Nike sued StockX over StockX's Vault NFTs, accusing the company of violating its trademark. Nike also said it was able to buy counterfeit sneakers on the StockX online marketplace.

Nike’s crypto kick NFT collection was changing hands for an average of 3.5 Ether (ETH), or around $8,000 when they were first listed on April 18, 2022, but were trading for around 0.009 Ether ...

When Nike sued, it claimed the NFTs infringed on its trademarks and would be confusing to customers. Then, in an amended complaint, Nike said it bought four pairs of counterfeit shoes from ...

For less than the $10,000 RTFKT Studios sold its AF1 lookalike with a skin from the digital Fewo for, a person could buy a Nike Air Yeezy 1, Tom Sachs x Nike Mars Yard 2.0, or Off-White Air Jordan ...

Nike said StockX last month began selling unauthorized NFTs of its sneakers, telling buyers they would be able to redeem the tokens for physical versions of the shoes "in the near future." ...

Nike Slaps StockX With Lawsuit Over Alleged Sneaker NFTs Jig The lawsuit claims that StockX's Vault NFTs "infringe on Nike's trademarks and will likely confuse customers." ...

Vault NFT names and images from StockX. Nike notes that you can’t yet redeem the NFTs for actual shoes, making them less clearly like ownership receipts — which is how StockX has positioned them.

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After 100 sales, it’s now listed for $295. Related: StockX has sold more than 550 Nike-branded NFTs, according to the lawsuit, and has minted another 2,000.

Nike also claims the “inflated prices” of NFTs could tarnish its brand and presented criticism from social media users who said Vault NFTs are a “scam” for Nike to make more money.

Nike sued StockX for using the likeness of Nike sneakers and is now launching its own NFT platform, which appears to be similar to the one StockX launched nearly a year ago. Users can register for ...