#TOP SHOT NBA FREE#
There’s also some gamification with rewards – free Moments – for collecting sets, which encourages activity.
If a player has an exceptional run of games, their card values are likely to rise.
#TOP SHOT NBA SERIAL#
It depends on the clip, the player, whether it has a low serial number, and its rarity. However, there are many thousands of listings at just $2 for a single Moment. Although these are asking prices, there have been a small number of sales at this level. The marketplace features seven re-sale listings of Moments with valuations of $100,000 or more. Many packs are selling out within hours, creating urgency and FOMO. The quantities were smaller in the 2,000-3,000 range for earlier packs and sometimes less, making these rarer. The pricing of the direct sales of the Top Shot packs range from $9 to $230 dollars and currently, 25,000 units of each pack are released with a total of around 400,000 packs issued so far. This might mean a future where a large number of mainstream sports fans become token pumpers. From the start, NBA Top Shot has aimed to go beyond the cryptocurrency audience. But the app, which claims to still be in beta, suffers frequent downtime, and there have been many loud complaints about slow money withdrawals. So far, the game is a huge success in terms of trading. Before that, the company raised more than $51 million for itself and the Flow blockchain, including from Warner Music and Samsung. Ten days ago, The Block reported that Dapper was raising $250 million at a $2 billion valuation with Coatue Management as lead investor, although no announcement has been made as yet. With Bitcoin passing a trillion in market capitalization and frothy markets everywhere, Dapper got its timing right. It seems nonfungible tokens are the third major application to break through on public blockchains after cryptocurrencies and decentralized finance (DeFi). The NFT token standard was first created by Dapper Labs through its success with the CryptoKitties app back in 2017. And without the need to send physical memorabilia, the transfer is very quick.
With an NFT when a Moment is traded, its authenticity can be proven. Each Moment has a nonfungible token (NFT), which is unique to that specific Moment.
Much like physical cards, users won’t know what’s in the pack before they open it. A key reason for aiming at this broad audience is because the collectibles market is small, as we show later.īut what is NBA Top Shot? It sells packs of Moments – often five of them – which are video clips of basketball plays with animations. It’s one of the highest-profile dApps to target mainstream rather than purely cryptocurrency audiences. NBA Top Shot targets several types of consumers through a single app interface, including traditional card collectors, memorabilia traders, cryptocurrency enthusiasts, fantasy sports players, and even the sports betting crowd. Update: Five days after this article was published the cumulative transaction figure was $228 million, with $149 million in the last seven days. We estimate that Dapper’s revenues from this are $12 to $13 million. Less than $6 million was bought through direct purchases of digital basketball collectibles, with the balance traded through the secondary marketplace. Less than five months later, cumulative sales have topped $123 million for the blockchain collectibles, including $59 million from 67,000 users within the last week. In early October, blockchain startup Dapper Labs opened its NBA Top Shot collectibles app to consumers worldwide.