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what crypto does nba top shot use

Does NBA Top Shot have a token?

How does Top Shot work? Top Shot is a platform where you can buy and sell digital basketball collectibles. It's powered by the Flow Blockchain made by Dapper Labs, and it uses non-fungible tokens to authenticate its digital collectibles.

Does Topshot use Ethereum?

NBA Top Shot was the first product Dapper Labs has released on their native chain Flow. The game was released on Flow rather than on Ethereum.

Does dapper use Ethereum?

In addition to using your debit card, credit card, and Dapper Balance to make purchases, you are also able to use cryptocurrency from your preferred wallet to make purchases or add to your Dapper Balance. The cryptocurrencies we currently support are: Ether (ETH)

Is Top Shot NFT legit?

NBA Top Shot is a leading sports NFT marketplace. Not only do people enjoy collecting sports memorabilia, but this marketplace offers NFTs that are officially licensed by the NBA. In a way, NBA Top Shot carries the same spirit as sports trading cards — think baseball cards, but digital.

Are Top Shots NFTs?

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, with the rarest versions being worth the most. Moments are minted in “Packs,” much like you'd expect from physical trading cards.

What chain is Top Shot on?

Flow chain
Besides the NBA TopShot contract, there are several other NFT contracts running on Flow chain. While NBA TopShot is the oldest smart contract running on Flow chain, these NFT projects are younger and now start to gain trading volume. They use Flow chain to create and distribute NFTs as collectibles and for gaming.

Does NBA Top Shot have a future?

The future is looking bright for the Top Shot platform. While the overall NFT marketplace experienced a slowdown throughout the start of 2022, Top Shot NFT sales were up some 70%. In February 2022, Dapper Labs announced the launch of the NBA All-Star VIP Pass NFT Auction and Giveaway hosted by Top Shot.

Does dapper have a coin?

Dapper Labs Unveils Flow-Native Stablecoin, FUSD, With Other ERC-20-Like Tokens to Follow – CoinDesk.

What blockchain does dapper use?

Flow blockchain
Dapper Labs introduced Flow blockchain during an $18 million public sale on CoinList. Since then, the Flow blockchain ecosystem has grown to include NBA Top Shot, UFC, NFL, Samsung, Google, MotoGP, and Ubisoft partnerships.

Is NBA Top Shot declining?

The decline of Top Shot To meet the skyrocketing demand and ease the complaints around queue waiting times, Top Shot released an influx of supply into the market. This led to a sharp downturn in market prices. Many who bought Moments at their peak were left with significant losses.

How much are Top Shot NFTs worth?

In February 2021, Jesse Schwarz bought a Top Shot NFT of LeBron James dunking for $208,000, setting a record. It was the most expensive sale in the platform's short history; at the time, the average price of a Moment — Top Shot lingo for an NFT — was $181.81, according to CryptoSlam.

Is Top Shot decentralized?

While Top Shot utilizes decentralized blockchain technology to make it easier for users to trace and verify the authenticity and scarcity of their digital collectibles, this project's business operations are fairly centralized at their base.

Is NBA top shot an NFT?

Top Shot is a blockchain-based platform that allows sports fans to buy, sell, and trade non-fungible tokens (NFTs) of NBA video highlights.

Is Top Shot an NFT?

In February 2021, Jesse Schwarz bought a Top Shot NFT of LeBron James dunking for $208,000, setting a record. It was the most expensive sale in the platform's short history; at the time, the average price of a Moment — Top Shot lingo for an NFT — was $181.81, according to CryptoSlam.

How many top shot users are there?

In February 2021, Top Shot did over $224 million in sales volume with over 80,000 unique buyers, generating over $45 million in a single day.

What crypto does dapper accept?

Cryptocurrencies can be used with your preferred digital wallet in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), DAI, and USDC. Please note, these are the Ethereum versions of both USDC and DAI. We do not support any other USDC or DAI token variations.

Is Flow built on Ethereum?

Although the Flow blockchain was launched in 2020, many consider it the successor to Ethereum. Created at Dapper Labs by the creators of the popular CryptoKitties game, Flow was introduced when CryptoKitties clogged up the Ethereum network with a user base of only about 10,000 users.

Is Top Shot still popular?

Based on data from CryptoSlam, in January 2021 alone, Top Shot generated over $40.5 million in sales volume from 19,185 unique buyers. Compared with previous months, that's a jump of 4,500 percent and 2,008 percent respectively.

How many Top Shot users are there?

Since launching its open beta last year, NBA Top Shot has close to $500 million in sales and more than 800,000 registered accounts–with more than 338,000 users holding at least one NFT, according to Dapper Labs.

Is NBA Top Shot losing value?

The decline of Top Shot This led to a sharp downturn in market prices. Many who bought Moments at their peak were left with significant losses. Resellers who did profit from their flips needed to wait anywhere from weeks to months to withdraw their money, leading to even more complaints about the project.