In the lawsuit, Nike alleges that Drip Creationz is selling counterfeit Nike products, most notably “knockoff Air Force 1-style shoes,” that infringe on its trademark and iconic Swoosh logo.

Shown here is the “Murakami Drip” RTFKT x Takashi Murakami x Nike Air Force 1 Low that’s part of the NFT company’s Forging SZN 1 collection of virtual products. There are 10 different ...