Thursday, 13 April, 2023

Nike to test legal limits concerning NFT trademark law by suing StockX

<p><strong>StockX is a very popular shoe reseller which has recently started bundling NFTs with their physical goods. Nike believes that the resulting crypto assets violate a plethora of rules. Trademark infringement, trademark dilution are some of the violations as stated by Nike. According to the lawsuit, StockX has released 9 NFTs among which 8 are linked with Nike. This lawsuit is very important for NFTs as the legal limits of digital trade are being tested.</strong></p>