Nike’s StockX Lawsuit Amps up Over Fake Jordans, NFT Collection
Back in March, Nike initiated legal proceeds against StockX over the secondhand marketplace’s Vault NFT collection, which included a selection of digital renderings of covetable sneakers like the sacai x KAWS x Nike Blazer Low and Bad Bunny’s adidas collaboration.
Nike itself getting deep into the Web3 space — it acquired NFT footwear company RTFKT in 2021 and recently issued “Cryptokicks” and an AR hoodie — so it presumably sees StockX as an interloper selling digital “bootlegs” of trademarked Nike kicks.
The lawsuit escalated on May 10, when Nike’s attorneys at DLA Piper LLP filed a document in court stating that Nike wants to bolster its charges against StockX.
Not content to merely take down StockX’s NFT collection, Nike is also taking aim at what it calls “StockX’s counterfeiting activities.”
In its memorandum, Nike claims to have purchased four pairs of fake Jordan sneakers from StockX “within a two month period,” including a pair of bootleg Jordan 1 “Chicago” shoes that match one of the NFTs sold through StockX’s Vault NFT program.
This seems like a low blow from The Swoosh (welcome to the wonderful world of lawyering) but Nike argues that this development is actually relevant to its case.
In StockX’s rebuttal to Nike’s original accusations, it asserted that the Vault NFTs were “claim tickets” to Nike shoes vetted through StockX’s “proprietary, multi-step authentication process.”
By revealing that said process is flawed, Nike is angling to add additional charges of “counterfeiting and… false advertising” to its four other charges against StockX.
Nike didn’t actually say which three other fake shoes it allegedly bought off StockX nor did it explain exactly how it specifically acquired fake shoes from StockX or even how it verified that these shoes were indeed fake — wonder if an employee with a grudge hooked Nike up or if some Swoosh intern just kept ordering shoe after shoe until a fake finally arrived with that green “authenticated” hangtag.
Instagram commenters are not impressed, either way: most of the replies on Highsnobiety’s post can be summed up as “Been knew dat.”
This content was originally published here.