On February 3, 2022 ,Nike lodged a formal complaint at the New York District Court against StockX. This lawsuit marked the end of the 5-year long partnership between Nike and StockX.. In the initial complaint, Nike accused StockX of using its trademark to sell its NFTs. Additionally, Nike also accused StockX of using its iconic ‘Swoosh’ logo to reap huge amounts of profits through its Vault NFTs program using a digital twin technology.
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