Users can compete in Top Shot challenges with their NFTs and win rewards like moments, scarce packs, and prizes. The project’s ultimate goal is to give fans a gamified experience. You can download Michael Carter-Williams’ 2013 dunk, for instance. Retroactive Moments can be collected in large quantities. Even though the current season’s events determine pack drops, fans of legacy plays don’t have to worry about not getting their hands on their favorite old plays. Each Series’ timetable corresponds to the NBA season.Īs a result, users can purchase fresh digital packs of NFT Moments every week or so that highlight the most important plays from the current season. Similar to physical trading cards, moments are created in “Packs.” As a part of a Series, Sets of Packs are produced. Moments vary in rarity, but the most valuable ones are the rarest. Users of NBA Top Shot can buy, sell, and collect NBA NFTs that feature significant “Moments” that were created on the FLOW blockchain. Similar to a certificate of authenticity, NFTs are hard to copy or forge due to the technology used to create them.Īlso Read: What Are Generative Art NFTs? How Much Are They Worth? Additionally, there is the prestige of owning a portion of basketball history. Like other NFTs, which represent real-world items such as art, in-game items, and music, each Moment represents an actual item. So why would anyone pay money for video highlights when they can watch them for free on YouTube? Moments go beyond highlights.Įach Moment is an NFT that is officially licensed by the NBA and is minted with a unique serial number and data, including game and player stats. A Moment is essentially just a video clip of a particular play-like a Steph Curry layup or a LeBron James dunk, for example. The collectible potential of a video clip increases with rarity. Moments’ value rises with rarity, much like traditional sports trading cards do. Moments are the video highlight reels that are offered as NFTs on NBA Top Shot.
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