Examples include a Christmas-themed “Deck the Hoops” pack released in January 2021 and a “Rising Stars” pack released in March of 2021. NBA Top Shot releases new packs sporadically, and these packs are often themed. As with a pack of traditional trading cards, purchasers do not know what specific Moments are contained in each pack before making a purchase. Pack Purchases : Most Moments are first released as part of a digital ‘pack,’ which users can purchase directly from NBA Top Shot. Rare (150–999 copies): Found in rare- and higher-level packs, starting at $22 - each rare pack guaranteed to contain at least one rare MomentĬommon (1,000+ copies): Found in common packs, starting at $9 for nine MomentsĪt present, there are three ways for people to obtain Top Shot Moments: Legendary (25–99 copies): Found in legendary packs - starting at $230 USD typically containing six common Moments, three rare Moments, and one legendary Moment Platinum Ultimate (3 copies): Available only through special events Genesis Ultimate (1 copy): Available only through special events As of May 2021, there are five tiers of Top Shot Moments: Moments vary in terms of scarcity and value. Each NBA Moment has a unique serial code and a provably fixed total supply, leveraging the Flow blockchain. What Is NBA Top Shot?Īt its core, NBA Top Shot offers fans the chance to collect “ Moments ,” which are tradable NFTs that contain a video clip of a specific game highlight as well as other relevant information, such as statistics about the specific game and the player featured in the clip. That said, the platform’s underlying blockchain technology provides several irreplicable benefits to NBA Top Shot customers by enabling a wide array of cutting-edge features. Top Shot’s digital marketplace is designed to be intuitive and accessible for sports fans and collectors of trading cards and other sports memorabilia, regardless of their familiarity with cryptocurrencies and blockchain technology. NBA Top Shot taps into an enthusiastic consumer base, and drives blockchain adoption by lowering barriers to entry, requiring minimal understanding of the underlying technology itself. The project originated in 2019, spent most of 2020 in development, and rose to popularity with upwards of a million registered users in 2021. NBA Top Shot is a blockchain-based platform that allows sports fans to buy, sell, and trade unique versions of officially licensed video highlights. Sorare has decided to expand to other professional sports while Dapper Labs just signed a partnership with LaLiga, the Spanish football association - LaLiga has also partnered with Sorare.NBA Top Shot is a joint digital collectibles venture between the National Basketball Association (NBA) and Dapper Labs, the latter of which released the pioneering non-fungible token (NFT) trading platform CryptoKitties in 2017. They use ZK rollups to lower transaction fees.ĭapper Labs and Sorare will soon compete for the same player base. Sorare currently focuses on fantasy football (soccer) and uses the Ethereum blockchain for its NFT platform. We continue to be impressed by Roham’s strong leadership and vision and we could not be more proud to partner with him and the entire team at Dapper,” Coatue Ventures Chairman Dan Rose said in a statement.Īnd this is an interesting statement, as Sorare raised $680 million at a $4.3 billion valuation just a few days ago. “We think Dapper Labs is a leader in the space at the infrastructure level with the Flow blockchain and at the application layer with NBA Top Shot. Dapper Labs has developed Flow, a new blockchain built for scalability and practical use cases, such as NBA Top Shot. Each digital card is registered as a unique token on a blockchain. The platform is based on NFTs, or non-fungible tokens. The value of these digital collectibles can go up and down over time. They can then buy and sell some of their cards to other players. Users can buy digital cards that represent NBA players and moments. Some new investors are also joining the round, such as BOND and GIC.ĭapper Labs is better known as the maker of NBA Top Shot. According to a source close to the company, today’s funding round values the company at $7.6 billion.Įxisting investors Andreessen Horowitz, GV and Version One Ventures are investing once again. Dapper Labs, the company behind popular fantasy basketball NFT game NBA Top Shot, has raised another $250 million in funding.
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