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.

Do NBA Top Shot cards actually sell?

More than 800,000 Top Shot accounts have been established, resulting in sales of over $500million. NBA Top Shot has added almost 27,000 users and completed 80,000 purchases in just 24 hours. A single LeBron James highlight sold for a record-breaking $208,000.

How does NBA Top Shot make money?

At the very top of it all, profits from NBA Top Shot come from pack sales, where 100% of all money spent is revenue, and from the marketplace, where a 5% fee is taken from each exchange. If you sell a moment for $1,000, you pocket $950 while the other $50 goes to Dapper and its partners.

Is NBA Top Shot profitable?

Making money on NBA Top Shot is easy initially, but if you do not get packs, things slow down remarkably. If you can consistently get packs (and good cards), of course, it’s potentially insanely lucrative. Even where I’m at – turning $23 into $1,600 – that’s a pretty nice profit for very little investment.

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How much are top shots worth?

23, the combined market cap value of all moments on NBA Top Shot was roughly $1.9 billion—greater than the median value of an NBA franchise, according to Sportico. Dapper Labs, the company that makes Top Shot, recently raised funds at a valuation of $2.6 billion.

Can you trade NBA top shot moments?

In case you missed it, NBA Top Shot recently announced a new feature they will be rolling out over the next 18 months called “Trade Tickets,” which will allow you to trade in Moments you don’t like for “exclusive packs” that can only be purchased through the Trade Ticket system.

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.”

How do you become an NBA Top Shot?

1. Be on the NBA Top Shot list. The first thing to do is sign up to be notified when new registrants can register for an account here. Once you have an account, you can log in via the NBA Top Shot website, you can sign up to be notified via email when packs become available to buy.

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