- NBA Top Shot is a series of collectible trading cards issued as non-fungible tokens, or NFTs.
- Each NFT represents a “moment” from basketball history.
NBA Top Shot is the latest crypto collectibles craze, in which the most iconic moments in NBA history are turned into non-fungible tokens, or.
An NFT is a special type of cryptocurrency token that’s cryptographically unique—meaning that, like physical collectibles such as trading cards, they have a limited supply. And they’re becoming a worldwide phenomenon—with NBA Top Shot leading the way.
In the last month alone, 100,000 people have purchased NBA Top Shot moments, according to data provider CryptoSlam, either hoping to possess their star’s favorite jump shot or to make money by selling it for a higher price.
With the increased attention, prices for NBA Top Shots are rising. Current prices range from $14 for a Rudy Gay dunk to $240,000 for a Ja Morant dunk.
What are NBA Top Shot collectibles?
NBA Top Shot is the biggest mainstream example of digital collectible cards. You can think of them as trading cards, but instead of being printed on card, they’re kept on a blockchain. This means you can keep them in your digital wallet and send them to other people, or sell them in online marketplaces.
Each Top Shot features a moment from basketball history, in the form of a short video clip.
Similar to trading cards, there are multiple cards for each moment. Packs are released in various sizes, with smaller packs increasing the rarity of the cards. The common tier includes packs that have 10,000 cards or more. The rare tier has packs of 150-4,999 cards and the legendary tier limits them to 25-499 cards.
Within each pack, each card has its own serial number. But these can cause prices to vary wildly. For example, for a Jayson Tatum jump shot, the lowest ask is $52; the highest sale, for serial #5206, $28,000. That’s a huge discrepancy for the same card—something to bear in mind if you’re looking to resell the cards.
There are multiple trading sets too. The “For The Win” series comprises 10 specific moments from one of Spencer Dinwiddie’s jump shots to a Nemanja Bjelica three-pointer. They are all rare cards.
Creating an account with Dapper Labs
Unlike traditional trading cards, these collectibles aren’t printed out on paper and sold in physical stores. Rather, NBA Top Shot cards are stored on the Flow blockchain, which was built by Dapper Labs (the team behind early NFT phenomenon CryptoKitties). So they’re a…