- Steven Erquiza
NBA Top Shot
NBA Top Shot is the future of the trading card market. They have done over 1,500,620 in sales and have generated almost $308 million in volume. Virtual packs can be purchased, and either you keep the moments you got or sell them in the marketplace.
What is the NBA Top Shot?
NBA Top Shot is a blockchain-based platform that allows users to buy, sell, and trade NBA highlights or what they call "moments." Basically virtual sports cards, but instead of a picture of a player with statistics on the back, you get a video highlight of a play like a LeBron James dunk or a Steph Curry 3-pointer. They release a pack at least every week, and the prices of the packs vary; it can go from $9 to $1000. The more expensive the pack is, the higher the chance of getting a valuable moment. Suppose you were able to get a pack or purchase a moment in the marketplace. In that case, you'd see that these moments have a limited amount of them being released from common to ultimate cards. They have serial numbers in them, and the closer to serial number #1, the more valuable the moment is. In a joint venture that began in July of 2019 between the National Basketball Association, the NBA Players Association, and Dapper Labs have come together to create the NBA Top Shot. Think of it as the future of the sports trading card market mixed with similar principles of cryptocurrency, but it's virtual cards that contain individual NBA highlights.
Here are websites that can help you better understand and navigate through NBA Topshot:
Flow Market Cap
If you decide to purchase a pack or moment, use your dapper balance to not have to pay taxes.
Before you purchase a moment, check the past transaction. You can do that by using Evaluate Market or Flow Market Cap. Check how low and high the card's value goes because the plan is to buy low and sell high. Study how, why, and when that specific moment changes in value.
Always be aware of a pack release, so try checking the NBA Topshot website every day, sometimes at 1:30 pm. For high-value packs, they send you an email a few days before the pack release, but for base sets, they just show up on the website with no email notification.