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If you are new to nft, you will often be asked “Do you have an nft pack?” And “How do you open the nft package?”. Let’s take a look at what NFT packs are, the many types of digital packs available, and how digital trading card packs work. For manufacturers, we will show you how to buy an nft package and create an nft package that you can quickly sell to others.

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Talk to any NFT enthusiast about how they first formed an interest in the technology, and there’s a good chance they’ll mention the National Basketball Association’s Top Shot digital collectible platform.

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The joint venture between the National Basketball Association (NBA) and non-fungible powerhouse Dapper Labs (the creators of the CryptoKitties NFTs) has ballooned exponentially since its 2020 launch. And it’s easy to see why. Top Shot created a space where individuals interested in NFTs, collectibles, and — most importantly — basketball can converge to trade pieces of sports history. This brought people closer than ever to their favorite teams, players, and sports moments.

Whether you’re an NBA Top Shot newbie or advanced NFT collector, here’s everything you need to know to get involved and make an informed choice about collecting.

The NBA has recently teamed up with Dapper Labs to create a digital version of NBA trading cards. However, these digital collectibles aren’t cards at all.

Instead they’re collectible in-game highlights from NBA players called Top Shots. NBA Top Shot releases packs of Top Shots on its website every so often, and they sell out quickly. The technology that makes these digital collectibles possible are non-fungible tokens.

• NBA Top Shots NFTs
• How to Buy NBA Top Shots NFT
• Best Crypto Wallets
• Best Cryptocurrency Exchange Platforms
• Current Crypto Prices
• NBA Top Shots or Traditional Cards?
• Frequently Asked Questions

Roham Gharegozlou has been betting on the potential success of NFTs for years. This year, it happened.

We caught up with the Dapper Labs CEO at TechCrunch Disrupt 2021 last week to discuss the challenges facing the crypto space, the future of Ethereum and how quickly NFTs blew up this year.

Определить стоимость довольно просто. В NBA Top Shot очень удобный маркетплейс. Ты нажимаешь на карточку и система сразу показывает тебе количество таких моментов на рынке.

Открываешь момент и там сразу появляется перечень, сколько стоят карточки с разными номерами. Есть возможность выбрать нужные номера и посмотреть цены по ним. Также маркетплейс сразу показывает минимальную цену момента.

Каждая карточка выпущена определенным тиражом.

В зависимости от тиража, все NFT на платформе разделены на 3 вида:

Обычные (Common) — тираж от 10 000 карточек;
Редкие (Rare) — тираж от 150 до 4 999 карточек;
Легендарные (Legendary) — тираж от 25 до 499 карточек

Чем меньше тираж, тем дороже NFT. У карточек есть порядковый номер, например 1/500 или 742/2000. И чем красивее номер, тем дороже карточка.

Категории редкости NFT в NBA Top Shot

На скриншоте изображены категории редкости карточек. Слева направо: обычная, редкая и легендарная. Под категорией написан тираж.

При этом у одного баскетболиста могут быть карточки с одинаковым моментом, то есть типом движения. Но эти моменты будут выпущены разным тиражом и содержать видео из разных матчей. Поэтому, какой-нибудь трехочковый бросок Леброна Джеймса может стоить как $50, так и $5000.

Определение стоимости NFT в маркетплейсе NBA Top Shot

В итоге все довольно легко: ты получил карточку, кликнул на нее и видишь, что минимальная цена, например $100. Сразу понимаешь, что цена будет плюс-минус такая же. Если номер карточки крутой, например 1 или 11, то ее ценность будет выше. Тут уже смотришь по рынку, сколько она будет стоить.

Навигация по записям

NFTs celebrating significant basketball moments from the mid-2000s have proved to be a big hit among NBA Top Shot collectors.

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According to Crypto Slam, daily volume on NBA Top Shot’s marketplace jumped by more than 440% from $829,520 on Thursday to more than $4. 5 million the next day. Saturday also saw more than $4 million worth of tokens trade hands. NBA Top Shot’s NFTs feature video highlights depicting key moments from the history of professional basketball, with the latest packs celebrating the stars of the 2005–2006 season. On Sunday, NBA Top Shot tweeted that nearly 10,000 “Run It Back 2005-06” packs had been sold in 24 hours at a rate of seven purchases per minute.

