Y'all getting on that NBA Top Shots
Everyone is buying highlights ... but why?
www.sbnation.com
Take a stroll around social media and you’ll see no shortage of people talking about “NBA Top Shot,” a collectible, blockchain-based highlight repository that has been around since July of 2019, but caught fire in the last week with over $50M in revenue hauled in by people still trying to get in on the ground floor of the pseudo crypto currency.
The scarcity is what is bringing people in to Top Shot, and the system is going wild. Right now the highest-priced Top Shot available for auction
is a block by Zion Williamson against the Nuggets from January, 2020 — with a ludicrous asking price of $250,000.
It’s addictive and exciting for those involved, and to outsiders the dumbest thing in the world.
Why are people paying for trading card-esque “packs” of random highlights, which you can watch for free on YouTube, with no material value? Is this the future of sports collectibles, or a massive grift? And will early adopters be millionaires in 10 years, or the new generation of Beanie Baby collectors?
