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NBA Top Shot’s Dapper Labs Says Pro Sports Leagues are Giving In To NFTs

Dapper Labs, the firm behind NBA Top Shot, notes that pro sports leagues are giving in to explore NFTs.

Dapper Labs’ head of partnerships, Caty Tedman while Speaking at Yahoo Finance’s All Markets Summit on Oct. 25 notes:

“The conversation has shifted dramatically, where I think there’s a little bit of an…”
“understanding that there’s something here. I meet very little resistance these days that NFTs are a thing.”

Notably, Dapper pioneers in officially-licensed sports NFTs when it launched NBA Top Shot in late 2020.
Furthermore, The firm also has partnerships with other major sporting franchises. Which includes, the National Football League (NFL), the Women’s National Basketball Association (WNBA). Of course, the Spanish soccer organization La Liga, and the Ultimate Fighting Championship (UFC).

More so, Dapper’s former discussions with the NBA, says…,

“At that time, it was a lot of explanation and we spent a lot of time with lawyers and people in…”
“finance to talk about what it looks like to have secondary revenue…”
“You don’t have secondary revenue on merchandise […]…”
“what does it look like to have ownership in perpetuity of assets for consumers.”

Also, Tedman adds how Dapper is
“lucky to start with the NBA” as the organization’s Associate Vice President of Global Partnerships & Media, Adrienne O’Keeffe. Then, as its open to explore NFTs.

Notably, NBA Top Shot NFTs generates over $32 million worth of secondary sales in October. Of course, with the figure showing a 58% increase in comparison with the month before. More so, this is according to data from CryptoSlam,

Recall, in last week, the daily trade volume for NBA Top Shot NFTs sees over 440% increase. This is after deploying its retro “Run It Back 2005-06” packs on Oct. 15.

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