NFT battles: Nike takes seller of unlicensed NFT sneakers to court By Cointelegraph

Popular sneaker maker Nike (NYSE:) has started the “licensed NFT” wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.

According to a Reuters report, Nike has filed a lawsuit against the reseller in a New York Federal court, demanding an undisclosed amount in damages and a halt of sales on such virtual collectibles. StockX reportedly started selling Nike sneaker NFTs in January and promised buyers they can redeem the real-world version of the sneakers in the near future.