NBA Top Shot

NFT Marketplaces

NBA Top Shot is a blockchain-based marketplace and platform that allows users to purchase, sell, and exchange officially licensed NBA video highlights.

Pros

  • Simple User Interface
  • Uses the Flow blockchain, which has lower fees than Ethereum
  • Does not require users to make payments via cryptocurrency
  • Widely regarded as the most successful NFT collectible with a heavy emphasis on mainstream audience
  • New drops available on a regular basis.

Cons

  • Limited support for cryptocurrencies
  • NBA Top Shot is a completely custodial NFT platform

Features

  • NFT marketplace using the Flow blockchain
  • Provides a marketplace for selling, buying, and trading NBA video clip highlights, also known as moments.
  • The highlights are not owned by the purchasers, but a numbered version is.
  • Accepts credit cards and cryptocurrency as forms of payment.
  • BTC, ETH, DAI, FLOW, USD Coin, and Bitcoin Cash are all supported.
  • Uses the Dapper wallet for cryptocurrency transfers, and interacts with Coinbase.

What is NBA Top Shot?

NBA Top Shot is a blockchain-based marketplace and platform that allows users to purchase, sell, and exchange officially licensed NBA video highlights as one-of-a-kind digital collectibles that fans may own in perpetuity. Even non-crypto users will find the site simple to use, and trade is limited to the official NBA Top Shot marketplace.

The NBA Top Shot trade platform was launched in 2019 as a collaboration between the National Basketball Association (NBA), the NBA Players Association, and Dapper Labs, a Canadian blockchain company. Fans can accumulate NBA video highlights by purchasing, selling, or trading them, just like trading cards. An NBA Top Shot collectible, known as a "moment," is a digital-only video clip made and issued as an alternative to paper-based cards. NBA Top Shot is similar to traditional trading cards in that it may be purchased, sold, and traded by sports enthusiasts.

Each instant or card has a unique worth, which is mostly decided by the traders themselves. NBA Top Shot moments, on the other hand, are saved as NFTs issued on the Flow blockchain, which is a digital permanent record that gives holders full ownership and provenance.

Each collectible is initially released as part of a limited package drop and sold to NBA Top Shot customers on a first-come, first-served basis at a fixed retail price. Each package contains an unknown and random number of moments. The appeal of this is that it creates a level playing field for all consumers in the hopes of finding a precious and rare Top Shot in their shipment.

Year Founded: 
2019
Check out NBA Top Shot now
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