Nike Sues StockX for Selling Sneaker NFTs

Nike Sues StockX for Selling Sneaker NFTs

Be careful of which NFTs you buy or sell. Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens.

Nike said StockX’s NFTs infringe its trademarks and are likely to confuse consumers. Its lawsuit asked for unspecified money damages and an order blocking their sales.

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