Nike ramps up sneaker NFT lawsuit with StockX counterfeiting claim

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Nike ramps up sneaker NFT lawsuit with StockX counterfeiting claim
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Nike Inc told a Manhattan federal court that online reseller StockX LLC has been offering counterfeits of its shoes, building on its existing lawsuit accusing StockX of violating its trademarks by selling digital images of Nike shoes in the form of non-fungible tokens, or NFTs.

that it recently bought counterfeit shoes through StockX despite the platform's claims that its NFTs are part of a process to guarantee its shoes' authenticity.

Nike said Tuesday in a request to file an updated complaint that it had recently bought four pairs of counterfeit shoes from StockX that the reseller had "verified authentic," including one pair that matched a StockX NFT.

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