Is NBA Top Shot Legit?

Is NBA Top Shot Legit? We take a look at the new NBA collectibles game and explore whether it’s worth your time and money.

What is NBA Top Shot?

NBA Top Shot is a new online marketplace created by the NBA and Canadian digital collectibles startup Dapper Labs. The site launched in October 2019 with a beta version of the product, and it allows users to buy, sell, or trade officially licensed digital collectibles of NBA moments.

Each digital collectible, or “Moment,” is created using highlights from actual NBA games, and they are stored on the blockchain. Moments can be traded or sold on the site’s secondary market, and they can also be used to play games within the Top Shot ecosystem.

NBA Top Shot Moments are currently available in packs of four or five, with each pack containing one random Moment. Packs can be purchased through the NBA Top Shot website for anywhere from $9 to $230.

How does it work?

NBA Top Shot is a new online marketplace that sells digital collectibles of NBA moments. Each digital collectible, or “Moment,” is a video clip of an amazing play, complete with game and player statistics. NBA Top Shot Moments are stored on the Ethereum blockchain, which is a decentralized public ledger. This means that anyone can buy or sell Moments on NBA Top Shot, and theMoments cannot be counterfeit.

What are the benefits?

There are several benefits to NBA Top Shot. First, it is a legitimate way to invest in basketball. NBA Top Shot is affiliated with the National Basketball Association, and you can be certain that your investment is backed by a reputable organization.

Second, NBA Top Shot is a convenient way to invest in basketball. You can buy packs of cards or individual cards, and you can view all of the cards in your collection online. There is no need to keep track of physical cards or go to a store to purchase them.

Third, NBA Top Shot offers the potential for significant profits. The value of individual cards has already reached into the thousands of dollars, and as the popularity of Top Shot grows, the values are likely to increase. This provides an opportunity for those who invest early to see significant returns on their investment.

What are the risks?

When buying packs or opening packs of NBA Top Shot, you are essentially gambling. The odds are not in your favor when it comes to making a profit. In fact, according to the website The Balance, the odds of pulling a Zion Williamson rookie card from a pack of Panini Prizm is 1 in 23. Not even one in 10.

While there is always a chance you will get lucky and get a valuable card from a pack, there is also the chance that you will end up with cards that are not worth very much. And since there is no guarantee that your card will increase in value over time, there is a risk that you could end up losing money if you decide to sell your cards down the line.

Of course, as with any investment, there is always the potential for profit. So if you’re willing to take on the risks, NBA Top Shot could be a fun and rewarding hobby. Just be sure to do your research and only invest what you can afford to lose.

Is it worth it?

Only time will tell if NBA Top Shot is worth it, but there are a few things to keep in mind. First, the company behind NBA Top Shot is Dapper Labs, which also created CryptoKitties. So they have experience with blockchain-based digital collectibles. Second, NBA Top Shot is already pretty popular, with some moments selling for thousands of dollars. So there is clearly demand for this product. Finally, it’s worth noting that NBA Top Shot is not an investment, so you shouldn’t expect to make any money from it. Instead, it’s a fun way to collect digital versions of your favorite basketball moments.