AsianFin -- Nike Inc. and online resale platform StockX have settled a three-year trademark dispute in New York federal court involving sneaker-linked NFTs and counterfeit shoes.

The agreement, reached Friday, comes more than six months after a judge found StockX had sold fake Nike sneakers. It cancels a jury trial slated for October and dismisses all claims with prejudice.

The resolution allows StockX to sidestep the risk of a costly verdict, while sparing Nike the uncertainty of testing its brand-protection strategy before a jury.