT)

Nike-owned RTFKT became web3′s latest casualty this week, when the virtual sneaker and fashion brand announced it would cease operations by the end of January.

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