{"id":466,"date":"2023-06-21T17:19:24","date_gmt":"2023-06-21T17:19:24","guid":{"rendered":"https:\/\/topshot101.com\/?p=466"},"modified":"2023-06-21T17:19:26","modified_gmt":"2023-06-21T17:19:26","slug":"what-is-nba-top-shot","status":"publish","type":"post","link":"https:\/\/topshot101.com\/what-is-nba-top-shot\/","title":{"rendered":"What is NBA Top Shot?"},"content":{"rendered":"\n

The Traditional Sports Collectibles Market<\/h2>\n\n\n\n

For decades, the sports collectibles market has been dominated by physical items such as trading cards, autographed jerseys, and game-used equipment. These tangible pieces of sports history have always held significant sentimental and monetary value for collectors. However, the traditional market has faced challenges such as counterfeiting, storage limitations, and the inability to easily trade or sell items. Furthermore, the valuation of these physical collectibles has often been subjective, relying on factors such as player popularity, rarity, and condition.<\/p>\n\n\n\n

The Rise of Digital Collectibles<\/h2>\n\n\n\n

With the rapid advancement of technology, the sports collectibles market has undergone a digital transformation. Digital collectibles, also known as non-fungible tokens (NFTs), have gained popularity in recent years. NFTs are unique digital assets that are stored on a blockchain, providing proof of ownership and authenticity. These digital assets can represent anything from artwork to music, and now, sports moments.<\/p>\n\n\n\n

What is NBA Top Shot?<\/h2>\n\n\n\n

NBA Top Shot is a blockchain-based platform developed by Dapper Labs in partnership with the National Basketball Association (NBA) and the National Basketball Players Association (NBPA). It allows fans and collectors to own officially licensed, limited-edition digital moments from NBA games. These moments are short video clips capturing highlights from NBA players, including iconic dunks, buzzer-beating shots, and memorable plays. <\/p>\n\n\n\n

Each moment is assigned a unique serial number and comes with various levels of rarity<\/a>, making some moments more desirable and valuable than others.<\/p>\n\n\n\n

How NBA Top Shot Works<\/h2>\n\n\n\n

To participate in NBA Top Shot, users must create an account and connect it to a digital wallet that supports the Flow blockchain. The Flow blockchain is specifically designed to handle the demands of high-volume consumer applications, ensuring smooth transactions and interactions on the platform. <\/p>\n\n\n\n

Once the account is set up, users can browse the marketplace, where moments are listed for sale or auction. Moments can be purchased using the platform’s native currency, called “Dapper,” which can be acquired through credit card transactions or by exchanging cryptocurrencies such as Bitcoin or Ethereum.<\/p>\n\n\n\n

But don’t be intimidated by all this. What’s nice about NBA Top Shot is that a wallet can be created simply using your Google account. You can link it with just a few clicks, which makes onboarding really easy.<\/p>\n\n\n\n

Simply:<\/p>\n\n\n\n

  1. Go to the NBA Top Shot website<\/a>.<\/li>
  2. Click on the “Sign Up” button in the top right corner of the page.<\/li>
  3. Select the “Sign up with Google” option.<\/li>
  4. Log in to your Google account.<\/li>
  5. Accept the terms of service and privacy policy.<\/li>
  6. Click on the “Create Account” button.<\/li><\/ol>\n\n\n\n

    Once you have created your account, you will be able to start buying, selling, and trading NBA Top Shot Moments.<\/p>\n\n\n\n

    The Valuation of NBA Top Shot Moments<\/h2>\n\n\n\n

    Valuing NBA Top Shot moments is a combination of subjective and objective factors. The subjective factors include the popularity of the player, the significance of the moment, and the overall demand among collectors. <\/p>\n\n\n\n

    The objective factors include the serial number of the moment, with lower numbers generally considered more valuable, and the rarity of the moment, with some moments being classified as “legendary<\/a>” or “rare.” <\/p>\n\n\n\n

    Additionally, the scarcity of a particular moment can drive up its value, as collectors strive to complete sets or acquire specific players.<\/p>\n\n\n\n

    There are challenges in NBA Top Shot running every day that drive the demand of different moments at any given time. To learn more about challenges, go to our guide here<\/a>.<\/p>\n\n\n\n

    Benefits of NBA Top Shot for Collectors<\/h2>\n\n\n\n

    NBA Top Shot offers several benefits for collectors:<\/p>\n\n\n\n