StockX responds to allegations of selling bootleg sneakers from Nike | The latest hip-hop news, music and media
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StockX has responded to Nike’s claims that it sold the brand four pairs of bootleg versions of their sneakers. The online market and the resale brand basically say: don’t believe the hype.
According to StockX, Nike itself has expressed confidence in its authentication process and says the latest lawsuit amounts to sour grapes on its lawsuit against its Vault NFT program. They went so far as to say they can’t be too mad at the work they’re doing considering its own employees are using it.
“We take customer protection very seriously and have invested millions to combat the proliferation of counterfeit products that virtually every global market faces today,” StockX said in an official statement shared with Hip-Hop Wired. . “Nike’s latest case is not only baseless, but also puzzling given that their own brand protection team trusted our authentication program, and that hundreds of Nike employees – including executives current superiors – use StockX to buy and sell products.”
StockX has grown into a huge brand itself, expanding from selling sneakers to mobile electronics, streetwear and commerce, like the aforementioned NFT foray. The relatively new kid on the sneaker block adds that Nike’s moves prove he’s out of touch.
The statement continued, “This latest tactic is nothing more than a panicked and desperate attempt to resurrect his losing lawsuit against our innovative Vault NFT program which is revolutionizing the way consumers can buy, store and sell collectibles. safely, efficiently and sustainably. . Nike’s challenge has no merit and clearly demonstrates their lack of understanding of the modern market.
Yeah, it’s not over.