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Introduction To NBA Top Shot

Introduction To NBA Top Shot

NFT technology has enabled sports fans to have a more interactive experience with their favourite players and sports clubs. One of the prime examples of this revolution is NBA Top Shot, a NFT marketplace that launched in October 2020 and since then onboarded over a million sports fans that can collect and trade NBA highlights in the form of digital collectibles.

What Is NBA Top Shot? #

In collaboration with Dapper Labs, the National Basketball Association has created a completely new marketplace that allows NBA fans to collect memorable moments in the form of digital collectibles or NFTs.

Most interesting game highlights are picked by NBA officials and issued in limited edition series. Just like many NFT projects, some highlights will have thousands of available copies while others will be much harder to come by.

It is important to mention that owners of these NFT collectibles do not own the actual rights to the footage. They do own the collectible, but the NBA is still the copyright owner.

The digital file does come with a lot of on-chain data like player stats and performance at that point in time, which makes these collectibles a bit more than just simple video files.

How To Buy NBA Top Shot NFTs? #

New users can start by visiting the home page and creating a free account. From there they can purchase individual highlights from the marketplace or buy packs that contain one or more digital collectibles.

NBA Top Shot marketplace
NBA Top Shot packs

Every new account is accompanied with a Dapper wallet that can be funded with cryptocurrencies such as Ethereum and Bitcoin, or with credit/debit card deposits that have a 5% service fee.

NBA Top Shot deposit

After the wallet is funded, buying and selling items on the market is very straightforward. It is only up to fans to choose if they want to try their luck with packs or if they want to buy individual collectibles from the market.

Conclusion #

NBA Top Shot is surely an innovation in the relationship between sports clubs and fans. For many, owning your favourite highlights is an improvement compared to owning a simple trading card.
Those that find this new model interesting will surely have a great time trading and collecting NBA official NFTs and the overall impression is that Top Shots has something to offer to both hardcore fans and speculators alike.

Updated on January 25, 2022
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*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.