The packs started at $169 each, with collectors competing to snag moments depicting basketball legends such as LeBron James and Shaquille O’Neal. NBA Top Shot’s packs feature three tiers of rarity ranging from “common” to “legendary. ”Crypto Slam data shows that the NBA Top Shot marketplace has hosted a whopping $744 million worth of secondary sales since July 2020. NBA Top Shot trade activity peaked during the first quarter of 2021, with $45. 7 million worth of trades occurring within 24 hours on Feb. While more than $200 million worth of NBA Top Shot NFTs changed hands during the months of February and March, the monthly volume has since retraced sharply, with approximately $20 million of trades taking place during September and October. After its weekend surge, NBA Top Shot is ranked as the third-largest NFT project by daily secondary volume, with more than $2. 5 million in tokens trading hands in the last 24 hours, according to Crypto Slam. Axie Infinity ranks in first place with $18. 6 million worth of trades for the past day, while CryptoPunks is second with a 24-hour volume of $6. 2 million. In late September, Dapper Labs, the team behind NBA Top Shot, announced plans to branch out beyond basketball and launch an NFT platform and marketplace in partnership with the National Football League (NFL). Dapper Labs is currently targeting to have completed its first NFL drop by the end of 2021.

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Украсьте кольца легендарными моментами

Be it LeBron James’ epic chase-down rejection, Robert Williams’ punctuation with a slam, or Michael Carter-Williams’ 2013 dunk – Top Shot has made it possible to own, sell and trade these special game memories.

What is the NBA Top Shot NFT collection?

NBA Top Shot is an online marketplace where you can buy and sell NFTs that represent the most iconic in-game highlights of several NBA players. Each NFT is a video clip called a ‘Moment’. These Moments are licensed by the NBA and contain the game and player stats and a unique serial number. The rarer and more iconic the moment, the higher its value and the price it demands. The platform also has moments from other basketball leagues, such as the NCAA and WNBA.

These digital cards are minted in packs. Each pack contains different moments of varying rarity – just like a physical pack of trading cards. The packs themselves also vary in rarity. Base packs usually contain common cards that sell for as little as $9. On the other hand, rarer packs contain special moments and sell for upwards of $250. An example of a rare pack would be the All-Star Series, a set that features the Top Shot Moments from some of the best NBA players of all time.

As mentioned earlier, each card also has a serial number. A lower serial number means that there are fewer copies of that card in existence, making them more sought after. For instance, a LeBron James Dunk with a serial number of 6 would be way more valuable than a Damian Lillard moment with the serial number of 12.

How to buy NBA Top Shot Moments?

Can you make money on NBA Top Shot?

Good question. As you already know, epic moments sell for epic prices, and such cases are aplenty. The value of a Moment depends on its supply and demand. Any Moments generated in larger quantities won’t be worth much. However, rare cards generally appreciate in value. Therefore, holding on to a rare pack could fetch you handsome rewards in the future. For instance, a LeBron James dunk once sold for $208,000 on 22 Feb 2021.

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NBA Top Shots NFTs

The NBA Top Shots are digital collectibles that may be the next evolution of trading cards. However, these collectibles hardly resemble a physical NBA trading card. Top Shots main feature is player highlight video clips.

For example, the Lebron James Dunk Top Shot features Lebron James dunking on the Houston Rockets. This Top Shot is particularly sought after and extremely limited –– the highest sold edition sold for north of $200,000. Other Top Shots are as cheap as $5, and you can view the transaction history for each collectible to get an idea of how its value has changed over time.

How to Buy NBA Top Shots NFT

• Buy a wallet (optional).
• Buy a piece from the collection.You can either buy singular Top Shots on the secondary marketplace or purchase card packs from NBA Top Shots directly. Currently, all card packs are sold out and often sell out extremely quickly after the release.NBA Top Shot has 2 types of card packs: a base set and a Rising Stars pack. The base set sells for $9, while the Rising Stars pack retails for $199 and gives you a much better chance at a rare collectible.If you’re unable to buy a pack of Top Shots when they’re released, then you’ll need to buy the collectibles on the secondary marketplace. Purchasing from the secondary marketplace also lets you choose which card you want to buy.

Best Crypto Wallets

Here are the best software and hardware wallets to store your NBA Top Shot NFTs.

Best Software Wallet

The safest way to store your NFTs and cryptocurrency is with a hardware wallet. Hardware wallets are physical devices that store your cryptocurrency offline, making it impossible for your assets to be stolen by online hackers.

Ledger is one of the most well known hardware wallet producers on the market. They offer a few products, most notably the Ledger Nano S and the Ledger Nano X. Both these hardware wallets serve the same function, but the Nano X is Ledger’s more premium wallet.

