NBA Top Shot ushered in a new era of digital basketball collectibles in the form of non-fungible tokens (NFTs). Today we will discuss about what is Top Shot NFT and how do you buy NFT Top Shots. Let's find out by reading this article .
What is Top shot NFT?
Canadian blockchain technology developer Dapper Labs is a well-known institution in the crypto industry. The company developed the wildly popular CryptoKitties, the first high-profile NFT game. In 2019, Dapper Labs announced the launch of its own blockchain network, Flow (FLOW ), and partnered with the NBA to launch the NBA Top Shot NFT platform.
The platform went live in October 2020. NBA Top Shot allows its registered users to trade short video clips of National Basketball Association (NBA) and Women's National Basketball Association (WNBA) games. Each video is its own NFT.
NBA Top Shot is built on Dapper Labs' Flow blockchain, featuring fast transaction speeds and low gas fees. The project is an innovative attempt by Dapper Labs to capitalize on the general popularity of the sports trading card concept — in this case, in a blockchain -based digital environment.
As of September 2021, NBA Top Shot has over 1 million registered users. Data from NFT market tracker DappRadar shows that more than half a million NBA Top Shots have traded on the platform for nearly $1 billion since its inception.
How does TOP shot NFT work?
NBA Top Shot allows users to buy, sell and collect NBA NFTs that showcase influential "moments" minted on the FLOW blockchain. Some moments are rarer than others, but the rarest versions are the most valuable.
Moments are minted in "packages," like you'd expect from a physical trading card. Bundles are minted as sets as part of a series. The timeline for each series runs concurrently with the NBA season. So every week or so, users can buy new NFT Moments digital packs showcasing the season's biggest dramas. While this season's events have pushed the pack down, traditional fans don't have to worry about missing out on having their past favorites. There are ample opportunities to collect retrospective moments. For example , you can get Michael Carter-Williams' 2013 dunk.
Ultimately, the project aims to create a gamified experience for fans. With their NFTs, users can participate in Top Shot challenges and win prizes, moments and rare packs. For example, for one challenge, users submitted 12 specific Series 3 Metallic Silver Fandom Edition moments to receive the Series 3 2022 All-Star Standard Pack.
How do you buy NFT Top Shots?
We will show you how to buy basketball NFTs. We will review:
- Create an NBA Top Shot Account
- Open a small wallet to store your NFTs
- Buy top photos on the market
Create NBA Top Shot Account
- Visit nbatopshop from your browser and click Sign Up in the upper right corner of the screen. You can sign up by email or by connecting your Google account.
- Next, it will give you a one-time registration code that will be used if you need to restore your account. Make sure to keep this code in a safe place in case you need it.
How to Open Up a Dapper Wallet
If you plan to keep your NBA Top Shot moments, you need to transfer them to a secure wallet. We recommend Dapper wallets as they are the creators of Top Shot, so transfers between the two are seamless.
Also, NFTs are always on the Flow blockchain because they are highlights and not still images, so you won't be able to store them in your Ethereum wallet like other NFTs.
- Visit meetdapper from the browser and download the Dapper wallet
- Once your Dapper wallet is set up, you can visit the NBA Top Shot Marketplace and start buying.
How to Buy NBA Top Shots on the Markletplace
Visit nbatopshot marketplace and you will be able to start buying your basketball NFTs. Currently, all bags are sold out, as they usually do after release. We recommend you follow NBA Top Shot on Twitter so you can be notified when the next pack will be released.
Since the bundle is sold out, you will only be able to purchase individual moments from the Marketplace. This also allows you to buy only the moments you want instead of getting random moments from the pack.
In the market, search for the moment you are interested in and click on it. It will open a screen and show you the highlights you are buying. It will also provide an overview of asking price, owner, number of collectors at the moment, average price history, and more.
Once you've found the moment you want, click "Select and Buy" and it will take you to all the moments and asking prices available for sale. Choose one, click buy, and it will now appear in your inventory.
I hope this article will help you to learn what is TOP shot NFT and how do you buy NFT top shots. While NFTs have made a splash in the fine art world, Top Shot has managed to capitalize on something less elegant and perhaps more mainstream acceptable .
