Nike and StockX Reach Settlement in Trademark Dispute Over Sneaker NFTs

Nike Inc. and StockX, an online platform for trading sneaker resale, have resolved their trademark dispute regarding NFTs related to sneakers. The agreement was finalized last Friday in a New York federal court, ending a three-year legal battle. A previous judge ruled that StockX was selling counterfeit shoes, a decision made over six months prior.    This settlement cancels the upcoming jury trial scheduled for October and dismisses all claims with prejudice. StockX avoids the risk of an unfavorable verdict and Nike avoids presenting its brand protection strategies before a jury.