NBA Top Shot: What’s All The Buzz About?

by Gordon James

NBA Top Shot from Dapper Labs (the team behind Crypto Kitties on Ethereum) is a forward-thinking cyber wonder that is taking the sports card industry (and, of course, the idea of a blockchain marketplace) by storm.

In July 2019, the National Basketball Association, NBA Players Association and Dapper partnered to create NBA Top Shot, a revolutionary new experience where breathtaking games and memorable moments become collectibles to own forever, said Dapper Labs CEO Roham Gharegozlou (sic).

Before you get too fixated on the NBA Top Shot, let’s define it. If you are familiar with NFT projects, this should not be a problem.

NBA Top Shot, a platform with blockchain roots (based on Flow), allows fans to buy, avenge and number certain clips from officially sanctioned games.

A variety of NBA highlights or moments are presented in digital packs and sold exclusively on NBATopShot.com. The moments, technically unreadable markers (or NFTs), act as digital certificates that collectors can use to prove ownership of a video footage. Basically, it’s the NFT, before the NBA.

These collectibles are packaged and sold at various locations, as shown:

  • Regular Moments (over 1,000 digital copies):  With a starting price of $9 (lowest price) for nine minutes (example). Fans can buy them in generic packages.
  • Rarity (150-999 electronic copies) : They can be found in Rare Packs starting at $22 and include seven common moments and one rare moment.
  • Legendary (25-99 e-copies) : As the name of the Legendary Packs suggests, they cost $230. For example, Top Shot has six ordinary moments, three rare moments, and one legendary moment.
  • Platinum Ultimate (3 digital copies) and Genesis Ultimate (1 digital copy): They can only be obtained through auctions.

How the NBA Top Show works The best shots in the NBA explained

The NBA outsources the rights to its allotments to Dapper Labs, which then scans and determines the number of allotments to be sold and numbers them accordingly. The highlights will be loaded into digital packs (similar to regular trading cards) and, as we just mentioned, the packs will be sold on the official NBA Top Shot site for prices ranging from $9 to $230. The price of the package depends on the quality of the occupation, the fame of the player and the absence of the card. After purchase, the highlights go into your wallet to be displayed or resold on the NBA Top Shot marketplace.

Yes Morant’s $100,000 card on the open market is currently being courted by Aron Baines, his Rookie of the Year diver from last season.

It brings traditional collecting into the modern, global age, Garegozlow told Action Network. All markets are futures markets and are international. You don’t have to wait for the card to be estimated or delivered, nor do you have to worry about counterfeits.

How are sales of NBA Top Shot going?

NBA Best Shot sale

From the beginning, all the fans in the world were lining up (virtually, of course) to get the coveted virtual tickets, but most of them were disappointed.

More: People are getting rich! The lucky supporters who doubled, tripled or multiplied their winnings in the site’s marketplace. According to The Action Network, NBA Top Shot has already generated $180 million in market revenue, with more than 60% of that coming in February 2021. (As you read this, the numbers are growing).

Although players also receive some of the revenue through Dapper’s partnerships with the NBA and the AP, some players buy their moments. In August 2020, Dapper Labs announced a $12 million funding round with investors including Spencer Dinwiddie of the Nets, Aaron Gordon of the Magic and JaVale McGee of the Cavs.

A recent $208,000 clip of a LeBron James dunk is a real seller! Zion Williamson’s edition was a little smaller. …Trading trading cards is worth $5 to $6 billion a year, Garegozlow told the Action Network. I don’t understand why we can’t get to the point where this one deal costs a billion dollars.

Best in Show NBA: To buy or not to buy

Every investment (locked-in or not) has its share of return and risk. The prices of the best spots fluctuate according to demand, scarcity and other factors.

But the company has systematically ironed out all the wrinkles. Michael Ferguson, an avid Ohio card collector, CEO and founder of Rated Rips (an online card store), talks about NBA Top Shot: It’s still hard to understand because they are so new and still have some issues to work out. But it’s amazing how much money you can make on this platform. I can’t believe people pay for these moments. It’s a fascinating idea. This is a great opportunity given the high prices on the ticket market right now. The only problem today is that it’s almost impossible to get packages because they sell out in an instant. I’m trying to get through. The first pack I bought cost $9. I took the LeBron off and sold it for $380.

The difference with the numerical element is that you don’t have to prove it’s [real]. It is the blockchain that provides authenticity. (sic)

NBA Best Shot

1 : 2019-20 LeBron James Space Dunk – $208,000

  • Serial number: #29 of 49
  • Current owner: Jesse
  • Date of sale : 22. February 2021

The biggest sale of an NBA snapshot to date is a dunk video of LeBron James that lasted no longer than a few dozen seconds and sold for a whopping $208,000 in February. An NBA Top Shot user named Jesse paid an astronomical amount for this shot. The video is truly one of the best shots in NBA history.

