Why stockx Is Trending Today?

StockX, the sneaker resale platform, has raised $250 million in a Series E funding round, valuing the company at $3.8 billion. The funding was led by D1 Capital Partners, with participation from existing investors including General Atlantic and SoftBank. StockX plans to use the funds to expand its product categories and international presence.

Nike and StockX, prominent names in the sneaker industry, have reached a settlement, ending their three-year legal battle. The dispute centered around StockX's sale of Nike-themed non-fungible tokens (NFTs) and counterfeit shoes. As part of the agreement, StockX has withdrawn its NFTs and handed over 37 pairs of counterfeit Nike shoes. The resolution, reached just before a scheduled October trial, puts an end to the high-profile trademark fight between the two companies.