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NBA Top Shot NFTs - Update for Oct 23, 2020

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Written by   75
1 year ago

This week was probably the busiest one since NBA Top Shot allowed public access for this collection of NFTs. It had a little bit of everything from new drops, to delays, to a new contest. Let's get started!

Related reading: What is a non-fungible token (NFT)?

Base Set (Release 2) dropped

Graphic 1: Base Set (Release 2) pack - Screen cap from NBA Top Shot

Release 2 of the Base Set dropped, and offered collectors on a budget an opportunity to buy some Moments. Each pack contains five from the base set, and a chance to reveal a Steph Curry, Zion Williamson, or a Luka Doncic Moment.

Only 71 of 900 of these packs remain at time of writing.

Hometown Showdown: Cali vs. NY series discontinued

Unfortunately, I did not check to see how many packs from this series remained, but the devs burned all unsold packs from this series on Monday at 12:00pm PST. I did purchase individual moments from this series previously to complete my collection for this series.

Note that when the devs burn packs, there will be gaps that appear in the serial numbers if collectors are looking for Moments that no longer exist.

Related reading: Pack opening - Hometown Showdown: Cali vs. NY

NBA Finals Rare and Legendary Moments drop drama

I previously wrote about a huge double-drop that was planned for Thu, October 15. The devs announced the drop would be postponed about an hour before it was scheduled, and we needed to wait for the devs to confirm that both drops would take place on October 19.

Then just before the double-drop on October 19, the devs announced that sales for the Finals Rares would be postponed once more due to unscheduled maintenance.

Related reading: NBA Top Shot NFTs - Rare and Legendary Finals drop this Monday!

NBA Finals Legendary drop - Mon, October 19, 2020 at 5:00pm PST

Graphic 2: 2020 NBA Finals Legendary pack - Screen cap from NBA Top Shot

Despite knowing that only the Finals Legendary packs were available at 5:00pm PST, I still tried to buy one. Unfortunately, I was not successful, despite hitting refresh regularly on my page as recommended by the devs. There were only 711 packs available, and they sold out within minutes.

Top Shot Marketplace for 2020 NBA Finals Legendary Moments

Graphic 3: Top Shot Marketplace for 2020 NBA Finals Legendary Moments - Screen cap from NBA Top Shot

Anyone have $1,795US they would like to spend to buy a Finals Legendary LeBron James Moment? Keep in mind that's the lowest asking price for serial number 44 out of 79. If you were wondering, the same Moment with serial number 3 is asking for $6,000US.

NBA Finals Rare packs drop - Wed, October 21, 2020 at 5:00pm PST

Graphic 4: The Finals Rare pack - Screen cap from NBA Top Shot

The Finals Rare packs finally dropped on October 21, 2020. I was expecting very high demand, but luckily I managed to buy a few. Within a minute, I made my first purchase. After I checked out and paid for my purchase, the Finals Rare packs were shown to be sold out. A few minutes later after refreshing my page, more packs became available, and they were sold out again shortly after that.

This happened several times, and at one point around 5:20pm PST, it showed about 1,800 packs were still available. Look at my re-tweet that I sent during the buying frenzy!

Graphic 5: Re-Tweet screen cap - Twitter

Think this drop probably sold out close to 5:40pm PST because no new packs appeared for me after hitting refresh after that. I had made two more Finals Rare pack purchases after my first one.

So which Moments did I score? My packs are still sealed, so I don't know. 😉

Top Shot Marketplace for The Finals Rare Moments

Graphic 6: NBA Top Shot Marketplace The Finals Rare Moments - Screen cap of NBA Top Shot

You will notice that a Finals Rare LeBron James Moment is more affordable than a Legendary one. The lowest asking price for a Rare Finals Lebron is $130US for serial number 305 of 750. The same Moment with serial number 2 is asking for $3,000US, but that doesn't make sense to me.

Why? It's an issue of simple supply. Let's review the asking prices again:

  • 2020 Finals Legendary LeBron James serial number 3 asking for $6,000US - only 79 ever minted

  • The Finals Rare LeBron James serial number 2 asking for $3,000US - 750 minted

There are over 9 times more Rare LeBrons than Legendary ones for the Finals. So why is the owner of the serial number 3 Rare asking for so much? As I mentioned, it doesn't make sense. The market is not mature, so I'm sure we'll see price adjustments moving forward.

NBA Top Shot Contest

Finally, a contest was hosted by NBA Top Shot (available to US and Canada only) where individuals could enter to win $200 worth of Moments. The contest closed today, so good luck to all who entered!

Thanks for reading, and stay safe!

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Graphic 1: Base Set (Release 2) - Screen cap from NBA Top Shot

Lead Image and Graphic 2: 2020 NBA Finals Legendary pack - Screen cap from NBA Top Shot

Graphic 2: NBA Top Shot Marketplace for 2020 Finals Legendary Moments- Screen cap from NBA Top Shot

Graphic 4: The Finals Rare pack - Screen cap from NBA Top Shot

Graphic 5: Re-Tweet screen cap - from Twitter

Graphic 6: NBA Top Shot Marketplace The Finals Rare Moments - Screen cap of NBA Top Shot

Graphic 7: NBA Top Shot Contest re-tweet - From Twitter


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Avatar for CryptoWordsmith
Written by   75
1 year ago
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Comments

Artiel is full of informaiton

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1 year ago

thanks for visiting! =)

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1 year ago

welcome

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1 year ago

nice written post

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1 year ago

thanks for visiting! =)

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1 year ago

Nice article by you

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1 year ago

thank you for visiting and for your kind words!

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1 year ago

Welcome

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1 year ago

How many packs did you got?

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1 year ago

i bought 5 since that is still more affordable than buying a single legendary pack!

and thx for the tip my friend!

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1 year ago

I hope in few years they will worth a fortune

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1 year ago

very informative article, your article is always well

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1 year ago

thank you so much! very kind of you to visit and for sharing your thoughts!

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1 year ago

Best of luck for you on that contest!

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1 year ago

thank you, but i would rather have some good luck with the packs that i bought! A LeBron James rare would be nice! thanks for visiting!

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1 year ago

Well written article dear

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1 year ago

Glad you enjoyed it...thanks for visiting!

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1 year ago

thanks for visiting friend!

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1 year ago

My pleasure will always be there for you friend

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1 year ago

Nice update. Thank you for your informative article and you have well writing spirit. Keep it up

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1 year ago

thank you for visiting and for your kind words!

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1 year ago

What is the reason that you kept the packs sealed? Do you plan to enjoy the suspense and open them lateron? Or do you plan to sell the packs sealed?

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1 year ago

a few reasons, and you hit one of them.

1) possible re-sale 2) treat the pack opening as future video content.

mostly cuz I'm so busy that i don't have time to deal with that right or to enjoy them right now.

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1 year ago