Users can purchase packs during specific timeframes that range from $9 (common) to $230 (legendary) each. Speaking of sales, as is the case with collecting trading cards, there’s the potential for financial gain that serves as an incentive to get involved. A collection of moments can start in the aforementioned marketplace where users can simply buy these clips off other users. One extreme example of how much money someone could make from this stems from a LeBron James posterizing dunk on Nemanja Bjelica in 2019. That moment sold for $208,000 less than a week ago, from a user named “Sparky_24” to another named “jesse.” NBA Top Shot is an online company launched by Vancouver-based blockchain company Dapper Labs, and backed by the NBA, that allows users to procure a collection of digital basketball highlights, and then show off that collection to others.
What you should know about the new NBA craze in digital investing
In order to buy an NBA Top Shot moment, you’ll need to put some funds into your Dapper account. NBA Top Shot is the latest crypto collectibles craze, in which the most iconic moments in NBA history are turned into non-fungible tokens, or NFTs. Sets capture a theme, like our tribute to dunks called “Throwdowns” and “Rising Stars,” which spotlights rookie sensations and sophomore studs. The Base, Metallic Gold LE, and Holo Sets represent our flagship Common, Rare, and Legendary collections across each Series, or season.
- Issues in the physical card industry, such as condition and authenticity, need not be accounted for on Top Shot thanks to the blockchain.
- The Base, Metallic Gold LE, and Holo Sets represent our flagship Common, Rare and Legendary collections across each Series, or season.
- There’s been many examples of sudden investing booms turning out to be nothing more than a house of cards, but one doesn’t need to look any further than Dapper Labs — the blockchain company which runs the wallet that NBA Top Shot uses — as an example.
Own Your Favorite NBA Memories
Sets capture a theme, like our tribute to dunks called “Throwdowns” or “Rising Stars,” which spotlights rookie sensations and sophomore studs. The Base, Metallic Gold LE, and Holo Sets represent our flagship Common, Rare and Legendary collections across each Series, or season. NBA Top Shot is where basketball lovers come to celebrate, relive and collect the best plays they’ve ever seen.
What is NBA Top Shot? Explaining the Blockchain NBA highlight collectables
It’s likely no other American sports league can boast more about the type of relationship it has with its own fans, especially ever since Adam Silver took over as commissioner. “Then I paid some attention to Top Shot’s user base grow insanely fast all while on a glitchy beta platform,” he continued. “Coupling that with the clear support of the NBA, I was at least sold that the idea had a legitimate chance to scale.”
Buy your first Starter Pack!
You sign in via Google or email, then provide your telephone number and verify it. Dapper then provides you with a code that you need to keep safely in case you lose access via the device you’re on. It’s important to write this down somewhere and keep it in a safe place, as it controls access to your account. Each Top Shot features a moment from basketball history, in the form of a short video clip. This website is using a security service to protect itself from online attacks.
An NFT is a special type of cryptocurrency token that’s cryptographically unique—meaning that, like physical collectibles such as trading cards, they have a limited supply. And they’re becoming a worldwide phenomenon—with NBA Top Shot leading the way. NBA Top Shot turns electrifying, internet-breaking NBA and WNBA highlights into officially licensed one-of-a-kind digital items that you own, called Moment™ NFTs.
“When I heard of NBA Top Shot in January, I bought a pack and the nostalgia immediately hit. As an NBA fan, owning specific moments from my favorite players was a concept that was so cool. I’ve been collecting moments ever since.” In Top Shot’s own words, it is providing “next level NBA collectibles.” In other words, this whole experience can be generously compared to card collecting, just in a digital format. It’s what initially drew many to the process, including Alex Xu, a member of the founding team at 0x.org, a not-for-profit that helps developers build their own decentralized cryptocurrency exchange. The process to purchasing these packs are similar to queuing up to buy something at any store. You have a reserved spot in a digital line based on when you click the link to purchase, and if there is still product remaining at the time your position in line comes up, you get to purchase a pack. NBA Top Shot is a blockchain-based platform that allows fans to buy, sell and trade numbered versions of specific, officially-licensed video highlights.
Once you’ve registered with Dapper, you can go straight to NBA Top Shot and use the account to sign in. With the increased attention, https://cryptolisting.org/ prices for NBA Top Shots are rising. Current prices range from $14 for a Rudy Gay dunk to $240,000 for a Ja Morant dunk.
Creating a Dapper account gives you a wallet that stores funds and enables you to purchase crypto collectibles. NBA Top Shot is for hoopers, hoarders, stat heads, traders, gamers and every flavor of fandom in between. Your first pack of Moments is a gateway to a new way to enjoy basketball that gives you complete control reporting and analyzing receivables to collect what you love, sell what you don’t, and connect with a global community of fans and athletes. Daily fantasy users were early adopters of Top Shot, which has already developed a weekly fantasy game for moments, called Swyssh. Hypothetical matchups can be simulated thanks to the digital nature of the item.
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