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Nike cries foul over virtual shoes, suing retailer that sells sneaker NFTs

Nike said StockX's NFTs infringe its trademarks and are likely to confuse consumers. Its lawsuit asked for unspecified money damages and an order blocking their sales.

Detroit-based StockX, a platform for reselling sneakers, handbags and other goods, was valued at more than US$3.8 billion last year.

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