'Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks.' crypto cryptocurrency NFT
“Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks,” Nike alleges.Sneaker giant Nike filed a lawsuit against online reseller Stockx in New York federal court last week for selling non-fungible tokens using unauthorized images of Nike shoes.
The sneaker giant further noted that Stockx told buyers they would be able to redeem the tokens for physical versions of the shoes “in the near future.” Nike did not approve of or authorize Stockx’s Nike-branded Vault NFTs … Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks.
Meanwhile, Nike is preparing to release its own virtual products later this month in collaboration with the digital art studio RTFKT, which it acquired in December.
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