👟 Nike Accuses StockX of Trademark Infringement in Sales of NFTs. WSJ report the lawsuit, filed Thursday in New York federal court, is the latest dispute involving a brand over the sale of NFTs. Nike said the sale of NFTs based on recently released iterations of sneakers such as Nike Dunks and Air Jordans “are likely to confuse consumers, create a false association between those products and Nike” and dilute its trademarks, according to the suit. NFTs act as vouchers of authenticity on the blockchain for goods.
👮🏼♂️Sotheby’s and artist Kevin McCoy sued over sale of early NFT. The Art Newspaper report the dispute over 'Quantum', minted in 2014 using NameCoin and auctioned at Sotheby's in 2021. Confusion has arisen after the artist allegedly failed to renew his ownership of the item with NameCoin, enabling another individual to claim the NFT as their own.
Last week we wrote about President Biden's intention to bring clarity to the space through legislation and this may well be another justification to expedite the process. Quantum is regarded by many as the first NFT, therefore, it is not entirely surprising that difficulties have arisen with early examples.
⚾️ From ESPN, In August, a T206 Honus Wagner baseball card set the stratospheric record for most expensive sports card of all time when it sold for $6.606 million with Robert Edward Auctions. This weekend, SCP Auctions announced that they'd finalised the sale of a T206 Honus Wagner card for $475,960, or more accurately... half a card.
Despite the haggard appearance, missing jaw and absent shoulder, the Honus Wagner card achieved an extraordinary sales value. Tangible items continue to provide reassurance to certain collectors who prioritise provenance and a track record of desirability.
🚀Showpiece number two incoming!🚀 - We are beyond thrilled to launch Showpiece number two, click the link below to find out what it is...