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In August, I got Beta access to NBA Top Shot. This is where you can acquire official NBA licensed NFT collectibles. I was inspired by my fellow author, @PVMihalache, who wrote about NFTs recently, so here's my update.
Remember cardboard player cards that have a static photo on one side, and some printed text on the back? The NBA is taking the next step in the evolution of the sports collectibles market by using blockchain technology. Their latest venture combines video footage of this season's most electric plays with statistical data that fans will enjoy. The result are NBA licensed digital NFTs called Moments. Superstars and reserve players alike will have unique Moments that can be purchased, sold, or traded. The appeal of using blockchain is that authenticity, quantities, and ownership of each Moment are preserved. Collectors will eventually be able to use Moments which they own in a yet to be released mobile game. As a beta tester, I'm not allowed to disclose details about the game that I previewed.
The Western Conference Finals packs dropped on October 1, along with Premium Pack Drop 2. At time of writing, there are 5,645 of 8,991 packs remaining, but all 1,492 Premium Pack Drop 2 packs sold out very quickly.
Each Moment has a unique circulation number. There can be many copies of the moment, but each one has a unique number that it was minted with. The lower the number, the more valuable it is. For example, #1 out of 299 will hold more value than #100 out of 299.
Some Moments have been "burned", or taken out of circulation. So instead of a current circulation of 299 copies, there may only be 280 copies. Gaps will appear in the serial numbering when looking at the blockchain.
The higher the popularity of the player, the higher the value of their Moment compared to less popular players.
Moments are differentiated by three different editions:
Themed Moments in general have more value, as well as "retired" Moments which have been taken out of circulation.
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