Nike is suing Stockx for unauthorized sneakers
- By sennenqshop/li>
- 692
- 07/09/2022
The online retailer Stockx sold unauthorized sneakers from Nike.The sporting goods manufacturer does not want to put up with that and files a lawsuit.Because Nike himself also wants to get into the business with the NFTS.
NFTs are increasing more and more.Between 2018 and 2020 alone, the market capitalization of the non-fungible tokens has almost tenfold.
If NFTs worth almost $ 40.1 million were traded in 2018, it was already $ 338 million in 2020-and the trend is rising.
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More and more large brands are increasing into the business with the non-fungible tokens.But here, too, brand manufacturers like Nike are not immune to counterfeits.
Nike complains against unauthorized sneakers
In front of a New York Federal Court, the sporting goods manufacturer Nike filed a lawsuit against the online retailer Stockx on Thursday, as Reuters reports.The reason is not authorized sneakers that show Nike models.
In his complaint, the sporting goods refers to his trademark rights.The unauthorized sneakers would violate the brand and could confuse the client.According to the lawsuit, Stockx is said to have sold 500 Nike-Nfts.
Now, according to Reuters, Nike is calling for an "non-detailed compensation" and a ban on sales of the non-fungible tokens by the online retailer.
The problem with the unauthorized sneakers
In his complaint, Nike refers to complaints from customers: inside.Accordingly.Buyers also have doubts about the legality of the Stockx nfts.
According to Nike, Stockx has been selling unauthorized sneakers since last month.The online retailer is said to have promised: inside that they could exchange their NFTs "in the near future" for real shoes.
The legal dispute is particularly interesting if you take a closer look at Nike's plans.Because this month the sporting goods manufacturer wants to release "a number of virtual products".
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The NFT sale at Skockx
The online retailer Stockx announced in January to get into the business to get into NFTS.
The online retailer aims particularly at sneaker fans who collect sneakers as assets.Stockx wants to make it easier with the NFTs to act with the shoes, as it is no longer necessary to send the real sneakers back and forth.
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