Nike Files Lawsuit Against StockX Over Sneaker NFTs

Sportswear industry leader Nike sued StockX in New York federal court on February 3, 2022 accusing the gargantuan resell platform for selling unauthorized sneaker NFTs of Nike shoes. The Swoosh is claiming that the Detroit-based sneaker and apparel marketplace is infringing on the brand's trademarks, and as a result, confusing its consumers due to the fact that the NFTs are being sold at inflated price and have "murky terms of purchase and ownership.""Nike did not approve of or authorize StockX'...