NBA Top Shot: A Review

With the introduction of non-fungible tokens (NFTs), NBA Top Shot launched a new era in digital basketball collectibles. This marketplace combines the blockchain technology used in other NFT platforms with an experience similar to collecting traditional sports trading cards. Here is what you need to know about NBA Top Shot NFT. 

What is NBA Top Shot NFT?

NBA Top Shot is popularly known as the first officially licensed NBA experience for collectors and gamers. It allows fans to own a piece of the action and trade it for real money. The NBA and Dapper Labs, the company behind CryptoKitties, partnered to launch NBA Top Shot in 2020. NBA legends Michael Jordan, Kevin Durrant, and Klay Thompson are among the well-known investors.

What Blockchain Powers NBA Top Shot?

The platform runs on Dapper Labs’s Flow blockchain, and users can trade digital assets based on NBA game clips. The Flow blockchain also supports transactions on other sports NFT marketplaces, like UFC Strike and NFL All Day.

How to Buy NBA Top Shot Moments?

Visit the official NBA Top Shot marketplace, register, and complete verification to buy NBA Top Shot Moments. Verified users can buy Moments with an Ethereum wallet, Bitcoin Cash, Dai, USD Coin, or a credit or debit card (Visa or Mastercard). 

What Are The Advantages of NBA Top Shot?

1. It is designed for those new to cryptocurrency and NFTs, so it doesn’t require having knowledge of blockchain.
2. It offers a great collecting experience because digital moments are easy to store, can’t be damaged or stolen, and are authenticated on the blockchain, eliminating the need for preservation and costly grading.
3. NBA Top Shot lowers the barrier to entry for new NFT collectors, making it affordable and accessible despite the recent spikes in collectible prices.

FAQs

Are NBA top shots a good investment?

Like other NFTs, NBA Top Shot’s Moments have no intrinsic value; instead, prices are set by basketball fans who are willing to pay.

Is NBA Top Shot famous?

Since its private beta testing in 2020, NBA Top Shot has made over $1 billion in all-time sales.

Can you sell NBA Top Shot?

The NBA Top Shot NFT Marketplace allows users to buy and sell their favourite NBA Top Shot Moments. Collectors from all over the world can access it at any time.

What Are NBA Top Shot Moments?

Moments are the short video highlights that NBA Top Shot sells as NFTs. Like traditional sports trading cards, moments appreciate value based on scarcity. A video clip’s potential worth as a collectible increases with rarity.

What is NBA Top Shot built on?

NBA Top Shot is a digital collectible platform built on blockchain.

Takeaways

NBA Top Shot NFT offers users an innovative combination of the excitement of traditional sports trading cards with blockchain technology. This allows fans to own and trade digital basketball highlights.