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In the last month, sales of NBA Top Shots NFT have increased by 72 percent

Despite the current crypto market downturn, NFTs are still thriving. In January 2022, OpenSea had $3.5 billion in sales. NBA Top Shot NFTs, a Dapper Labs NFT collection, debuted in October 2020. Top Shot was created with the intention of being purchased with money. To put it another way, to own these NFTs, collectors didn’t need to understand cryptocurrencies or blockchain.

According to CryptoSlam, Top Shot NFTs raised $53.8 million in the last 30 days, an increase of 72 percent. This week, NBA star Kevin Durant starred in a new TV and social media campaign. First-time Top Shot purchasers will receive a free Durant NFT moment. Durant just became a Coinbase ambassador, while Stephen Curry joined FTX as a worldwide ambassador.

The Ultimate Fighting Championship (UFC) Strike NFT Collectibles are Dapper Labs’ first foray into NFTs. These will primarily consist of video material from UFC events, as well as Packs, which was released on January 23.


NFL to join the NFT craze


At the conclusion of the current NFL season, NFL All Day will be available on the Flow Blockchain. Digital video highlights will be available as NFTs, however it’s unclear whether they’ll be as popular as the NFT Top Shots.

NBA Top Shot #16538716, which sold for $10,000 in the last 24 hours, was the most expensive Top Shot NFT sold, with $1.47 million in sales volume.


Top Shots has a surprising amount of popularity.


NFTs like the NBA TopShots haven’t gotten the same kind of attention from the crypto world as CryptoPunks, Bored Ape Yacht Club, Meebits, and World of Women. Durant, on the other hand, could be to blame for the recent sales uptick.


NBA Top Shot NFTs reportedly outsold CryptoKitties.


In the first week of June 2021, DappRadar detected over 70,000 traders purchasing or selling digital cards. Top Shot’s volume increased by 67 percent to more than $8 million at the time.

Dapper Labs secured $305 million in March 2021, with Michael Jordan and Kevin Durant among the major investors.

In October of 2020, Top Shot was released. Hundreds of thousands of dollars have been paid for NBA Top Shot NFTs, and Dallas Mavericks owner Mark Cuban owns 87 “Moments” NFTs.
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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.