2: 2019-20 Zion Williamson Holo MMHH Block – $100,000

  • Serial number: #1 of 50 (T-shirt number)
  • Current owner: Sass
  • Date of sale : 25. January 2021

This moment shows rookie Zion Williamson defending the rim with determination and authority as he handles the ball during a game against the Denver Nuggets on Oct. 24. January 2020. The moment was sold to NBA Top Shot for $100k. Jeremy Levine, a well-known figure in the sports market.

This is the first sale, as it was recovered from a holo-pack sold by user MatthewWoodsi. It’s special because it’s the serial number of moment #1, which is the number of the Zion t-shirt.

3. 2019-20 LeBron James over the block – $100,000

  • Serial number: 1 of 59
  • Current owner: spicy_seal2934
  • Date of sale : 25. January 2021

With the sale of Zion, this moment LeBron With the top went for $100K, the maximum moment can earn and then in the market NBA top shot. It has now risen to $250,000. Like Zion Moment, this was LeBron’s first sale of this collectible: User j1mmy took him out of the box.

4. 2019-20 LeBron James throws a dunk – $100,000

  • Serial number: 1 of 275
  • Current owner: Greek
  • Date of sale : 21. February 2021

User greekfreak bought this moment serial number #1 LeBron. This version has more moments available compared to the other LeBrons on this list, but the highest number still went for an insane price.

The moment was bought by user Pranked, the biggest seller on the early NBA Top Shot market. To date, he has generated over $4 million in sales and spent $348,000 on purchases.

5 : 2019-20 LeBron James Holo MMXX Dunk – $99,999

  • Serial number: #12 of 32
  • Current owner: flamboyant_mangosteens7204
  • Date of sale: 4 February 2021

This moment was also sold by Pranked, who came out of the party.

6: 2020-21 Steph Curry Deck Hoop Handles – $85,000

  • Serial number: 1 of 40
  • Current owner: DeepThreePointer
  • Date of sale : 22. February 2021

DeepThreePointer acquired Steph’s most extortionate moment for $85,000. He bought it from user Alex, who took it out of the box.

7: 2019-20 Giannis Antetokounmpo Holo MMHH Dunk – $85,000

  • Serial number: #34 of 50 (T-shirt number)
  • Current owner: Librarian
  • Date of sale : 21. February 2021

In this video, the most popular player in the NBA, Giannis Antetokounmpo, shows off his incredible talent. At the game on the 16th. November 2019 he climbs up to crumble the ground with his left hand. For example, he defeated two Indiana Pacers defenders with great authority. NBA Top Shot Librarian user bought this moment for $85,000 from user Raffle.

8 : 2019-20 LeBron James on top of the dunk – $80,000

  • Serial number: #35 of 59
  • Current owner: light driving
  • Date of sale : 22. February 2021

Another LeBron for $80,000, this time from an easyaces user who bought it from j1mmy who took it out of the package.

9 : 2019-20 LeBron James over the block – $78,000

  • Serial number: #23 of 59 (T-shirt number)
  • Current owner: Vegasfinds777
  • Date of sale : 26. January 2021

This moment LeBron is so expensive because of the jersey number above. Taken from the package, this moment was also sold in the raffle.

10: 2019-20 LeBron James on top of the dunk – $71,455

  • Serial number: 1 of 59
  • Current owner: andy8052
  • Date of sale : 23. January 2021

25. LeBron’s Top #1 serial number from January immediately removed from a package sold by Basketball Mikey went for $100k.

What lies ahead

Earlier this month, Dapper raised $250 million and is now valued at $2 billion. plans to further develop its blockchain, Flow. Tedman, one of the creators of Top Shot, said the company currently has about 350,000 registered users and that Flow is better able to handle the capacity of the high-yield market compared to its CryptoKitties product.

She said the company had launched 5,000 new packs of flagship products this week to test Flow and that 90,000 people had queued to buy them, giving Flow a good test score: It’s like you hid the trading cards in the bag. This in itself is a game for the release of a mobile game.

The mobile game, set to launch in 2021, will allow consumers to build rosters similar to the NBA, collect NFT moments and then compete online with the ability to collect rarer and more valuable NFTs. This could be an opportunity to combine your interest and love of sports – in this case basketball – with your interest in new technology and financial experiences like cryptocurrencies and NFT, Richardson said.

Investors like Dallas Mavericks owner Mark Cuban and influential entrepreneur Gary Vaynerchuk say this is the future. StarStock and Otis (trading cards and collectibles) are different from TopShot, but also offer a futuristic perspective.

In 2051, LeBron James’ NFT could be worth as much as Mickey Mantle’s 1952 Topps card is worth today ($5.2 million). Can you estimate how much a rare Michael Jordan rookie NFT will sell for in, say, the next 30 years?

The NBA Top Shot team wants basketball fans to just reward the platform. While we strive to add more vintage games and moments to keep the collection going and drive us all crazy!

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NBA Top Shot: What’s All The Buzz About?

. He is one of the early proponents of blockchain and cryptocurrencies in India. After being in the industry for several years, he founded IBC in 2016 to help other early adopters learn about the technology.
Before joining CBI, Hitesh founded 4 companies in the field of cyber security and IT.

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