First-timers are advised to foray cautiously into the NBA Top Shot NFT marketplace.
NBA Top Shot is a nonfungible token marketplace that enables basketball fans to buy, sell and trade NBA-themed digital collectibles.
a winning three-pointe from Luka Dončić to a dunk from Lebron James, depending on their availability.The concept is akin to traditional sports collectible where fans attempt to acquire the rarest of items associated with teams, with an aim to either collect or sell it later at a higher price. Except, in the case of NFTs, these collectibles are digital — unique cryptographic tokens that exist on a blockchain and theoretically cannot be replicated.
Each Moment has a unique serial number attached to it, which guarantees its authenticity and shows its rarity. In addition, the Dapper Labs team creates only a limited number of NFTs to ensure scarcity. As a result, the commonly available Moments are cheaper in valuation than the rarer ones. The NBA Top ShotAn NFT is a one-of-a-kind, non-fungible, cryptographic token representing a unique digital asset for which there is no copy or substitute.
Moments come as a part of"Packs," similar to how traditional sports cards come in a bundle. In turn, packs are a part of the so-called"Series," which gets launched concurrently with the NBA season. So, fans can collect new packs of NFT moments that feature the season's best highlights.
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