The Ledger Nano S comes in at an affordable price for most crypto investors, coming in at just over $50. If you opt for the Ledger Nano X, expect to pay north of $100.

Best Cryptocurrency Exchange Platforms

Cryptocurrency exchanges let you purchase crypto using your bank account. In order to buy Ethereum, Bitcoin or Bitcoin Cash, you’ll need to use a cryptocurrency exchange. Alternatively, if you know someone who owns cryptocurrency, you could buy it directly from them and have the seller send the crypto to your cryptocurrency wallet.

Some popular exchanges that make it easy to buy and sell cryptocurrency are Gemini, Coinbase and eToro.

Coinbase is especially secure. It stores 98% of investors funds in a hardware wallet, leaving the other 2% on the exchange for liquidity. These exchanges all have easy to use interfaces and support all 3 of the cryptocurrencies that NBA Top Shots accepts.

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Current Crypto Prices

Non-fungible tokens have gained popularity alongside the current cryptocurrency bull market. The entire cryptocurrency market cap has appreciated hundreds of billions of dollars this year alone.

Typically, large market capitalization cryptos are less volatile than small market cap coins and are regarded as a less risky investment. To get an idea of the cryptocurrency market sentiment, you can monitor how the price of large cryptocurrencies like Bitcoin and Ethereum are moving.

NBA Top Shots or Traditional Cards?

Since NBA Top Shots are digital collectibles, they can offer more than traditional trading cards. These collectibles are cube-shaped, and each face of the cube has different features. The collectibles feature in-game clips of different basketball players, as well as game records and a picture of the player featured on the card.

If NBA Top Shots replace NBA playing cards in the future, the initial releases will likely be worth a lot of money someday, like rare trading cards from the 1950s.

Frequently Asked Questions

When did NBA Top Shot start?

NBA Top Shot started in October 2020. Since its inception, the company has transacted over $230 million of Top Shots on its website. The company is a joint venture between the NBA and Dapper Labs, the developer of the popular crypto game, CryptoKitties.

What Are NFT Packs?

Non-fungible tokens can be bundled together and sold as a group at once. The actual trading card packaging at the retail store is represented by the NFT pack template. These digital trading card packs use animations to mimic the opening of a box and display artwork. Like a real trading card, you can buy it at trade fairs and collectible toy stores.

Types of NFT Card Packs

As a collector, you’ll come across several sorts of nft packs, and it’s up to you to decide which are worth investing in in the long run.

• Sports Digital Packs
• Video Game Digital Packs
• Collectible Digital Packs

Here’s a list of the best nft packs you’ll find and the different kinds to expect:

SoRare — Soccer NFT Packs

These Soccer NFT packs include a total of 245 clubs when released. Therefore, the total number of NFTs available is 1,111.

Breakdown of non-fungible tokens for series one

• 1,000 Limited
• 100 Rare
• 10 Super Rare
• 1 Unique

Packs include buying one or bundles with no maximum.

Combat Sports — UFC NFT Packs

Includes a total of 40+ fighter tokens when released. Breakdown of non-fungible tokens for series ones:

• 4 Featured
• 10 Champions
• 15 challengers
• 25 Contenders

The total number of available digital packs for UFC is 200,000 in one series. Packs include up to 50 moments nft trading cards at $50.

Street Fighter NFT Packs — WAX blockchain

• Common A
• Common B
• UnCommon
• Rare A
• Rare B
• Epic A
• Epic B
• Legendary
• Collector’s Challenge

There are 1,000 packs, making them rare and in high demand. Each street fighter nft Pack comes with ten cards randomly selected and costs $100. Finding your favorite street fighter characters as nfts remains simple. These street fighter nfts retain and increase in value.

Starship NFT Packs — WAX blockchain

• Common
• Uncommon
• Rare
• Epic
• Legendary
• Mythic

Funko NFT Packs — WAX blockain

There are two breakouts for funko nfts:

• Commons (66.6%)
• Rare (33.34%)

Teenage Mutant Ninja Turtles (TMNT) NFT Packs — WAX blockchain

• Common (49%)
• Uncommon (27%)
• Rare (14%)
• Epic (8%)
• Legendary (1.63%)
• Grail (.37%)

NFT Pack Size & Packaging

As a creator, you’ll want to understand the type of nft packs collectors need. So you can improve your sales. Here is a list of the best digital packs for collectors. Each pack comes in a variety of sizes and shapes.

