Nike and StockX Settle NFT Trademark Dispute, Avoid October Trial

Nike and StockX have officially settled a long-running legal dispute over trademark use in sneaker-linked NFTs, bringing an end to a high-stakes court battle that has shaped how digital assets intersect with intellectual property ￰0￱ Takeaways: Nike and StockX have settled their trademark dispute, ending a three-year legal battle over sneaker-linked ￰1￱ settlement cancels a planned October jury trial, sparing both companies from potential reputational and legal ￰2￱ case underscores growing legal scrutiny of NFTs, especially when brand usage and counterfeit claims are ￰3￱ resolution, filed last Friday in New York federal court , halts a jury trial that had been slated for October and dismisses all claims with ￰4￱ and StockX Avoid Legal Blow with Last-Minute Settlement The decision spares both companies from a potentially damaging courtroom ￰5￱ StockX, the settlement eliminates the risk of being found liable for broader misuse of Nike’s ￰6￱ Nike, it avoids the uncertainty of having its IP enforcement strategies scrutinized by a ￰7￱ conflict began in early 2022, when Nike accused the Detroit-based marketplace of trademark infringement over its “Vault” NFTs, which featured Nike ￰8￱ to Nike, the tokens misled consumers into thinking the company endorsed or was involved in the digital ￰9￱ countered that the NFTs merely served as digital receipts tied to physical goods, not as standalone ￰10￱ escalated in May 2022 when Nike amended its complaint to allege that StockX had also sold counterfeit ￰11￱ claims gained legal weight in March this year, when Judge Valerie Caproni ruled in Nike’s favor on part of the ￰12￱ court found StockX liable for selling four fake pairs of Nike shoes to undercover investigators and an additional 33 pairs to a ￰13￱ has been found liable for selling counterfeit Nike shoes according to a new court document released today ￰14￱ — Ovrnundr (@Ovrnundr) March 4, 2025 The remaining issues were left for a jury, until the parties reached their agreement last ￰15￱ December last year, Nike-owned digital fashion and web3 studio RTFKT announced plans to wind down ￰16￱ to an announcement shared on RTFKT’s social media channels, its Web3 services will cease by the end of January ￰17￱ company cited a transition to preserving its legacy through an updated website showcasing its previous ￰18￱ company also faced a lawsuit from a group of investors who claimed the company’s abrupt shutdown of its digital collectibles venture, RTFKT, wiped out the value of their purchases and left them facing heavy ￰19￱ Sandbox Founders Exit as Animoca Assumes Full Control As reported, Metaverse platform The Sandbox is undergoing a transformation following the departure of its co-founders and a majority takeover by Animoca Brands.

Co-founders Sébastien Borget and Arthur Madrid have stepped back from operational roles, with over half of the company’s workforce also let ￰20￱ Yung, CEO of Animoca Brands, has been appointed as the new CEO of The ￰21￱ remains involved as a public ambassador, while Madrid assumes a non-executive chairman ￰22￱ the leadership shake-up is growing dissatisfaction with The Sandbox’s ￰23￱ raising $300 million over the past eight years, the platform has failed to gain traction among ￰24￱ active usage reportedly numbers in the low hundreds, with many flagged as bots, particularly from South ￰25￱ native token, SAND, has fallen more than 95% from its 2021 highs, with its market cap plummeting from $8 billion to around $700 million.