Nike Inc. and StockX have reached a settlement in their trademark dispute over NFTs and counterfeit sneakers, concluding a three-year legal battle. The settlement, finalized in the New York Federal Court, cancels the jury trial that was scheduled for October and dismisses all claims with prejudice. This resolution allows StockX to avoid the risk of an unfavorable ruling and enables Nike to sidestep the uncertainties of a jury trial regarding its brand protection strategy. The lawsuit, initiated in February 2022, accused StockX of trademark infringement and dilution, alleging that its "Vault" NFT used unauthorized images of Nike sneakers to sell tokens linked to physical shoes. The settlement marks the end of a contentious case that highlighted the complexities of trademark rights in the digital age.
Nike and StockX Settle NFT and Trademark Dispute
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