Nike and StockX Call Truce in NFT and Fake Sneaker Lawsuit

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 01, 2025

Key Takeaways

Nike and StockX ended a three-year legal fight with a formal settlement on August 29, which canceled the trial scheduled for October;
Nike claimed StockX misused its trademarks by using branded images in NFTs tied to real sneakers without permission;
The court ruled in March 2025 that StockX sold fake Nike shoes in several cases, which increased pressure to resolve the case.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

BITDEGREE IN YOUR SOCIAL FEED

Nike and StockX, an online marketplace, have officially ended a legal battle that began more than three years ago.

The companies settled on August 29 in a New York federal court. With the agreement in place, the trial planned for October has been canceled, and all claims have been dismissed.

Nike first filed the lawsuit in February 2022. The sportswear company accused StockX of using its trademarks without permission through a series of non-fungible tokens (NFTs) that the resale platform had launched.

What is the Metaverse? (Meaning + Animated Examples)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

These NFTs were linked to physical sneakers and displayed Nike’s branding, which the company said could confuse buyers and create a false impression of a partnership.

Nike argued that these Vault NFTs misused its trademarks and damaged the brand’s reputation. StockX, however, stated that the NFTs were only meant to help track who owned physical sneakers and were not meant to suggest any official connection to Nike.

Nike updated the case to include allegations that StockX had sold multiple fake sneakers. The company said it had purchased shoes from the platform that failed to pass authentication checks.

In March 2025, the judge overseeing the case sided with Nike on part of the complaint. The court found that StockX had sold counterfeit products in several cases, specifically four pairs bought by Nike’s own investigators and 33 pairs purchased by another customer.

That decision strengthened Nike’s position ahead of the trial and increased pressure on StockX to settle.

Meanwhile, Fenwick & West asked a Florida judge to block efforts to update a lawsuit that claims the firm was involved in the events leading to FTX's collapse. Why? Read the full story.