Some cards are going for over $200,000
By Mo Hussain, Sports Reporter
NBA Top Shot is a subcategory of non-fungible tokens (NFT), which basically means digital assets that cannot be replicated.
A massive topic of discussion among basketball fans and some other people has been a relatively brand-new website called NBA Top Shot. NBA Top Shot is essentially a digital marketplace for trading basketball cards, except rather than trading physical cards, youâre trading clips of âmomentsâ of players. For example, instead of buying a LeBron James basketball card, youâre buying a LeBron James âmomentâ from when he dunked against the Houston Rockets on February 6 2020.
Whatâs ultimately drawing a lot of attention to this marketplace is the amount of money these âmomentsâ are going for. To purchase a card such as the one mentioned above (at the time of writing this), the lowest bid one can put up is $36,000 USD and the highest is $250,000 USD.
Other cards such as when Vince Carter knocked his last three pointer in March 2020, or when Zion Williamson made a crazy block against the Denver Nuggets in January 2020, have a lowest price bid of a whopping $200,000 and $219,000 USD respectively. So this isnât just a joke.
NBA Top Shot is a subcategory of non-fungible tokens (NFT), and that basically means digital assets that cannot be replicated. NFTâs in general have blown up recently and NBA Top Shot is essentially a biproduct of that. One could also purchase other assets like digital art and virtual real estate.
However, please keep in mind that these assets are still relatively new, and as weâve seen with the recent GameStop phenomenon it is important to make sure you do your proper due diligence before investing, particularly when thereâs a lot of speculation in the market.
