“The NBA Stock Exchange”: The hit that drives the world crazy

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Video: Beginner’s Guide: How to use the NBA TOP SHOT?

A man named Jesse Schwartz paid $ 208,000 for a LeBron James video. What went through his mind? Where did this thing happen? Why would anyone spend so much money on a clip that can be seen for free online? How could it be that it was the price in the first place? And is it possible that more people will spend such sums later? In order to answer all these questions, one must first get to know “NBA Top Shot”, the revolutionary game that drives the world crazy.

What is a Top Shot?
A collector’s paradise. Top Shot is a digital game that knows how to combine three worlds: the NBA, the romance of collectibles and money. Once those three things come together, it turns out, hundreds of millions of dollars roll in. The platform, which can be easily found online, is blockchain-based that allows fans of the best basketball league in the world to purchase, sell and trade a limited amount of official videos of highlights in league games.

If in the past cards were the collectors’ biggest “flagship commodity”, in 2021 as part of the technological revolution they were replaced by “highlights” cards. This is in fact the modern transformation: an old peeler for an innovative ‘highlights’ clip that comes to life and of course eliminates any chance of being forged, destroyed or lost. One of the people in this business, Steve Poland, claimed, “This is the future.”

While the platform has gained momentum in recent weeks, it was founded in July 2019 at the joint initiative of the NBA, the league’s players’ organization and Dapper Labs, which specializes in blockchain-based games. Because the NBA has signed an official agreement with the famous card company Panini, Top Shot focuses solely on clips and not digital cards.


How It Works?
Well, this whole story is a lot simpler than it seems. Each person can put their credit card on the site, and pay for the best moves of their favorite players, which will make them the owner of the same clip. The videos themselves can be bought in the market or taken out of packages ranging from $ 9 to $ 230 (about a month ago there was a package worth $ 999). The highest price in the market at this point is $ 250,000.

The value of the clip works according to demand and supply, everyone wants the original and exclusive clip. Each move has a certain number of copies, which of course means that the fewer copies there are, the higher the price of the move. The most prestigious series is that each card has only one copy. The second most prestigious series is one with three copies, with one copy going to the player himself, but in the other series the number of copies is much higher.

Why do people buy these clips instead of going to watch online moves? To hold on to something that no one else has, and cannot have on anyone else. The collectors’ sense of exclusivity, along with the economic aspect, play a significant role. A LeBron paper card, for example, can be made using an image from the Internet, but collectors will pay the high price for the original card.

To put it in order, here’s an example of the economy involved, which makes NBA players real stocks. Take for example Lamello Ball who was selected in third place in the last draft with quite a few question marks around him and around his suitability for the major leagues. The clip of his debut assist cost several hundred dollars in the early stages, and in recent days has reached up to $ 6,000. That is, if someone initially bought Lamelo (or Lamelo as the man Barr talks to in the video) and sold him recently, the bet paid off, literally.

Danny Abdia
Yes yes, Danny Abdia is also part of the top shot celebration. Abdia was among the first Rockies to win the clip (along with the most seniors like Lamello and James Weissman for example), and the clip was his three against Philadelphia from his first game in the NBA, which received 4,000 copies. At its peak, by the way, the price of this move in the market is in the region of $ 500.

After being included in the roster of the rising stars, Abdia won another and rarer move (not yet on the market), which will be distributed to 2021 different copies. The move chosen is the three-point clutch against the Los Angeles Lakers at Staples Center. In addition, the Israeli will receive another clip as part of a more common series, which will include 35,000 copies.

Please note that each clip has its own “serial number”. If there are 4000 copies of the three of Abdia in front of Philly, on each clip it will be written whether it is the first, second, third copy, etc. The more original, or original you want it to be, the higher its price will be.

$ 250,000 for her loss? (Photo: Private)

The madness within the NBA itself
All the stars of the NBA know Top Shot, in part because they make money from it. However, during All-Star James Harden said he did not know what a top shot was, and this surprising statement in the eyes of Americans drew reactions on networks such as “he still has no internet” and “soon he will know”.

Damian Lillard, on the other hand, is closely following the technological revolution. “I would love to see this move in the top shot,” the Portland star said of the crucial basket he scored in the All-Star that set LeBron’s side up 150-170. “I think it’s going to be pretty popular.”

The first NBA player to tweet about the top shot was Josh Hart of New Orleans, and later others like Tyris Halberton, CJ McCollum, Clint Capella, Taco Paul and more joined. On Orlando’s Twitter account, Terence Ross explained to followers what this game is. Terry Roger took the ‘hype’ one step further when he offered tickets on the floor + spending time with him after the game for those who would buy his clip at Top Shot.

The community in Israel
While Top Shot has become a hot topic in the United States, most people in Israel are still unfamiliar with the trend. Two who are trying to change the situation are Gershon Salzman and her father Danino, who founded the “Top Shot Israel Community”. The community is spread on Twitter, Facebook, WhatsApp Will open soon.

“Top Shot is really an NBA stock market,” he described Salzman To the sports channel. “The NBA as usual is groundbreaking and I think a lot more industries and leagues will go this way of top shot.” When asked why he founded the community in Israel, he said: “Honestly, I did it to share with the Israeli guys, I knew the game because I am deep in NBA affairs. We are called ‘Startup Nation’, so where are we with the technology? “.

“We need to be pioneers in this matter, especially now that we have Danny Abdia,” he added. “I felt that the Israelis in the top shot were alone. In the United States, this content is provided in English and also in other countries in Spanish, and here it did not exist. If I’m already investing hours and hours in it at night, then why not start a community with people who can exchange experiences? It’s fun life. ”

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