How Do You Buy NFT Card Packs?

Purchasing digital trading card packs is straightforward and needs the use of a digital wallet to complete the transaction. When purchasing an nft for the first time, digital wallets like as MetaMask, Coinbase Wallet, and Trust Wallet are popular options.

Once you’ve created a digital wallet with a seed phrase, you’re ready to purchase a trading card pack from an online retail storefront or a secondary market.

Branded Online NFT Websites

Most brands in the nft space are creating their nft marketplaces, creating online stores to purchase non-fungible tokens directly. Here are a few examples:

For the first time, the UFC professional mixed martial arts team collaborates with crypto. com to launch nfts. Allows you to gather NFTs of championship fighters and UFC event contenders. Over 200,000 UFC digital packs were distributed, with the first round distributing approximately 100,000. After you’ve opened the nft Pack, you may also sell these sports trading cards on their marketplace.

NFT All Day has moments,’ which are video snippets, photographs, and audio of professional football players on game days that have been turned into non-fungible digital collectibles. These collections contain all of the top plays and highlights from each team’s season. Email, social media, and Discord are used to advertise NFL All Day drops.

How To Open an NFT pack On The Blockchain

These packets don’t have to be difficult to open. Some digital packs have a time limit on when they are accessible to open.

For example, if a drop occurs at 1 p. EST and you make a purchase within that period, they may need you to wait until 5 p. EST before you may open it. These time constraints assist to build buzz and allow flippers to sell an nft pack at a premium on a third-party site before it opens.

• Opening Topps trading cards, go to ‘Unopened Packs’ in your account.
• Click on the nft Pack you would like to open, and a window pops up asking to ‘confirm’ you’d like to open it. It’s essential during this step to be entirely sure that you are ready to open a pack because once you open it, you won’t be able to close it.
• Click ‘open,’ and the animation will begin showing the trading card pack opening. It will now convert that digital asset from 1 pack to the number of cards available within each Pack.

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Are you tired of missing important NFT drops?

Just check out our NFT Calendar !

As always, make your own research prior to making any kind of investments.

In Brief

• The 941-themed Game Recognize Game NFT is dropping on April 7th, 12 pm PDT.
• A lucky winner will be given the chance to win Klay Thompson’s comeback game-worn sneakers.
• $94,100 from the proceeds will go towards the Thompson’s family’s 941 Project foundation.

The NFT packs will include moments from NBA players like Derrick Rose, Paul George, Draymond Green, DeMarcus Cousins, Zach LaVine, and Gordon Hayward, who have all undergone chronic injuries yet have persevered in the NBA thanks to effort and perseverance.

The Golden State Warriors player not only curated the six moments that will be featured in this second edition of the GRG collection, but he will also narrate each of the moments. The pack will be released at 12 p. PDT on April 7th.

This drop will have 50,000 packs available in total each priced at $19. One guaranteed GRG moment and three series Base Set moments will be included in each bundle.

Each new GRG moment will be issued in a 10,000-piece Common Limited Edition run. There will be 4,000-60,000 editions for the Base Set moments.

There will be no necessity for a collector score in this bundle. Each collector will be restricted to one pack per purchase, with the ability to rejoin the queue as long as supplies last.

A lucky winner will be offered the chance to win a pair of Thompson’s signed game-worn sneakers, specifically from his comeback on January 9, 2022, where the Golden State Warriors won over Cleveland for 96-82.

You only need to create an NBA Top Shot account and you’ll be automatically entered for a chance to win Klay’s game-worn shoes.

It is not necessary to make an NFT purchase in order to participate or win and buying the packs doesn’t improve your chances of winning.

Holders will be rewarded through an airdrop of 1 pack for every complete set of Game Recognize Game and Got Game NFT.

Dapper Labs will also donate $94,100 to the 941 Project, which aims to “assist and support re-entry to the workplace for individuals from disadvantaged situations

The Thompson Family Foundation announced the 941 Project in early February, and Dapper Labs was named as one of the founding partners.

Just last month, Klay Thompson’s teammate Stephen Curry dropped a birthday cake-themed NFT to the holders of his 2974 NFT Collection as part of his 34th birthday celebration. Each NFT emphasized a specific made 3-pointer and game date spanning his 12-year career.

What Is NBA Top Shot NFTs ? Find Here.

NBA Top Shot is a fun and novel way to collect and trade basketball cards. Non-fungible tokens or NFTs are used for these cards. They represent specific “moments” in basketball history. Like any other collectible card, these moments can be bought, sold, or traded.

