![]() You don’t need to know anything about blockchain or crypto investing to use the marketplace. Dapper Labs designed NBA Top Shot with people new to cryptocurrency and NFTs in mind. Past performance is not a reliable predictor of future results, especially if the market is cooling off. While some early adopters have amassed collections worth millions, these NFTs are like any investment. “Preventing the overproduction of certain moments is good protection against the market crashing because of oversupply, similar to collecting baseball cards in the 90s.”Ĭryptoslam!, a site that tracks NFT sales and values from various online marketplaces, including NBA Top Shot, had several Moments listed for as little as $4 at the time of writing. “Blockchain technology lets collectors see who previously owned each moment, how much it was sold for, and how many moments are in circulation,” says Jesus Castellanos, a fund manager at cryptocurrency investment firm R.F. Moments produced in greater quantities, or featuring lesser-known players, aren’t worth as much as a LeBron dunk. Like physical trading cards, Moments’ value depends on supply and demand. There’s no shortage of epic tales of iconic NBA Top Shot Moments selling for astounding prices. NBA Top Shot also hosts a healthy secondary marketplace where fans can buy, sell, trade, or gift packs or individual Moments. Only verified users can make purchases with a credit or debit card (Visa or Mastercard) or their crypto wallet with Ether, Bitcoin and Bitcoin Cash, and the Ethereum variations of Dai and USD Coin. Wondering how you can snag a Moment of your own? First, you need to sign up and get verified on the official NBA Top Shot marketplace. The scarcity is somewhat manufactured since NBA Top Shot releases Moments on its website in digital packs via limited events called “Drops.” Drop times vary, so users have to stay tuned for announcements. So, getting a Moment that’s 1 in 49 is more valuable than one that’s 1 in 11,000. Like trading cards, Moments are finite, and NBA Top Shot determines how many to release at once. NBA Top Shot users can purchase a starter pack of Moment NFTs for $9, giving the buyer a 0.024% chance of getting a more valueable “Legendary NBA All-Start Classics” Moment. Of course, not all Moments are that expensive. One of those minted Moments is currently on sale for $1 million. Rare Moments from top players can go for hefty sums, while others sell for just a few dollars.Ī Moment of a LeBron dunk against the Houston Rockets, for instance, fetched $387,600 last year.Īccording to the site Cryptoslam!, one of the most valuable NBA Top Shot Moments is a LeBron dunk from a Nov. Like all NFTs, a Moment is only worth what a buyer is willing to pay in the secondary market. What Can You Expect to Pay for NBA Top Shot Moments? It’s that pride of ownership that sets NBA Top Shot Moments apart. You can go online and print a copy of the Mona Lisa, but it’s nowhere near as valuable-or prestigious-as owning the real thing. NFTs are like a certificate of authenticity: The technology behind them makes it difficult to replicate or counterfeit them. There’s also the cachet of owning a piece of basketball history. #Nba top shot account tracker serial numberLike other NFTs, which represent real-world items from art to in-game items to music, each Moment is an NFT that’s officially licensed by the NBA and minted with a unique serial number and data, including game and player stats. #Nba top shot account tracker for freeSo why would anyone pay money for video highlights they can watch for free on YouTube? On its surface, a Moment is simply a video clip of a specific play-a LeBron James dunk or Steph Curry layup, for example. The rarer the video clip, the higher its potential value as a collectible. Much like conventional sports trading cards, Moments increase value based on their rarity. Moments are the video highlight clips sold as NFTs on NBA Top Shot. Data from NFT marketplace tracker DappRadar suggests that more than half a million NBA Top Shot had exchanged a total volume of nearly $1 billion on the platform since its inception. The Flow blockchain supports transactions on a range of other sports NFT marketplaces, like NFL All Day and UFC Strike.Īs of September 2021, NBA Top Shot had more than 1 million registered users. The platform is run using Dapper Labs’s Flow blockchain, and gives users the ability to trade digital assets based on video clips from NBA games. High-profile investors include the NBA legends Michael Jordan, Kevin Durrant and Klay Thompson. Launched in 2020, NBA Top Shot is a partnership between the NBA and Dapper Labs, the creators of CryptoKitties. NBA Top Shot is an NFT marketplace where sports fans can buy, sell and trade basketball video clips. ![]()
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