LE stands for “Limited Edition,” meaning these Moments are finite and usually in lower quantities (50, 100, 750, etc. edition sizes). The largest sales on the site usually come from these LEs. Top Shop opened the platform to a select few early supporters for beta testing in June 2020.
- The platform is run using Dapper Labs’s Flow blockchain, and gives users the ability to trade digital assets based on video clips from NBA games.
- Caty Tedman, head of partnerships at Dapper Labs, explained during SportsPro Live that the development was a fan-led process.
- TSF later clarified that he maintains his support for the project, and urges others to do the same.
- NBA Top Shot’s continued decline last month came amid the start of the new NBA season—a potential boon for renewed interest and excitement around the NFT collectibles.
- Configure the contracts & deployment section of the initialized flow.json file.
- The largest sales on the site usually come from these LEs.
The scarcity is somewhat manufactured since NBA Top Shot releases Moments on its website in digital packs via limited events called “Drops.” Drop times vary, so users have to stay tuned for announcements. A marketplace is a place where you can buy and sell Moments with other members of the community. All transactions on the marketplace are done using flow, the cryptocurrency that powers NBA Top Shot.
When a user wants to sell their Moment, they create a sale collection in their account and specify a beneficiary of a cut of the sale if they wish. The Flow Beta mainnet is still a work in progress and still has a limited number of accounts that can run nodes and submit transactions. Anyone can read data from the contract by running any of the scripts in thetransactions directory using one of the public access nodes. You can also see the scripts in transactions/scripts to see how information can be read from the real Top Shot smart contract deployed on the Flow Beta Mainnet.
UFC Strike is a whole new way to connect with the sport and own officially licensed, epic video highlight based NFTs straight out of the Octagon. Vancouver-based Big Whale Labs, a web 3 social startup, raised $650,000 USD in pre-seed funding to accelerate the development of its initial product. Account Valuation True Value Log in to TrackSniper Find real-time deals in the NBA Top Shot marketplace. NFTNerds is a leading NFT trading platform that provides detailed collection analytics. The moment is locked even if expiry has passed until the owner requests it be unlocked. The address which owns the locked NFT must make an unlocking transaction once it is eligible.
TopShot Locking Contract Overview
Structuring the currently widespread and unorganized NFT ecosystem for our users, to empower educated investment decisions. Starting with Flow chain, we will make organized data for all popular NFT contracts easily accessible via our API. Powered by our collected data, we will provide our users with data driven NFT analytics and customizable dashboards to get a comprehensible NFT portfolio overview. Keeping the basketball fans actively involved, NBA TopShot has launched so-called Challenges as a gamifying element. If the demanded kind and number of NBA TopShot NFTs is verifiably held by one collector, this collector can create a so-called showcase.
The NFT marketplace allows you to buy and sell original NBA digital content. Still, Top Shot suffers by comparison to another famous NFT project — one that wasn’t on the radar during the Top Shot craze of early 2021. People who held Bored Apes could use a serum to create Mutant Apes; they also received free ApeCoin that they can use as in-game currency for Benji Bananas — or that they could simply sell. The other thing the Bored Apes changed was the profile photo. Before them, says Doucet, making an NFT your profile picture on social networks such as Twitter wasn’t really a thing.
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Last year, sales on Top Shot spiked in mid-October, just as the NBA season got underway. In October, NBA Top Shot’s marketplace generated the lowest total dollar amount of sales since December 2020. Dapper’s Flow-based collectibles platform yielded just $2.7 million in trades in October as the wider NFT market declined further. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
The top shot marketplace contract was designed in the very early days of Cadence, and therefore uses some language features that are NOT RECOMMENDED to use by newer projects. For example, the marketplace contract stores the moments that are for sale in the sale collection. The correct way to manage this in cadence is to give a collection capability to the market collection so that the nfts do not have to leave the main collection when going up for sale.