The moments that have been released so far range from iconic moments in NBA history to more mundane moments from recent games. There are also moments from other basketball leagues in the NBA Top Shot explained, such as the WNBA and NCAA.

NBA Top Shot is still in its early stages, but there is already a thriving community of collectors and traders. The community is active and welcoming, and there are sure to be more exciting moments released in the future.

There are various ways to get your hands on these digital collectibles, and you can find them through several different sources. The NBA Top Shot explained reveals the easiest way to get your hands on NBA Top shot NFTs is to purchase them through the NBA Top shot website. Regardless of where you purchase NBA Top shot NFTs, ensure that you’re getting them from a reputable source to avoid scams.

What’s So Special About NBA Top Shorts?

NBA Top Shot NFT is a new way to showcase important moments from NBA history, such as Michael Carter-Williams’ 2013 dunk. These rare “Moments” can be collected and even traded for other digital cards.

NBA Top Shot NFT digital trading cards are minted in packs. Like physical trading cards, mints occur in sets. If a player makes a memorable shot while playing during the season, that shot is considered an NFT moment and can be purchased as soon as it occurs!

What Are The Different Types of NBA Top Shot Moments And Packs?

Collecting Moments is a lot like owning stocks. For example, each Moment you add to your collection comes from a Set, but Sets are also part of a larger grouping called Packs that come with varying Rarities. Pack Rarities can vary depending on the cards they contain. Ultimately, if you want to get great value out of any particular card in your portfolio, it’s much better to find rare stock – because they’re always worth more.

In the NBA Top Shot NFTs, Moments are video highlights in several variations. The four different types of moments are Common, Fandom, Rare, and Legendary. For the rarest of them all, though, there is a whole class called Ultimate, which is reserved exclusively for those who have won them in auctions. The rarity works like this:

Common: 96. 6% of total moments are common and are made for worldwide fans. The 96. 6% of total moments are also the most popular edition size, as they are easy to find and usually contain more content than the smaller editions.

Fandom: There are many ways to get a Fandom Moment card. First, you can purchase a special edition of the card. Additionally, there is a special collector’s edition of the moment every year, where players can get a unique card based on an amazing moment. Quests are another way to get individual Fandom moment cards.

Rare: Rare moments are some of the most cherished moments. As a Premium Member, you receive this kind of pack with every order or can choose to get one on its own at a higher NBA Top shot NFT price point.

In addition to the standard two common moments and one rare moment in every pack, these moments can add up to provide a much-needed boost to your team. With the increased chance of finding these moments, getting your hands on one of these packs will be very profitable when considering the NBA Top shot NFT price. However, the rare moments are not always available in these packs and may be found in other, more expensive packs.

Legendary: There are only between 50 and 500 of each NBA Top Shot Moment. That means that every one of them is incredibly rare and special. They’re like little art pieces, and each one is unique. There are so few of them that they’re practically impossible to find, making them even more valuable. If you’re lucky enough to find one of these Moments, you should hold onto it tightly because it’s a once-in-a-lifetime opportunity.

NBA Top Shot Packs Explained

These NBA Top Shot cards have been described as the ultimate checklist for building sets because they are grouped into packs called sets. They are divided into two groups: Base and Non-Base.

Base Sets are a bit rarer and, as such, are more expensive. These contain Moments of a higher rarity and are often released as part of special events or partnerships. These Moments usually fall into the Rare or Very Rare categories and often contain more sought-after or high-value Moments.

For example, the recent All-Star Series was a Base Set that featured NBA Top Shot Moments from some of the best NBA players of all time. These sets are perfect for collectors looking to add some unique Moments to their collection.

The NBA Top Shot Moments included in a Base Set will always be common (no rare or legendary Moments). This doesn’t mean you can’t find some cool Moments in these sets, though! Base Sets are great for those new to the game and just looking to pick up a few cards of their favorite team or player.

Additionally, trade tickets provide NBA Top Shot utility to the moments. But, trade tickets cannot be bought or sold. They are only available when someone trades a moment. This way, the NFT project ensures that people are constantly trading the NFTs and increasing their value of the NFTs. Also, each trade provides only one ticket, and collectors can accumulate these tickets to get their hands on more exclusive moments.

What Determines The Value of An NBA Top Shot Moment NFT?

