Nike Has Fundamental Misunderstanding of NFTs, StockX Says
StockX struck back in its reply to Nike’s trademark lawsuit against it, saying that its “Vault” NFTs based on the Swoosh’s products are not digital sneakers. Rather, the NFTs are just placeholders for authenticated physical goods that the reseller marketplace is storing for customers. That NFT can be easily bought and sold, without the need to physically transfer merchandise, StockX said. Nike’s suit ... Log in to view full article.