NBA Top Shot is a very famous pro-basketball nonfungible token (NFT) collectibles from the Dapper Labs. They are planning to sell these unique NFT tokens in Las Vegas next week at National Basketball Association Summer League games. These tokens are the first batch of NFT Top Shots, called “Moments”. They are exclusively offered in a physical location and mark the first sale of Moments in an NBA game. These unique NFTs will celebrate the main moment of each game on August 8, 9, and 10.
There will be at least 1,000 minted copies in each edition. And, the total number of Moments to be minted will be determined according to the public demand. However, there is a daily limit of purchases for the fans. One person can purchase only 10 tokens daily. People at the match can pre-book these tokens which are yet to be created for $5 each at a Top Shop kiosk in Las Vegas’s Thomas & Mack Center. Once created, the NFT will be transferred to the buyer’s Top Shot account. While this is very attractive, but the first batch of Moments is unlikely to become a valuable collection in the future.
As the event will feature off-season games, NFT will mainly feature newly recruited novices and minor league players. According to a report from DApp Radar, currently, Top-Shot is the second most popular NFT platform in terms of both sales and active traders. This platform has roughly 109,600 Top Shot Marketplace users. And, a total of 675,350 transactions have been made in the past 30 days. However, the total trading accounts have fallen by more than 53% each month. Moreover, according to CryptoSlam’s data, the average daily value of Top Shot trading for the last month was approximately US$700,000.
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