The Future Of NFTs In Sports – The Situation After The Hype

The "Gartner Hype Cycle"1 describes a cycle that new technologies usually go through when they are introduced to the attention of the general public. According to this model, the introduction of a technological innovation is often followed by considerable hype, which arises due to exaggerated expectations. The so-called “Peak of Inflated Expectations” is ensued by a “Trough of Disillusionment”, which entails a considerable loss of value in assets based on said technology. Only then does the technology develop a second phase of productivity (“Slope of Enlightenment”) that results in lasting progress, a “Plateau of Productivity”.
*Wikipedia
The market for NFTs in general, and in particular for NFT collectibles in the sports industry, could rightfully be seen as a role model example of the “Gartner Hype” model. This article briefly explores
the last market cycle and the future of NFTs in sport:
- The “hype” followed by the “crypto winter”
- The future of NFTs in sports - the journey from “trading cards 2.0” to a fundamental, integrated technology
- New possibilities bring new (and old) legal questions
- Conclusion
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- Tags: Commercial | Crypto | Football | IP | Litigation | Metaverse | NFTs
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Written by
Dr. David Stadtfeld
David is a senior associate at Arnecke Sibeth Dabelstein.
Florian Baheri
Florian is a PhD Student and Research Assistant at ASD Sports.