TheBlockCrypto.com reported that "The US-based sportswear giant Nike is suing StockX, an online resale marketplace selling shoes, streetwear and other goods, for trademark infringement, trademark dilution and other charges." The
Nike claims StockX allegedly sold Nike-branded non-fungible tokens (NFTs) that did not originate from Nike during a mid-January drop, using Nike's brand to sell digital assets at higher prices than the physical item that the NFT represents.
Nike requested in the lawsuit that StockX cease and destroy all NFTs associated with Nike's trademarks and pay for damages Nike suffered.
This will be an interesting suit to follow!
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