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Popular sneaker maker Nike has started the "licensed NFT" wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.According to a Reuters report, Nike has filed a lawsuit against the reseller in the New York Federal court demanding an
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekRussia to decide between blanket crypto ban
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Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cryptox report from Nov. 02 highlighted Nike's submission of requests for patenting the words — namesake, swoosh logo and just do
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“This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture,” Nike President John Donahoe wrote in a blog post. “We’re acquiring a very talented team of creators with an authentic and connected brand.
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Look at your feet. A lot of you (raises hand) are wearing Nikes right now. For the fiscal year ending May 31, 2021, Nike reported its revenue was up 19% to $44.5 billion for the year. But that’s here. What about in the Metaverse?Why Nike is interested in the MetaverseFor those
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Sports footwear and apparel manufacturer Nike is exploring the design of virtual materials featuring its iconic logo and slogan.According to Oct. 27 records at the U.S. Patent and Trademark Office, Nike has filed applications for its namesake, swoosh logo, and "just do it" slogan to be used in virtual goods for
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Being optimistic about the current fiscal quarter, Nike expects the European government to lift restriction bans in April.American multinational corporation Nike Inc (NYSE: NKE) has reported mixed financial results in its fiscal third quarter. The earnings result for the third quarter, which ended on the 28th of February, 2021, was announced by
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On Wednesday Nike (NKE) stock was up 8.76% adding $10.24 to its stock value and closed at $127.11.The performance of Nike Inc (NYSE: NKE) stunned Wall Street yesterday as the sportswear maker’s stock surged over 8.7% on Wednesday. According to MarketWatch, the Nike (NKE) stock got the lift following expectations
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Blockchain might help major apparel brands from Nike to Macy’s better share product data across the retail supply chain, according to a white paper Auburn University’s RFID Lab published Wednesday.The study, named the “Chain Integration Project" (CHIP), saw those retailers and others run Hyperledger Fabric nodes on a slice of
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Nike has recently become a patent holder for a new and innovative sneakers called ‘CryptoKicks.’ CryptoKicks use blockchain technology to attach digital assets such as cryptocurrency to a material product. They are the up and coming vision for Nike as the popularity of cryptocurrency grows in developed nations.In addition to
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