There are several factors to consider when we value NBA Top Shot Value. While scarcity is an important factor, it’s not the only factor. Scarcity always matters when it comes to the value of collectibles, and e-Sports collectibles are no different. Scarcity is not simply a matter of how many exist, though; it’s also how easy it is to obtain one.

Other factors to be considered when valuing NBA Top Shot Value include the utility of the items and the design. For example, we can determine the NBA Top Shot Value, whether the item is functional or purely decorative, and also it depends on the design appeal.

More About NBA Top Shot Quests And Challenges

Challenges and Quests are an NBA Top Shot utility. Here NFT holders will be offered rewards for completing specific tasks and an exclusive opportunity to get their hands on things before anyone else. One is provided a mission to collect Moments through their means. They will have instructions on what moments to collect and have a time limit as to when it should be done by.

How To Buy NBA Top Shot Moments?

By registering for NBA Top Shot with Dapper Labs, you’re taking the first step towards potentially earning some serious profits. With a little bit of research and some luck, you could find yourself in a profitable situation. So what are you waiting for? Sign up today and start collecting those Moments!

The Future of NBA Top Shot NFTs

The future of NBA Top shot NFTs is bright. With the increasing popularity of crypto-collectibles and the unique benefits of NBA Top shot NFTs, it’s hard to imagine it will be long before other sports leagues adopt NFTs. In addition, the fact that NBA Top Shot NFTs are available on the marketplace to buy and sell means that it is also a lot easier to speculate on their value, which could lead to the expansion of secondary markets.

Article by Infostor. com (C).

What Is NBA Top Shot?

NBA Top Shot is an NFT marketplace where sports fans can buy, sell and trade basketball video clips.

Launched in 2020, NBA Top Shot is a partnership between the NBA and Dapper Labs, the creators of CryptoKitties. High-profile investors include the NBA legends Michael Jordan, Kevin Durrant and Klay Thompson.

What Are NBA Top Shot Moments?

Moments are the video highlight clips sold as NFTs on NBA Top Shot. Much like conventional sports trading cards, Moments increase value based on their rarity. The rarer the video clip, the higher its potential value as a collectible.

On its surface, a Moment is simply a video clip of a specific play—a LeBron James dunk or Steph Curry layup, for example. So why would anyone pay money for video highlights they can watch for free on YouTube?

Moments are more than highlights. Like other NFTs, which represent real-world items from art to in-game items to music, each Moment is an NFT that’s officially licensed by the NBA and minted with a unique serial number and data, including game and player stats.

There’s also the cachet of owning a piece of basketball history. NFTs are like a certificate of authenticity: The technology behind them makes it difficult to replicate or counterfeit them.

Think of it like owning a piece of art. You can go online and print a copy of the Mona Lisa, but it’s nowhere near as valuable—or prestigious—as owning the real thing. It’s that pride of ownership that sets NBA Top Shot Moments apart.

What Can You Expect to Pay for NBA Top Shot Moments?

Like all NFTs, a Moment is only worth what a buyer is willing to pay in the secondary market. Rare Moments from top players can go for hefty sums, while others sell for just a few dollars.

A Moment of a LeBron dunk against the Houston Rockets, for instance, fetched $387,600 last year.

According to the site Cryptoslam!, one of the most valuable NBA Top Shot Moments is a LeBron dunk from a Nov. 15, 2019 game, with 49 mints. One of those minted Moments is currently on sale for $1 million.

Like trading cards, Moments are finite, and NBA Top Shot determines how many to release at once. So, getting a Moment that’s 1 in 49 is more valuable than one that’s 1 in 11,000.

Wondering how you can snag a Moment of your own? First, you need to sign up and get verified on the official NBA Top Shot marketplace.

NBA Top Shot also hosts a healthy secondary marketplace where fans can buy, sell, trade, or gift packs or individual Moments.

Can You Make Money on NBA Top Shot?

There’s no shortage of epic tales of iconic NBA Top Shot Moments selling for astounding prices.

Like physical trading cards, Moments’ value depends on supply and demand. Moments produced in greater quantities, or featuring lesser-known players, aren’t worth as much as a LeBron dunk.

Cryptoslam!, a site that tracks NFT sales and values from various online marketplaces, including NBA Top Shot, had several Moments listed for as little as $4 at the time of writing.

While some early adopters have amassed collections worth millions, these NFTs are like any investment. Past performance is not a reliable predictor of future results, especially if the market is cooling off.

