After following a conventional technology evolution curve for about 3–4 years, NFTs experienced a Cambrian explosion in 2021, and with it, exponential growth in volume and value traded, exceeding $20B.
Today intangibles constitute over $25 trillion of market value and represent almost 90% of the net worth of Fortune 1000 companies. This figure has grown steadily since the ‘70s as the network effects from intangible assets began to grow exponentially driving attendant returns for such intangible rights as brand,
Lots of ink has been spilled about NFTs (non-fungible tokens) and other digital assets — what they are, how they’re used and their potential. Here we focus almost entirely on that third bucket: the vast potential for NFTs and how they will likely shape the future of sports.
How much could a cluster of pixels possibly be worth? More pointedly, why is it worth anything at all? The explosion of NFTs and their accompanying marketplaces have left many baffled, incredulous, and deeply skeptical.
IT’S BEEN IMPOSSIBLE to avoid hearing about NFTs in recent months. Hype for the tokens—pitched as proof of ownership of a digital item—has reached a fever pitch, while billions of dollars have poured into the market for them.
The shifting tectonic plates that inspire earthquakes in the markets are interest rates. And for the entirety of Gen Z's lifetime, they've laid still at record lows. In the 1980s, consumers garnered 10% interest on a CD. That's a "certificate of deposi" for anyone under 30. For anybody 40 to 60 it’s still a "compact disc." But I digress.