The hype surrounding NBA Top Shot has reached new heights as a legendary LeBron James Moment from the Cosmic Series 1 sold for $208.000. The NFT is valuable because it’s from the first legendary set ever, and it features one of the most popular basketball players in the NBA.
Jesse Schwarz, the founder of cookie brand YoDough, has acquired this specific LeBron James moment. He expects the value of the NFT to increase as it’s a rare collectible within a growing brand of collectibles.
These NBA Top Shot collectibles are officially licensed by the NBA. This means that professional players also earn a share of the revenue every time a moment changes hands. Dapper Labs, the company, takes 5 percent per sale, and splits that sale between itself and the NBA and its players.
NBA Top Shot Millions in Trading
Every day collectors spend millions on these digital collectibles. Yesterday we wrote about NBA Top Shot doing $34.8 million dollars in trading within 24 hours. With 30 thousand buyers per day, they have the most active marketplace in the blockchain space.
The marketplace for their digital collectible NFTs is on fire, and over the weekend even actual NBA players joined in the fun as they streamed their unpacking live on Twitch. Over the past 30 days NBA Top Shot had 187 million dollars in trading, and $131 million of that happened in the past week.
Power of NBA Top Shot
The strength of the project is twofold. First of all Dapper Labs made the Flow blockchain so that it’s easy to join NBA Top Shot. Users will have no problems with private keys and gas fees. Many users are praising the interface made by Dapper Labs on social media.
Second, these digital collectibles are officially licensed by the NBA. They are the real deal and feature stars like for example LeBron James, Spencer Dinwiddie and many more. These collectibles come in different rarities. Because of this prices for collectibles go from 20 dollar all the way to thousands of dollars. Many collectors want to get in early, before the mainstream audience comes in and really pumps prices.
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