Advantages of NBA Top Shot

• Downside protection against oversupply. NBA Top Shot mints and licenses all of the Moments it creates, controlling the supply of products in the marketplace.
  This should help prevent flooding the market with duplicate products, preventing the sort of market oversupply that was seen in baseball cards in the 1990s.
• Lowers the barrier to entry for new NFT collectors. The price of collectibles in many categories, including NFTs, has seen major spikes higher in recent years. NBA Top Shot makes collecting NFTs accessible.

Disadvantages of NBA Top Shot

• Lengthy verification process. Dapper Labs’ lengthy verification process could cause collectors attempting to profit from a quick sale to lose out. Moments’ values fluctuate, so that delays could be costly.
• Risk of losing money. As with any investment, it’s entirely possible to lose money on NBA Top Shot’s NFTs. Some collectors have reported purchasing packs, then discovering the Moments inside are worth less than the cost of the pack itself. In addition, there are no guarantees that a seller will be able to sell their Moments to a buyer willing to pay the asking price.
• NFT values depend on market demand. Like all NFTs, NBA Top Shot’s Moments are only worth what someone else is willing to pay for them. On their own, they have no real intrinsic value—basketball fans drive the prices. It’s impossible to predict when prices will fluctuate, rendering some formerly valuable Moments worth much less.

Should You Buy Top Shot Moments?

If you’re a true NBA fan and you’re willing to hedge your bets on the future success and popularity of the players, the Top Shot marketplace and NFTs, then investing in this new crypto craze could be for you.

Potential for financial gains aside, those who are truly passionate about NBA basketball and collecting Moments of their favorite players and game highlights have the potential to benefit from the sheer joy of the pastime.

NBA Top Shot is not for people looking to get rich quick, says Julian Morris, founder and principal at Concierge Wealth Management. “I recommend setting a budget and having fun with it, but don’t plan to retire off your Top Shot Moments,” he says.

Investors and collectors seeking to diversify their holdings may consider taking a small position in NFTs. If you’re new to crypto and NFTs, NBA Top Shot may be an appealing option because it’s easy to use and widely accessible.

That said, the values of most collectibles, including NFTs, tend to be volatile. After all, a LeBron dunk NFT could be tomorrow’s Beanie Babies.

So, what is NBA Top Shot?

Ultimately, the system operates just like trading cards, except that it combines NBA highlights and digital art. The NBA licenses reels to Dapper Laps, who then creates Moments from the footage. Moments are video highlights that have been attached to NFTs. Each has a unique digital serial number that guarantees the authenticity and indicates how rare the Moment is. Moments are the foundation that make up the Top Shot ecosystem.

Just like with trading cards, the team only makes a limited number of NFTs to create scarcity. This increases the rarity of specific Moments and, as a result, the financial value.

Top Shop opened the platform to a select few early supporters for beta testing in June 2020. By October of the same year, it was open to the public. Caty Tedman, head of partnerships at Dapper Labs explained during SportsPro Live that the development was a fan-led process. “We didn’t have any revenue targets when we launched Top Shot into the closed beta. We wanted to build something that’s really sticky, that people will want to come back to every day and feels endemic to basketball fandom. I think we did that. We started from a fan perspective, so it was hard for fans not to love it. We’re fans and we love it,” she said.

How does NBA Top Shot work?

There’s a lot more that goes into collecting than simply buying and selling your favorite Moment. As noted, each Moment comes from a Pack, each Pack is part of a Set, and you don’t know exactly what Moments you’ll get when you make a purchase. Ultimately, the rarity of a Moment can vary a lot depending on the type of set or Pack it comes from.

Moments are video highlights that are separated into four categories: Common Moments, Fandom Moments, Rare Moments, and Legendary Moments. There is also an Ultimate rarity, but this class of highly coveted Moments is only attainable via auction with an edition size of one or three. Here’s a breakdown of how each works:

• Fandom: There’s no set percentage for Fandom NFTs in Top Shots, a these are based on special experiences that correlate with specific events. For example, you may be able to buy a Moment at a real-life game that’s of significance. For example, there is Killian Hayes Assist. There were 2,776 NFTs of that Moment created, and they were made available exclusively to fans who were at the arena.
• Rare: 2.25% of total moments. Rare Moments on Top Shot are more exclusive and difficult to acquire. Typically, they feature historic plays from NBA legends. For example, there are 750 Moments of Trae Young’s shoulder shimmy three-pointer in circulation.

What are NBA Top Shot Packs?

Top Shot Moments are grouped into packs, which are created as sets in part of a series. These come in two overarching categories: Base and Non-Base.

