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Nike Slaps StockX With Lawsuit Over Alleged Sneaker NFTs Jig

HipHopWired Featured Video Source: Joe Raedle / Getty Nike does not play when it comes to its likeness or its products. StockX is the latest company to find that out. Per NiceKicks, the sportswear industry leader slapped the online sneaker resale website with a lawsuit in federal court on Thursday (Feb.3) for allegedly “selling unauthorized images of Nike shoes marking the latest lawsuit over NFTs and digital assets.” Related Stories The lawsuit claims that StockX’s Vault NFTs “infringe on Nike’s trademarks and will likely confuse customers.” Nike is seeking unspecified damages and is requesting an injunction blocking further sales of the NFTs. The complaint also states StockX sold unauthorized NFTs of its trademarked sneakers, telling customers they would be able to redeem the digital tok...

StockX, ESPN & The V Foundation Team Up For Charity Raffle Contest, Drake Golf Clubs Included

HipHopWired Featured Video Source: StockX / ESPN Drake plays golf?! Can’t say we can see him getting busy on the green like that but apparently Drizzy does have some NOCTA Taylor Made P·790 Irons and they can be yours thanks to a charity campaign courtesy of StockX and ESPN. Source: StockX / ESPN Partnering with the V Foundation, ESPN and StockX have come together to offer fans a chance to own some Drake Friends and Family golf clubs along with other sports memorabilia from some of your favorite sports figures such as Kevin Durant (signed Nike KD14 Floral sneakers), Noami Osaka (signed NikeCourt Air Zoom GP Turbo Naomi Osaka), and Mike “Coach K” Krzyzewski (Mike “Coach K” Krzyzewski signed Nike LeBron XVIII Duke PE). To get in on the raffle fans can donate $10 on the charity website a...

HHW Gaming: StockX Confirms Scalpers Sold A Ridiculous Amount of PS5 Consoles

HipHopWired Featured Video Source: Future Publishing / Getty StockX confirmed what we already knew about the PS5 console being sold on the online marketplace. There are still many gamers out there who don’t have a PS5 and have no clue when they can rectify that issue, being that Sony themselves aren’t so sure when production of the consoles will finally meet demand. One of the many reasons contributing to the fact it’s just so damn hard to buy a PS5 is because of scalpers, aka resellers on the internet. Video Games Chronicles reports the company has shared some eye-opening and infuriating data regarding the number of PS5 consoles sold in the United States. A ridiculous 55,000 units of the digital edition and 83,000 units of the disc edition have been sold on StockX alone. To make matters w...

Online Marketplace StockX Valued At $2.8B After Receiving $275M Series E Funding

Source: Cody Glenn / Getty StockX’s stock just went up…literally, and you could possibly get a piece of it very soon. Online marketplace StockX where you can cop anything from classic Jordans, designer clothing, and PS5 consoles, just announced its $275 million Series E funding, which will now push the company’s value to about $2.8 billion. Hypebeast reports that the company intends to use its new funding to expand further its global reach and new “product development efforts.” But, there are whispers that StockX’s new financing is helping the company prepare to go public. StockX’s CEO, Scott Cutler, spoke on the company’s new partners adding in a statement: “The quality of investors joining us is a clear signal that the market recognizes that there is an incredible opportunity in e-commer...

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