The trademark infringement suit was filed in New York on Thursday.
Nike alleges that the use of unauthorized Nike-branded Vault NFTs will confuse consumers and “create a false association between those products and Nike, and dilute Nike’s famous trademarks.”The case represents one of the first major legal disputes to emerge in the realm of virtual goods. In the last few months, multiple brands have announced forays into the metaverse, either via virtual games, products or NFTs.
“The existing registrations that they have on these brands do not cover virtual goods because virtual goods was not a thing five or 10 years ago,” explained trademark attorney Josh Gerben of
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Utah reports 3,482 new COVID-19 cases Thursday; 10 new deathsThe Utah Department of Health on Thursday reported 3,482 new COVID-19 cases and 10 additional deaths, although two of the deaths occurred before Jan. 1.
Read more »
Aleshea Harris's New Play, On Sugarland, Is Poised to Shake Up New York Theater'I was very consciously aware of the narrow perceptions of how Black women could exist onstage. And I started to feel like maybe I could be the one to make something different.'
Read more »
KRH's new chief strategist makes case for a 'new' New Deal for web3With the potentially thorny political and regulatory backdrop of legitimizing crypto in law, Lehane has the credentials for the challenge.
Read more »
Biden vows not to 'abandon our streets' during New York City visit focused on violent crimePresident Biden called for more funding for law enforcement and anti-violence programs during a visit to New York City to grapple with increasing crime
Read more »
Abandoned New York home goes up for sale for only $2,000Finally, some affordable real estate in New York!
Read more »