NiftyNoon: The Onchain NFT Debate: Nike Clone X’s Image Metadata Controversy 👟🧬🖼️
Owners of Nike’s Clone X collection were faced with an unpleasant surprise as they discovered the image metadata for their NFTs had completely disappeared (April 25, 2025)
Nifty Thought:
Owners of Nike’s Clone X collection were faced with an unpleasant surprise as they discovered the image metadata for their NFTs had completely disappeared. Instead of their 3D RTFKT avatars, onchain collections such as CryptoPunks and ChromieoudFlare explaining that their content had been restricted. This immediately sparked an uproar as holders expressed their discontent with the collection essentially fading into nothingness. Although Nike had already sunset the NFT project, the collection still experienced modest trading volume from long term collectors that appreciated the profile picture’s legacy and history within crypto. Many NFT traders began to debate the issues with relying on centralized sources to host NFT images while others praised onchain collections such as CryptoPunks or even Bitcoin Ordinals which are inherently stored onchain. Eventually, Samuel Cardillo, the head of tech at the RTFKT studio behind Clone X, clarified that the company was switching providers from CloudFlare to ArWeave as a result of an infrastructure downsize. After a few hours, he was able to successfully restore the images on the collection and outlined a hope that he could work with the ArDrive and ArWeave team to fully deecentralized Clone X NFT art to prevent this from happening again.
While this experience was likely painful for many holders, it was also a necessary wake up call for many collectors in the NFT space. Although decentralization is a fundamental pillar of crypto native values, the images for the majority of NFTs are centralized into corporate servers that require ongoing payments to maintain. In this sense, the beauty of truly onchain collections such as CryptoPunks and Chromie Squiggles becomes even more apparent.
Highlighted News:
🖼️ CloneX images should start to reappear (slowly) everywhere. Cloudflare fixed the issue:
https://x.com/cardillosamuel/status/1915416998785556917?s=61
🏛️ @federalreserve announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities:
https://x.com/federalreserve/status/1915519104435224895
💸 @coinbase teaming up with @PayPal to advance stablecoin payments:
https://x.com/coinbase/status/1915392709579178484?s=46
🎮 POKÉMON NFTs, but how?
https://x.com/lokithebird/status/1915324326158754056?s=46
🦊 You can now choose a token to use as gas for all of your MetaMask transactions:
https://x.com/metamask/status/1915465589646344656hP82igIkse_w0CQcovQ
🌀 Starting May 19, trade regulated, capital-efficient futures on XRP, available in larger- and micro-sized contracts on @CMEGroup:
https://x.com/CMEGroup/status/1915412921355583954
🇺🇸 "Dinner with President Trump" clarifications:
https://x.com/gettrumpmemes/status/1915529244895305846?s=46
Project and Community News:
Bitcoin supply on exchanges dropping due to public company purchases: https://x.com/digitalassets/status/1915386493654249487?s=46
The @Grayscale SUI Trust is now live — opening doors for institutional exposure to Sui: https://x.com/SuiNetwork/status/1915461991311040612
@ATT subscribers can now connect to the people-powered Helium Network across America: https://x.com/helium/status/1915392647205904455?s=46
Paul Atkins is set to speak on Friday at the @SECGov's roundtable on crypto trading: https://x.com/eleanorterrett/status/1915056241635967120?s=46
More than a dozen crypto and fintech companies are applying for bank charters in an effort to fast track Fed access: https://x.com/eleanorterrett/status/1915046404944543791?s=46
@JanoverHQ (NASDAQ: JNVR) officially files with SEC to change name to DeFi Development Corporation with treasury holdings in $SOL: https://x.com/martypartymusic/status/1915187457349272057?s=46
Looks like Justin Sun(@justinsuntron) has registered for the $TRUMP dinner: https://x.com/lookonchain/status/1915584603164991912?s=46
“XRP is a network token” says @milesjennings, General Counsel and Head of Policy at @a16z crypto during an interview with @EleanorTerrett: https://x.com/eleanorterrett/status/1915430905306321258?s=46
Tether Crosses 10% Stake in Juventus Football Club (@juventusfc) , Solidifies Position as a Significant Shareholder: https://x.com/tether_to/status/1915388245837336983?s=46
ZORA (ZORA) added to Coinbase: https://x.com/CoinbaseAssets/status/1915451504590229775
Binance.US now supports Base: https://x.com/binanceus/status/1915580063468110091?s=46
@Rockaway_X announce the close of new $125M early-stage crypto venture fund: https://x.com/rockaway_x/status/1915372625515471068?s=46
@Claynosaurz Introducing The Achievements System, v.01: https://x.com/Claynosaurz/status/1915442260696850685
The next chapter of @BillyBets_ai is here: https://x.com/BillyBets_ai/status/1915104808513474733
Initia Mainnet is live: https://x.com/initia/status/1915351076108460515?s=61
Introducing the OCH Weapon System - a new layer of power, strategy, and progression in the fight against Dragma: https://x.com/onchainheroes/status/1915167259661934659?s=46
The @jup_dao DAO Resolution vote is LIVE: https://x.com/jup_dao/status/1915080679441699133?s=46
There is now 31,000,000 USDC in active loans on GONDI, representing 93% of the NFT lending USDC market: https://x.com/gondixyz/status/1915439827597877622?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 945 ETH (▲ 12.15%)
🌊 OpenSea ETH Daily Volume: 1,207 ETH (▼ 0.85%)
🟠 BTC : $94,169.27 (▲ 1.93%)
🔷 ETH: $1,782.46 (▲ 2.29%)
🟣 Solana: $153.94 (▲ 4.89%)
🟪 Polygon: $0.25 (▲ 4.69%)
Top NFT Sales:
Skulls of Luci #20: 90.00 ETH
Skulls of Luci #12: 85.00 ETH
CryptoPunks #8673: 57.50 ETH
NFT Daily Winners:
👾 Tensorians: 2.35 SOL (▲ 7.07%)
😡 Mad Lads: 46.09 SOL (▲ 2.42%)
🐵 NodeMonkes: 0.04 BTC (▲ 1.77%)
👩🏻 Milady Maker: 3.16 ETH (▲ 0.93%)
🦧 Bored Ape Yacht Club: 13.60 ETH (▲ 0.74%)
🏳🌈 Chromie Squiggles: 4.33 ETH (► 0.00%)
⛩ Azuki: 2.63 ETH (► 0.00%)
NFT Daily Losers:
🐱 Quantum Cats: 0.04 BTC (▼ 0.05%)
🚬 CryptoPunks: 43.10 ETH (▼ 0.30%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 1.28%)
🍭 Mocaverse: 1.90 ETH (▼ 1.55%)
🐧 Pudgy Penguins: 9.82 ETH (▼ 2.58%)
🧙🏻♂️ Taproot Wizards: 0.16 BTC (▼ 3.25%)
🏴☠ Captainz: 0.67 ETH (▼ 3.74%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 4.12%)
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