Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
NBA Top Shot, the officially licensed crypto collectibles from the team behind CryptoKitties, has opened its beta version to the public.
NBA TopShot, the flagship non-fungible token (NFT)-powered game built by Dapper Labs on their Flow blockchain, has launched in open beta.
The transition to public beta came on October 1, alongside Top Shotâs launch on the Samsung Galaxy Store. Top Shot is the first app offering blockchain-based collectibles to launch on Samsungâs mobile shop. It is not yet available in the Android app store.
Top Shot allows users to collect multi-media âmomentsâ of varying scarcity representing significant highlights across basketballâs history. The limited edition tokens feature video and statistics depicting an event â like a buzzer beater shot â with users able to unlock extremely rare tokens by completing particular âsetsâ of tokens showcasing related moments.
Professional NBA player and Dapper Labs investor, Aaron Gordon, said:
âNBA Top Shot, on a scalable blockchain like Flow, is the first time fans can own a piece of the on-court action."
Top Shotâs 17,000 closed beta users have purchased nearly 43,000 packs of NFTs so far, driving more than $2 million in revenue.Â
Approximately 10,500 tokens have been traded through the platformâs marketplace, the most expensive of which thus far was a âLebron James Cosmic Dunkâ that changed hands for $5,200.
Lebron James âCosmic Dunkâ NFT: NBA Top Shot Marketplace
October 1 also saw Dapper launch the second of five waves of its rare âPremium Pack 2â tokens, with all 1,492 packs selling out in less than five minutes at $24 each. The first wave similarly sold out in just minutes, driving more than $40,000 worth of sales on September 28.
Top Shotâs âearly adoptersâ common base set also sold out this past week, following Dapperâs announcement that any unsold packs from the closed beta period would be burned prior to the platform opening up to the public.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.