Nearly two years ago the National Basketball Association (NBA) and its players union (NBPA) embarked on a partnership with Vancouver-based blockchain company Dapper Labs to develop a new digital platform called NBA Top Shot.
Is Top shot an NFT?
Dapper Labs will bring the Women’s National Basketball Association (WNBA) into the nonfungible token (NFT) phenomenon called Top Shot.
How much money does NBA Top Shot make?
Vancouver, British Columbia-based Dapper says NBA Top Shot has rung up $500 million in sales and registered more than 800,000 accounts since its public beta testing phase began in October.
Why is NBA top shot worth money?
NBA Top Shot has kept the prices on packs cheap enough where basically everyone who gets one is guaranteed to profit off it. That may not always be the case, but it’s the case at the moment. That’s one of the biggest differences between buying a pack of physical sports cards and buying a pack on Top Shot.
Can you make money on NBA Top Shot?
The Top Shot market is particularly volatile in response to the performance. So, you can make a quick buck by offloading after or even during a strong performance by a player. Each card has a serial number, and they have proven very important in the value of specific highlights.
How often do NBA Top Shot packs drop?
NBA Playoff Packs Release 2. Every Moment matters. Especially this time of year. And on Friday, you’ll get a chance to own not one, but two Moments from the 2021 postseason.
Should you open NBA Top Shot packs?
Therefore, keeping them unopened was not practical as releases sell out quickly. The Top Shot website tells us excitedly that this option allows you “to quickly buy packs before they sell out, then savor the opening later. This gives you that flexibility.”
Does NBA Top Shot use ethereum?
NBA Top Shot runs on the Flow blockchain developed by Dapper Labs after it suffered poor performance using Ethereum with CryptoKitties back in 2017. Flow now has 2,000 developers building on the platform.