Nike Files For ‘Virtual Goods’ Trademarks To Brand NFTs, Video Games

You’ll soon be able to wear your favorite pair of Nike shoes – in your favorite video game.

This is not the brand’s first foray into the virtual world. In May 2019, the Jordan brand partnered with Fortnite, where characters wore Nike-branded sneakers. Nike has also had several collaborations with the online gaming platform Roblox.

The company is still waiting on a patent filed in April 2019 for “Cryptokicks,” which Nike plans to use as a nonfungible token.

As Nike prepares for the virtual world, its physical world has most recently been impacted by supply chain issues. In its most recent earnings report, on Sept. 23, the company lowered its fiscal 2022 outlook to account for longer transit times, labor shortages and prolonged production shutdowns in Vietnam.

Nike shares are up 18% year to date, putting its market value at more than $265 billion.

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