Within 30 minutes of this news hitting Twitter, I’d say at least 15 people sent me the article in my DM’s or tagged me in the article…it doesn’t sound like a lot but tells me that a lot of people read what I wrote.
These things always take me a few days to process…my initial reaction was glee, because ‘good, those things are sh*t anyway’.
Second reaction was ‘wait, why am I advocating for Nike’s iron fist on the blockchain? I mean, I did something similar with my first few NFTs, does that mean I’m next?’
As stated earlier, I don’t think what @stockx is selling are actual NFTs (that’s why I was referring to them as NNFTs), but if Nike refers to them as such, does that automatically mean they are legally NFTs? IMO, @stockx is selling something more like shoe certificates…and if they marketed them as such - as ‘shoe certificates’ - would they have gotten away with it?
It makes me think about all the times people have said Nike and StockX are in cahoots with releases (looks like they’re not).
It makes me think the StockX legal team also tried to use the loophole I used when Sons and I created our first few card NFTs (the law hasn’t yet caught up to technology).
Mostly, though, this makes me think of where Nike is headed as the company we look to for inspiration, amongst other things. I like hearing that they’re planning a drop within the next month with RTFKT, but…why is nike spending so much time on lawsuits? Remember, this is at least the 5th or 6th high-profile lawsuit we’ve seen from Nike since the pandemic started… and it makes me wonder why a company with this much ‘cultural cache’ is worried about people building interesting stuff around their products instead of providing a better customer experience.
Anyway, I’m sure we’ll all learn more in the coming days…I’m very curious to see how it plays out. What do you think?