How do NBA Top Shot make money?
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How do NBA Top Shot make money?
Currently, buying packs is the easiest way to profit off of Top Shot. Many are speculating that with more and more packs being released, the value of all Moments will decrease. After all, Economic Theory states that if demand for goods is held constant, and supply is increased, the price of the goods will decrease.
What are top shot moments?
Top Shot is a form of a non-fungible tokens that’s in limited supply and has a certificate of authenticity. Think of moments on NBA Top Shot like buying sports trading cards.
What are top shot packs?
Virtual packs can be purchased and either ‘showcased’ or re-sold on the virtual marketplace with some highlights currently selling for as much as $100,000 USD. NBA Top Shot is a blockchain-based platform that allows fans to buy, sell and trade numbered versions of specific, officially-licensed video highlights.
How do you get top shots?
You can either buy singular Top Shots on the secondary marketplace or purchase card packs from NBA Top Shots directly. Currently, all card packs are sold out and often sell out extremely quickly after the release. NBA Top Shot has 2 types of card packs: a base set and a Rising Stars pack.
How much are top shot packs?
Top Shot announced that they sold over 325,000 packs via pre-order, with packs rolling out starting on April 14. Yeah, that’s a lot of packs. At $9 a pack, and over 325,000 orders, that makes the total at approximately $3 million from one, single drop.
How do you get legendary top shot in NBA?
Qualifying collectors must have met at least one of the following criteria:
- Collector held at least 15 Moments at time of snapshot OR.
- Collector held at least two rare Moments at time of snapshot OR.
- Collector held at least one legendary Moment at time of snapshot.
How often are top shot packs released?
They don’t drop on a schedule, and often the 20k or 60k packs available have hundreds of thousands of people waiting to buy them. When Top Shot announces a pack drop, they also announce a time – say, 12pm Pacific – and a few minutes before that time, you can can get in line.
Can you sell Top Shot packs?
What Else do I Need to Know about Buying Unopened Top Shot Packs? Right now, the market for buying and selling unopened Top Shot packs is unregulated and must occur off-site.
Can you gift NBA Top Shot packs?
One gift to be more specific. The Gift to be most specific. This pack is an opportunity for us to say thank you for being a friend of the community and an early adopter of NBA Top Shot. This limited-edition pack features one “The Gift” Moment from the 2020-21 season’s first trimester.
