- Courtyard NFT sales jumped 12.19% in April 2025, hitting $62.4 million with nearly 34,000 new buyers.
- DMarket saw over 1.15 million transactions in April despite a slight drop in total sales volume.
- Nike faces a $5M class-action lawsuit over alleged NFT fraud tied to the shutdown of its RTFKT platform.
The trading activity for NFTs in April 2025 has resulted in different sales outcomes among leading collections. The Courtyard NFT collection earned $62.4 million from its buyers during April, resulting in a 12.19% increase in March sales. The exchange handled 497,749 transactions while acquiring buyers numbering 33,970, showing increased user adoption.
In addition, DMarket maintained its lead in activity while its volume fell to $39.91 million during April 2025 despite a 4.28% decrease. The platform’s activity numbers reached 1.15 million transactions with 59,384 unique buyers.
Meanwhile, the volume of crypto punks reached $19.23 million, while the exchange experienced 90 buyers who conducted 147 trades. The monthly performance of the Guild of Guardians showed a significant decrease from its previous numbers.
Nike is Facing a $5 Million Lawsuit Over its NFT Activities
The courts have started legal proceedings against Nike because of its NFT operations after shutting down RTFKT, the digital fashion and collectibles branch of its business. The proposed class-action lawsuit, filed Friday in the Eastern District of New York, accuses the global sportswear brand of misleading and unfair business practices that left investors in the dark.
Australian customer Jagdeep Cheema, who bought Nike NFTs, is leading the lawsuit and is seeking at least $5 million in damages. The complaint alleges that Nike misled consumers by heavily promoting the NFTs and failing to register them as securities with the U.S. Securities and Exchange Commission.
The filing states that buyers would not have purchased the NFTs had they known about the alleged legal gaps and the eventual platform closure. It describes the shutdown as a “rug pull,” implying Nike abandoned its customers after encouraging them to invest in digital assets.
Nike joins a growing list of sports brands facing legal scrutiny over NFT ventures. Earlier this year, DraftKings settled two lawsuits, one involving similar claims tied to its NFT marketplace. As legal pressure intensifies, the broader NFT market continues to feel the weight, with overall market value slipping amid declining user trust.
NFTs Expand into Gaming and Virtual Real Estate
The NFT landscape is entering a new chapter beyond simple profile pictures and digital collectibles. The creators of the popular Bored Ape Yacht Club NFTs, Yuga Labs plans to launch new NFT collections that will connect to their Otherside metaverse project.
The upcoming NFT releases aim to deliver advanced user experiences with interactive features that capitalize on the market success of previous releases. At the same time, Nike is diving deeper into the NFT market. In addition, new opportunities have emerged in the rising market for digital land ownership by the expansion of virtual real estate platforms such as Decentraland and The Sandbox. NFTs are positioned as valuable, marketable in-game assets in the gaming industry by upcoming blockchain games.
