Is NBA Top Shot going down?
The App is Back! Series 2 for NBA Top Shot has officially wrapped, and unfortunately, instead of going out with a bang, it ended with a whimper.
Is NBA Top Shot an NFT?
NBA Top Shot is an online exchange that sells NFTs of NBA highlights, and is licensed by the NBA. Top Shot users do “own” the NFT, but the NFT is subject to a licence that allows them to do a small number of things, such as buying, holding and selling the digital highlight in personal, non-commercial settings.
What happened to NBA Top Shot?
Top Shot metrics have declined five months running. But the bottom—or perhaps a normalization of the market—may be near. Over the last 30 days, sales volume (+13.09%, to $34.38 million) and transactions are up (12.79%, to 1.3 million) and the number of traders on the platform is down by just 6.7%.
How much does top shot cost?
They place each highlight into digital packs, just like regular trading cards, and sell the packs on the official NBA Top Shot website for prices ranging from $9 to $230. The pack prices depend on the quality of highlight, the stardom level of the player and the exclusiveness of the card.
Is it too late to get into Top Shot?
It’s not too late to get in. Unfortunately, the pre-order is over. The good news is because the market has dipped so much, you can buy moments for as low as $4. That’s certainly worth an investment, especially with the expectation of the market increasing at some point.
How often do NBA Top Shot packs drop?
Since all packs are released with a limited run of packs, all packs are limited editions and makes them difficult to obtain. These pack releases are referred to drops and these drops typically occur twice a month during the NBA season.
What is the most expensive NFT ever sold?
However, as of today, the world’s most expensive NFT artwork is still Beeple’s Everydays: The First 5,000 Days: a collage consisting of 5,000 images measuring 21,069 x 21,069 pixels and bought at Christie’s for over $69.3 million by a Singapore-based programmer.
Why is NBA Top Shot valuable?
To put it simply, the demand for the packs is significantly more than the supply. In order to keep the moments valuable, NBA Top Shot is doing a great job of controlling how available each moment is. After all, a rare moment wouldn’t be very rare if everyone who wanted one could just get it out of a pack.
Will NBA Top Shot increase in value?
According to CryptoSlam, the total value of Top Shot moments is up 40% over the last 30 days, to roughly $730 million. Evaluate. Market has measured an 8% bump over the past week. And this time, Top Shot once again has something new to offer.
Why are top shots valuable?
NBA Top Shot has kept the prices on packs cheap enough where basically everyone who gets one is guaranteed to profit off it. A regular pack of NBA cards could have anything in it. You could have a rare card worth thousands of dollars or you could get absolutely nothing.
Can you make money on 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 many Top Shot accounts are there?
NBA Top Shot currently has 1.1 million registered users.