Base Sets are exactly what they sound like: high edition sizes released regularly and at an affordable price (usually $9 each). Base Sets are dropped in order of Series and release – i. Series 1 had 12 releases. These typically always fall in the Common rarity category and contain three basic Moments that are great for those just starting out or those who are looking to round out a collection.

Non-Base Sets, on the other hand, come in all sorts of different variations. Non-Base sets will always contain a Common Moment, but also something Rare and/or Legendary. Non-Base set packs like “Playoffs,” “Premium Pack,” and “Run It Back” can all be differentiated by their much flashier packaging. Of course, these are also pricier.

Image showing an NBA Top Shot starter pack. Credit: Top Shot

How are Top Shot Moments valued?

In NFTs and trading cards alike, scarcity will obviously always be a major factor in value. Top Shot makes it easy at a glance to discern what Moments are more scarce than others. Moment Ranks can also be incredibly helpful in determining the value of your Moment. Further, Evaluate. Market is great for tracking portfolio and Moment value over time.

Typically, low (1 – 99) and perfect (100/100) mint numbers always fetch a higher price. This was true for trading card valuation and is definitely still true in NFTs. Vanity numbers like 69, 420, 888, etc. are also very highly coveted. However, it’s an especially big win when you get a mint number that matches the jersey number of a player. Meaning if LeBron is wearing #23 in the Moment, mint #23 will likely have just as much value as the #1 mint from the pack.

In the Top Shot marketplace, you’ll see either a CC or LE underneath the name of the Moment. CC stands for “Circulating Count” and is the number of editions of that Moment currently in circulation. These Moments can be considered an open edition. There is no cap on the amount that can be minted, and they will continue to be sold until they expire. LE stands for “Limited Edition,” meaning these Moments are finite and usually in lower quantities (50, 100, 750, etc. edition sizes). The largest sales on the site usually come from these LE’s.

When you own multiple Moments, you can then do things like sell, gift, and showcase them (create a collection/album from them).

What are Top Shot challenges and quests?

If pack opening isn’t exciting enough for you, Challenges and Quests are other significant aspects of the Top Shot ecosystem.

An example of a quest from NBA Top Shot. Credit: Top Shot

What are Trade Tickets?

To get started with Top Shot, you’ll need to register for NBA Top Shot with Dapper Labs. You can do this by clicking “sign up” on the Top Shot website. Creating a Dapper account gives you a wallet that stores funds and enables you to purchase crypto collectibles.

The most expensive NBA Top Shot NFT sales

In January 2021, a group including FantasyLabs co-founders Jonathan Bales and Peter Jennings bought a Ja Morant Moment for $35,000. At the time, this was a record-setting buy for the platform, one which helped boost both popularity and sales.

Days later, SnapBack Sports founder Jack Settleman arranged a group to buy the Serial No. 23 moment of the LeBron James Legendary “Kobe Tribute” dunk for $47,500.

Not to be outdone, that same month tech investor Jeremy Levine bought the #1 Zion Holo Moment for $100,000. And an NBA Top Shot Moment of a LeBron James highlight sold for $387,600 in April of 2021.

The future is looking bright for the Top Shot platform. While the overall NFT marketplace experienced a slowdown throughout the start of 2022, Top Shot NFT sales were up some 70%.

The NBA has yet to announce plans to onboard former players that aren’t a part of the Retired Players Association. Most notably, Michael Jordan. But considering MJ himself joined up alongside Kevin Durant, Will Smith, Klay Thompson, 2 Chainz, and others during Top Shot’s March 2021 funding round, the general consensus is that these one-off deals are still to come.

Further updates include new “Crafting Challenges” where fans permanently lock a number of Moments meeting given criteria in exchange for ultra-limited rewards, even more IRL events, spend-based rewards, and FLOW coin support. With top figures like Gharegozlou voicing their support for Top Shot, it’ll be exciting to see what other notable names are added to the ecosystem during the next NFT market influx.

Editor’s note: At time of publication, members of the nft now staff are holders of NBA Top Shot NFTs.

When purchasing an nft for the first time, digital wallets like as MetaMask, Coinbase Wallet, and Trust Wallet are popular options. Once you’ve created a digital wallet with a seed phrase, you’re ready to purchase a trading card pack from an online retail storefront or a secondary market

NBA Top Shot has 2 types of card packs: a base set and a Rising Stars pack. The base set sells for $9, while the Rising Stars pack retails for $199 and gives you a much better chance at a rare collectible