NBA blockchain collectible card market moves over R $ 200 million in 24 hours

NBA Top Shot, the blockchain platform of the North American basketball league for trading trading cards, broke a trading record last weekend, according to the Exame article.

NBA Top Shot, which is a partnership between the league and Dapper Labs, moved $ 37.8 million in 24 hours, or R $ 208 million in current values.

In the market, NBA players and moves are traded in digital version, with game scenes transformed into non-fungible tokens (NFT), which can be traded by platform users.

Tokens linked to collectible cards value according to rarity, the moment of the game, the final result, the serial number and the circulation of exclusive cards, just as it happened with the basketball league physical card collections in the 1990s and 2000.

According to data from Cryptoslam, almost 30,000 users were responsible for 151,000 transactions in the NBA Top Shot, which represents the amount of more than R $ 200 million in the last 24 hours. It is the record for the platform at all times.

Extending the analysis to the last 30 days, the numbers are more impressive, with US $ 145 million traded (R $ 800 million) by 52,000 users.

The NFT market has heated up in recent months, reaching other impressive numbers. Last Sunday, a collectible from Portuguese Cristiano Ronaldo in NFT was traded on the Sorare platform, dedicated to football, for $ 105,000 in ETH.

In addition to basketball and football, Formula 1, which represents the world’s motorsport elite, also has a collectible NFT platform, F1 Delta Time, and recently announced that it can issue a fan token in partnership with Socios.

Another fever in the card universe, the Marvel universe, also recently came to attention with an NFT of the hero Spiderman sold for $ 25,000.

Non-fungible tokens have proven their usability by allowing the issuance of a single token linked to a real asset, be it a sporting image, a work of art or a historic item.

Last year, Cointelegraph Brasil published an article showing that it is possible to buy historic shirts from the Brazilian team, 1,500 coins and even works of art by artists like Cândido Portinari through NFTs.



Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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