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NBA Top Shot Opens Its Beta Version To The Public

NBA Top Shot, the officially licensed crypto-collectibles built by Dapper Labs on their Flow blockchain, has opened its beta version to the public.

It has been reported that the transition to public beta came on October 1, alongside Top Shot’s launch on the Samsung Galaxy Store.

However, Top Shot is the first app offering blockchain-based collectibles to launch on Samsung’s mobile shop, as it is not yet available in the Android app store.

Top Shot allows users to collect multi-media “moments” of varying scarcity representing significant highlights across basketball’s history.

Since launching in closed beta during May, NBA Top Shot has sold more than $2 million worth of crypto collectibles — Cointelegraph (@Cointelegraph) October 2, 2020

According to the report, the limited-edition tokens feature video and statistics depicting an event, like a buzzer-beater shot, with users able to unlock extremely rare tokens by completing particular “sets” of tokens showcasing related moments.

Aaron Gordon, the Professional NBA player and Dapper Labs investor, said:

“NBA Top Shot, on a scalable blockchain like Flow, is the first time fans can own a piece of the on-court action.”

Likewise, Top Shot’s 17,000 closed beta users have purchased nearly 43,000 packs of NFTs so far, driving more than $2 million in revenue. Approximately 10,500 tokens have been traded through the platform’s marketplace, the most expensive of which far was a “Lebron James Cosmic Dunk” that changed hands for $5,200.

Thus, Top Shot’s “early adopters” common base set also sold out last week, after Dapper’s announcement that any unsold packs from the closed beta period would be burned prior to the platform opening up to the public.

Source: Cointelegraph



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