Nike's professional relationship with online marketplace StockX appears to have taken a turn for the worse. The two companies are locked in a legal battle that started with NFTs and has escalated ...

StockX has denied Nike’s claims that it sells counterfeit shoes as the two companies battle in court over whether StockX’s Vault NFTs violate Nike’s trademarks.

“Because the Nike NFTs derived their value from the success of a given promoter and project — here, Nike and its marketing efforts — investors purchased this digital asset with the hope that ...

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.

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 is seeking unspecified damages and is requesting an injunction blocking further sales of the NFTs. Written by Bernard "Beanz" Smalls Published on February 4, 2022 ...

StockX has sold more than 550 Nike-branded NFTs, according to the lawsuit, and has minted another 2,000. Other NFT Vault products currently for sale include valuable Pokeman cards, ...

Many of the brand’s NFTs are made in collaboration with digital artists and have sold for up to $10,000 a pop. In just seven minutes earlier this month, RTFKT Studios sold $3.1 million worth of ...

Nike, Quentin Tarantino and Birkin bags have something in common - they're all tied up in separate lawsuits related to NFTs, nonfungible tokens. People are spending billions of dollars on NFTs.

Nike is still trying to make NFTs happen with .Swoosh. The company’s launching .Swoosh, a Web3 platform that will eventually let users buy, sell, and trade virtual shoes and apparel.

Most of the media coverage around NFTs has focused on big art auctions such as Beeple’s Everydays, a giant digital collage that sold for $69 million, and the heavily hyped Bored Ape Yacht Club ...