4/3/2023 0 Comments Shoe authenticator![]() ![]() The company has been valued at $3.8 billion and has several authentication sites across the globe. ![]() StockX, which promises "Guaranteed Authenticity," says it's different from other resale sites because all the products on its marketplace are physically inspected and authenticated before being delivered to buyers. "We look forward to defending our reputation and understanding why Nike, which once sought to collaborate in combatting counterfeits, now seeks to undermine StockX's business model." "Nike's recent allegations lack merit, demonstrate a lack of understanding of the modern marketplace, and display anticompetitive behavior that will stifle the secondary market and hurt consumers," StockX CEO Scott Cutler said in a statement. In its draft filing, StockX questioned why Nike waited until May to include its claims about the counterfeit sneakers. Nike said in its amended complaint that it obtained the dubious shoes through StockX from December through the beginning of February, just before it filed its initial lawsuit against the company. One of the pairs matched a StockX NFT, Nike claimed. Nike, which has been beefing up its own online business, added to its lawsuit last month, saying in an amended complaint that it was able to purchase four pairs of counterfeit shoes from StockX that were verified as authentic. StockX has argued it uses NFTs to track ownership of physical products as well as to increase efficiency and decrease costs for its customers. Nike, which had been preparing for its entry into the so-called metaverse for several months, started selling its own NFTs earlier this year, reaping huge sums. Nike sued StockX in February, saying the online marketplace's NFTs of Nike shoes infringed on trademarks and could confuse customers. The legal battle between Nike and StockX started over non-fungible tokens, or NFTs, which are unique digital assets that consumers can buy and sell. Nike and an attorney who has represented Nike in this case did not immediately respond to a request for comment. The authenticator should have published papers about the artist in question, curated galleries of works by this artist, and have studied the artist extensively in school."In the past, Nike has sought to collaborate with StockX and has communicated confidence in the StockX authentication process," the Detroit-based company said in the draft filing. You should find things in your Google search showing this person is an expert. Google the name of a potential authenticator. ![]() They should have a team of experts looking at your art instead of relying solely on their own appraisal.
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