The lower the serial number, the higher the value for a given moment in a series. As a result, iconic moments are normally the most valuable. ![]() The higher the value of a moment, the rarer it is. It’s theoretically possible to purchase a limited-edition pack and end up with a highly valued LeBron James or Zion Williamson moment, for which people are willing to pay six figures. They can also benefit from pack drops and maybe score something of value and profit from them.įor example, If you pay $230 for a limited-edition pack that includes a “legendary” moment, you’re already in wonderland. Theoretically, users can benefit by buying undervalued moments from collectors, waiting for their value to increase, and then selling them at a profit. How Do People Make Money From NBA Top Shot? Most Valued Listings – Via NBA Top Shot Still, Dapper Las, a Canadian blockchain technology firm, announced on Tuesday that it had risen $350 million in private investment, including some from current and former NBA players, including Michael Jordan, to expand its virtual NBA trading card platform. Via DappRadarĪ single LeBron James highlight sold for a record-breaking $208,000.Īccording to DappRadar, NBA Top Shot boomed in February, and after that, we see an overall downward trend in users, volume and transactions. NBA Top Shot has added almost 27,000 users and completed 80,000 purchases in just 24 hours. More than 800,000 Top Shot accounts have been established, resulting in sales of over $500million. NTFs, which are still the realm of cryptocurrency enthusiasts, have the best chance of going mainstream with Top Shot. Top Shot has Sold $187.3 million in the last month, according to crypto tracker CryptoSlam, this is a staggering 1,197 percent improvement over the previous 30-day period. Trading cards, on the other hand, are non-fungible because they cannot be duplicated and hold different attributes. A bitcoin, for example, is fungible, meaning you can swap bitcoins because they are exactly the same. The term “Non-fungible” basically means that it is one of a kind and cannot be replaced with something else, making it unique and of high value. Still, confused? Check out our in-depth article on NFTs. Marketplace maintenance has been far more sporadic in recent months, but work likely still needs to be done.Packs available on TopShot – Via NBA Topshotīut, what’s the big deal? Why is there such complications involving team sport? Well, NBA top Shot is an example of a major cryptocurrency trend known as non-fungible tokens or NTFs. In February and March, the marketplace was not operational 50% of the time some weeks. Here too, the platform has seen improvement. Gharegozlou said 99.9% marketplace stability was non-negotiable as well. The first two were processed in four days and the third, enacted Sunday, took just 24 hours. I conducted three withdrawals from my account during the reporting of this story as a test. While data is thin on turnaround times on withdrawals, users have indicated they have come down considerably from the 2 to 3 weeks they were earlier this spring. NBA Top Shot remains in beta, and Gharegozlou has said a wide-release (and wide marketing) hinges on Dapper improving user experience, including its planned game Hardcourt and implementing instant withdrawals, a major pain point for customers in recent months.Ībout 250,000 accounts, or nearly half of active accounts, have been passed through Dapper’s KYC checks and been granted access. Its blockchain, flow, is hosting myriad other projects being built by companies like Samsung, Warner Media Group and the estate of Dr. ![]() ![]() The weekly sales are higher than the combined marketplace activity on NBA Top Shot from July to December of 2020.ĭapper has grown far beyond NBA Top Shot and its previous NFT darling, CryptoKitties. That more than triples their next nearest competitor in the sports collectible market, Sorare, which focuses primarily on European soccer. Last week, among the worst for NBA Top Shot since January, there was $5.5 million in marketplace sales. While sales have cooled considerably, NBA Top Shot still dwarfs most other NFT collectibles in average weekly volume. ![]() And Georgiana Mirea, a veteran of American Express and Northwestern Mutual, was promoted to Senior Vice President of Digital Product Management. Senior Vice President of Communications Jackie Rubin, joined in May from Hasbro-owned Entertainment One. Notable hires include David Feldman, Dapper’s newly minted Senior Vice President of Marketing, who joins from the National Football League.
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