Tag: NBA Top Shot

Launched in July 2020, the project saw …

Launched in July 2020, the project saw most of its gains during the NFT craze of 2021. According to data from CryptoSlam, the collection has recorded sales worth $1,011,895,237.38 since its launch. With a 901.95% spike in sales volume in the last 24 hours, the NBA Top Shot collection ranked number #7 on CryptoSlam’s list of NFT collection rankings by sales volume. So what exactly happened in the last 24 hours?

According to NBA Top Shot’s website, …

According to NBA Top Shot’s website, the collection will drop on June 7 and be composed of 1,600 NFT packs that include moments from Johnson’s career, with a price tag of $399 per pack. The company said 1,200 of the packs will be airdropped to people with a Top Shot score of at least 150,000, and the remaining 400 will be freely available regardless of a buyer’s score.

Despite the volatility, activity of …

Mark Cuban on NBA Top Shot: ‘It’s great for our business’

Dallas Mavericks owner Mark Cuban, an NFT and crypto advocate, shared via email his thoughts on NBA Top Shot and the company’s outlook. “I’m thrilled from an NBA perspective. It’s great for our business,” he said. “I think their challenge is serving multiple masters, their collectors, their speculators, the yin and yang of supporting developers of apps on their Flow blockchain and speculators in their token. “They have taken on a huge and difficult challenge. The reality is that Top Shot is their proof of concept for their blockchain, but they will need much more to sustain Flow. Which is why I think they have raised so much money. Running a blockchain is a very difficult business.”

“In February, Dapper Labs’ NBA Top Shot …

“In February, Dapper Labs’ NBA Top Shot generated $226 million in trades, accounting for 46 percent of the record NFT trading volume,” DappRadar wrote in its annual industry report published in December. “Although the next wave of Ethereum NFT collectibles caused the robust metrics, it is essential to highlight that Flow’s collection was a critical NFT catalyst for the rest of the year and a sign of things to come.” Overall, NFT projects across all categories did $21-$23 billion, per industry tracking reports, up from about $100 million in 2020 sales and trades.

That NBA Top Shot sales plummeted since …

That NBA Top Shot sales plummeted since the initial explosion isn’t a surprise. In fact, one company executive said that because NBA Top Shot was a beta test phase product, there were no real financial expectations. And because the NFT/crypto industry remains in its infancy, there still are no firm sales goals. “There is no plan. We still consider it a beta,” said Caty Tedman, Dapper Labs’ head of partnerships, in a phone interview last week. “We didn’t know what this industry would look like. … No one has a blueprint for this, so we’re trying to create a blueprint for ourselves.”

Spencer Dinwiddie Q&A: How he used his ACL rehab to create a new blockchain app for creators

Spencer Dinwiddie, who is reportedly nearing a long-term deal to sign with the Washington Wizards, has a lot more to offer than his scoring.

NBA guard Spencer Dinwiddie was recovering from a torn ACL in the midst of a pandemic. Outside of his rehab, he had nothing but time on his hands.

If you follow Dinwiddie on social media, you’ve seen him tweet his insights about cryptocurrency, investments, blockchain, NFTs and more. The 28-year-old, who played for the Brooklyn Nets between 2016 and 2021, is applying that knowledge into one place as the chairman and co-founder of Calaxy.

Calaxy, a social media app he is launching for creators that is currently in beta testing, is designed to use the blockchain to reimagine the way people use social media. He aims to empower more meaningful and fulfilling fan experiences by giving creators a toolkit to interact with their fans in one place — while also rewarding fans for their engagement.

The company has already raised $7.5 million in funding, including notable investments from the likes of NFL star Ezekiel Elliott and The Bachelor‘s Matt James. Some of the other big names attached include entertainment superstar Teyana Taylor and NBA champion Iman Shumpert.

Dinwiddie, who will reportedly join the Washington Wizards on a multi-year deal, told For The Win that he will also continue promoting Calaxy on his Instagram and that you can request a beta key on their website before their launch in the App Store — which will likely come around Q3.

Please note this interview was minorly edited in its transcript for clarity.