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

NFT Futurescape
Thursday, 09 November 2023 Author: Dr. David Stadtfeld, Florian Baheri

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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Written by

Dr. David Stadtfeld

Dr. David Stadtfeld

David is a senior associate at Arnecke Sibeth Dabelstein. 

Florian Baheri

Florian Baheri

Florian is a PhD Student and Research Assistant at ASD Sports.