Overview
- The companies filed to dismiss all claims with prejudice in New York federal court last Friday, canceling a jury trial that had been scheduled for October.
- Nike’s 2022 suit challenged StockX’s use of Nike sneaker images in “Vault” NFTs, while StockX maintained the tokens functioned as digital receipts tied to physical goods.
- In March 2025, Judge Valerie Caproni granted Nike partial summary judgment, finding StockX liable for distributing four counterfeit pairs to investigators and 33 pairs to a customer named Roy Kim.
- The settlement keeps the terms confidential and spares both sides the risk of a public verdict on broader trademark and NFT questions.
- Industry observers say the outcome reinforces the need for explicit brand approvals and tighter authentication, with RTFKT’s wind-down cited as context for the limits of hybrid NFT–physical models.