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Nike versus StockX: The NFT market’s biggest lawsuit yet

(Source: Bigstock)
Last week, global sports brand Nike announced it is taking online sneaker marketplace StockX to US Federal Court over claims it sold Nike-branded NFTs without its permission.  According to a report in Reuters, Nike said StockX’s ‘Vault’ NFTs infringe on its trademark rights and are likely to confuse customers as to whether or not they are buying official Nike digital products. Five hundred of these NFTs have been sold. The issue, however, is that the NFTs purchased through StockX are