That slammed the Top Shot’s servers, and so there was a period where the company didn’t release new packs. That pushed prices up, which led to more media coverage, which led to new users, which pushed the prices up further. “And then we reached these very, very, very high levels that I don’t think anyone expected, the prices were up, I don’t know, 50 to 100 times over, like, a four week period,” Levy says. With top figures like Gharegozlou voicing their support for Top Shot, it’ll be exciting to see what other notable names are added to the ecosystem during the next NFT market influx. Typically, low and perfect (100/100) mint numbers always fetch a higher price. This was true for trading card valuation and is definitely still true in NFTs.
While the overall NFT marketplace experienced a slowdown throughout the start of 2022, Top Shot NFT sales were up some 70%. Thanks to a few key announcements, 2022 looked to be a promising year for the NFT space’s premier NBA-licensed IP. In January 2021, a group including FantasyLabsco-founders Jonathan Bales and Peter Jennings bought a Ja Morant Moment for $35,000.
It also runs the contract’sinit function, which initializes the contract storage variables, stores the Collection and Admin resources in account storage, and creates links to the Collection. https://cryptolisting.org/ Editions start out open, and an admin can mint as many Moments they want from the edition. When an admin retires the edition, Moments can no longer be minted from that edition.
Topshot’s biggest failure was snubbing casuals
Emitted when a new series has been triggered by an admin. In TopShot.cdc, make sure it imports NonFungibleToken from the account you deployed it to. Multiple Moments can be minted from the same edition and each receives a serial number that indicates where in the edition it was minted. Contracts contain the source code for the Top Shot contracts that are deployed to Flow. NFT market was still booming, Top Shot did $59 million in trades in January 2022.
The 14 Best Solana NFT Marketplaces (
Creating new sets with transactions/admin/create_set.cdc. Creating new plays with transactions/admin/create_play.cdc. On TopShot.cdc substitute the placeholder address import NonFungibleToken from 0xNFTADDRESS with the address the NonFungibleToken was deployed to.
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Characters designed by the artist Ben Mauro are distributed as limited edition NFTs. As the two projects above, Evolution is offering rewards to those collectors holding a set of certain NFTs. These rewards again are special and rare NFTs collectibles. This is, although the Evolution project is two month older — launched in march 2021. These digital collectibles are stored on the blockchain and are comparable with a digital version of a trading card. You can buy, sell or trade these Moments just like you can with other NFT collectibles.
Flow is a blockchain built to support games, apps, and digital assets. NBA Top Shot is an NFT marketplace platform for owning plays made in basketball games. From starters to sixth men to the team that makes up the bench, NBA players do incredible things every night and the PA helps what is citrus us bring that to life in Top Shot. Emitted when a new play has been created and added to the smart contract by an admin. Navigate to transactions/admin/create_set.cdc Substitute the placeholder address import TopShot from 0xNFTADDRESS with the address TopShot.cdc was deployed to.
If the collection was not in storage when the Moment was deposited, to will be nil. Id refers to the global Moment ID. If the collection was in an account’s storage when it was withdrawn, from will show the address of the account that it was withdrawn from. If the collection was not in storage when the Moment was withdrawn, from will be nil. Emitted when a set is locked, meaning plays cannot be added. Above the contract definition pub contract interface NonFungibleToken you will see and press text to deploy this contract to the service account.
Overall NFT sales on Flow dipped 60% in October, said DappRadar, amid a 25% drop in trading volume across the wider NFT market. This should help prevent flooding the market with duplicate products, preventing the sort of market oversupply that was seen in baseball cards in the 1990s. Like trading cards, Moments are finite, and NBA Top Shot determines how many to release at once. So, getting a Moment that’s 1 in 49 is more valuable than one that’s 1 in 11,000. Like all NFTs, a Moment is only worth what a buyer is willing to pay in the secondary market.
NBA Top Shot allows users to buy, sell, and collect NBA NFTs that showcase influential “Moments” minted on the FLOW blockchain. Some Moments are rarer than others, but the rarest versions are worth the most. Our mission at datash is to become a one-stop shop for NFT data analytics, data extraction and NFT portfolio overview.