If you are above 50,000, your odds diminish. If you get placed, in this situation with 50,000 packs, below 50,000 you will get the opportunity to buy a pack. When the clock goes to zero, you get placed randomly on the virtual line. As soon as you join the drop you get a countdown clock until the drop is happening. So let’s say there is a Common pack drop and they have 50,000 packs.
People wait in a virtual line for their turn to buy the pack. When a Rare or Legendary Pack Drops, the company provides at least 6 hours’ notice. When it is a Common Pack Drop, Dapper typically gives 10 minutes’ notice. When NBA Top Shot announces a Pack Drop - thousands of people scramble to get to their computers or phones to get on line to get a pack of Moments (akin to buying a new pack of cards). There are two ways to acquire Moments: the first is when a pack is newly minted, known as a “drop,” and the second is through a secondhand marketplace transaction. The next thing to understand is that there are three levels of Moments (five really but two have not yet been released and will only confuse you). I’m talking about baseball cards, basketball cards. Drew has built an impressive portfolio in a short time and is someone to watch in this space - ĭo you understand what the words “trading cards” mean? My only regret is that it took a week between him telling me about it and me actually taking action.
But for simplicity (and the fact that two are not currently released yet) I’m focusing on the three available types.Ģ) Shout out to Drew Austin. For example, there are 5 types of Moments. NBA Top Shot is wading into unchartered territory for many people, so I’ve decided to resurrect my “ Old People’s Guide” format to explain this new phenomenon.ġ) To keep things high-level, I’m simplifying everything. It sits at the intersection of sports and blockchain: think digital versions of the packs of collectible cards you had back in the ’90s. Enter NBA Top Shot, which has gone from niche to over $125M worth of transactions in less than a month. With the NBA season starting up for 2021-22, NBA Top Shot could be gaining momentum at the perfect time.There is a digital gold rush happening right now and a lot of people are scratching their heads trying to make sense of it. The company launched WNBA packs and summer league packs earlier this season, which helped bring momentum during the NBA off-season. The 24 hours surrounding the launch of Run It Back 2005-06 saw NBA Top Shot recognize $7.62 million in sales and 99,526 purchases, according to the company. NBA Top Shot reported 9,921 purchases and $5.15 million in sales for Run It Back 2005-06 NFTs in an email. NBA Top Shot ranked eighth on CryptoSlam’s weekly list with $13.9 million in sales volume, up 134.5%. Why It’s Important: NBA Top Shot climbed the NFT leaderboard last week on the heels of the Run It Back pack launch. Related Link: NFL NFTs Coming From NBA Top Shot Parent Dapper Labs: What You Need To Know
#Top shot for free#
The packs are available for free for new collectors and for $9 for seasoned NBA Top Shot users, with a limit of three per person.
#Top shot series#
NBA Top Shot is also launching a new series called Fandom Moment featuring a guaranteed Dwyane Wade. Top names in the series include Dwyane Wade ($1,999), Vince Carter ($838), Tracy McGrady ($939), Jason Kidd ($574), Kevin Garnett ($545), Shaquille O’Neal ($3,234), LeBron James ($2,850), Tim Duncan ($447), Allen Iverson ($2,740) and Chris Paul ($610).įor many of the above mentioned names, the latest pack drop marked their NBA Top Shot debut, making them a potential must have for collectors. The lowest priced Run It Back from the pack is going for $140 on the NBA Top Shot marketplace. Each pack contained a rare numbered-to-990 NBA Top Shot Moment featuring a moment from the 2005-06 NBA season. Run It Back 2005-06 was a new pack release priced at $169. What Happened: NBA Top Shot launched with moments from recent NBA seasons.
#Top shot full#
The video-based NFTs surged in popularity in late 2020 and early 2021 before seeing a drop in demand as supply rose.Ĭould new vintage moments bring NBA Top Shot back in full force? NBA Top Shot has been one of the most popular non-fungible tokens of all-time.