In the past 7 days, NFT blue chips have collectively warmed up. Whether it's the once top PFPs like CryptoPunks, BAYC, MAYC, Azuki, Doodles, or leading generative art NFTs like Chromie Squiggle and Fidenza, there has been a significant rebound.
One of the tokens most related to NFT infrastructure, $BLUR, has quietly risen nearly 90% in the past month. After Andrew Kang called out $BLUR at the end of last month, $BLUR has continued to rise, with an increase of nearly 20%.
In this warm and peaceful atmosphere, Clone X, an old blue chip project with a Nike background, announced its cessation of operations, shocking all NFT players like announcing at a New Year's dinner that one will no longer eat.
In this statement, Clone X's project team, RTFKT Studio, which was acquired by Nike, announced that it would terminate the operations of RTFKT. As a transition before ceasing operations, they will complete their last task in the community in December—adopting the "BLADE DROP" MNLTH X. MNLTH was launched in 2022 and is likely a way to mutate virtual shoes using NFTs.
As for "BLADE DROP," I searched on Twitter, and it seems that this "last dance" will not even allow holders to receive the final pair of physical shoes from Nike, but rather 3D printed shoes produced by Zellerfeld…
Due to the huge negative impact of the cessation of operations, CloneX's floor price instantly plummeted by 50%, currently sitting at 0.3 ETH. Just two days ago, the floor price of this series had rebounded to nearly 0.9 ETH.
NFT players accused the RTFKT team of not just being a "Soft Rug" but a "Hard Rug," and even dug up unkind remarks made by RTFKT co-founder @benitopagotto last year when the CEO of Pudgy Penguins paid tribute to them:
Luca tweeted a tribute to RTFKT on September 17 last year.
And ten days later, @benitopagotto mocked the entry of Pudgy Penguins toys into Walmart, saying, "From Sotheby's auction house to Walmart, the future of Web3 is indeed bright!"
Since the launch of CloneX and RTFKT's acquisition by Nike, three years have passed in the blink of an eye. We finally welcomed a new bull market, yet such an NFT blue chip with a Nike background collapsed abruptly at dawn.
Due to the sudden and confusing information, a $10 million acquisition offer from @JoeyMoose has attracted the attention of many NFT players.
However, it is highly likely that he was joking, as just yesterday he stated he would spend $5 million to buy MoonBirds from Kevin Rose. But buddy, MoonBirds have long been acquired by Yuga Labs…
So what will happen next with CloneX? For instance, in this era where memes have become mainstream, will the community issue a meme token from the perspective of "CTO Nike"?
I don't know, really don't know. After all, this world is always full of the unexpected.
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