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NBA Top Shot Thread - kind of like sports card + crypto, seems money to be made....


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This is kind of awesome. Tons of money to be made. I’m getting a little addicted. All in. 
 

https://www.barstoolsports.com/blog/3348731/nba-top-shot-and-the-act-of-buying-highlights-is-impossible-to-understand-but-its-the-future-and-i-think-we-can-get-rich-from-it

Is there a thread on this yet?  Has to be, I didn’t find it in search....

Edited by Otis
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Pretty stoked with my pack.  Got Ben Simmons 3 Pointer. #1/4.

Got one. Steph curry rare all star Giannis common Ja morant LE That steph started out around $5k now $1750

Another guaranteed pack drop today through Thursday. You can get a pack for $9. Some decent moments in there too, although I expect all commons.   Good luck!

40 minutes ago, Otis said:

This is kind of awesome. Tons of money to be made. I’m getting a little addicted. All in. 
 

https://www.barstoolsports.com/blog/3348731/nba-top-shot-and-the-act-of-buying-highlights-is-impossible-to-understand-but-its-the-future-and-i-think-we-can-get-rich-from-it

Is there a thread on this yet?  Has to be, I didn’t find it in search....

This exists. What a country!

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3 minutes ago, Westerberg said:

WAT

 

This was my reaction at first too.  But then you look at what these things are selling for.... HFS....

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1 minute ago, Otis said:

This was my reaction at first too.  But then you look at what these things are selling for.... HFS....

Trying to get my mind around it. So you don't own any exclusive rights to the clip (ie anyone can still go watch it on youtube or whatever), the only real value is that you're the only one that can own it in this little market you're engaging in with other people online. I guess that's same thing as baseball cards and some of those have crazy value, but I can't imagine anyone of sound mind blowing 100 grand on one of these things already.

Looks like there's money to be made though. And yes I've checked, the packs are sold out at the moment.

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Here’s my take, it took me a couple days to get here:

- They’re basically like baseball cards. Except digital. They’re stored in a blokchain so they’re ultra secure. 

- instead of a picture it’s a “highlight” or “moment.”  So a little video clip of some highlight. 
- for common moments, they make 15,000 of them. It’s like common baseball cards. Not super rare. Each has an individual serial number. So 1 of 15,000 is worth a lot more than 14,000 of 15,000. And the serial number that matches the player’s jersey is worth insane bucks. 


- You can buy packs when they drop. It’s random and you have to be really fast to get one. The common packs are 9 bucks. You’re almost assured to get something worth more than that, and some a lot lot lot lot more. 
Packs are here: https://www.nbatopshot.com/packs

Some special edition packs are more than 9 bucks, but the cards are thus rare and worth more. 

- Right now there are no packs available. But lots and lots of people are waiting on the next one.  People are flooding into this in droves. 


- You can buy individual cards from others in the marketplace.  Here are the ones I bought today — some expensive, some cheap (my most expensive is a Lebron highlight I got for $999 — just seemed like good value because the ones at nearby serial numbers were selling for $1500 or $2000 or more). 
https://www.nbatopshot.com/user/@0tis/moments

- Here is the marketplace:

https://www.nbatopshot.com/search
 

- The NBA is all in on this supposedly. And people are going bananas rushing to this. There had been a huge boom in sports collector cards and the like recently, and this feels like sort of a cross between that and crypto. 
 

- It also feels like very early days in this. If it sticks, it could be a huge thing. And I’m just imagining this years moments showing pandemic era highlights with empty stands are going to be “special” one day, assuming this sticks around.  It is getting tons of press suddenly, apparently the website has been struggling to keep up with demand. 
 

- I bought a few big cards but a good strategy seems to be buying lower value rookie and young players who will have an impact later. Also buying moments that are in smaller lots/less common. But Christ, these get really expensive really fast....

- I am able to deposit and purchase using crypto direct from my Coinbase account. Love that. Also the fastest way to move money out supposedly (just further legitimizes both Coinbase and this in my mind...). 
 

Nobody else doing this here?  With all these NBA nerds I’m surprised. Truthfully I haven’t watched much NBA in 20 years and so I don’t know who half the players are, but this gives me an excuse to start watching again...

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3 minutes ago, Westerberg said:

Trying to get my mind around it. So you don't own any exclusive rights to the clip (ie anyone can still go watch it on youtube or whatever), the only real value is that you're the only one that can own it in this little market you're engaging in with other people online. I guess that's same thing as baseball cards and some of those have crazy value, but I can't imagine anyone of sound mind blowing 100 grand on one of these things already.

Looks like there's money to be made though. And yes I've checked, the packs are sold out at the moment.

See my explanation above. It took me a while to wrap my head around it too. I was very much wtf at first. But yeah, it’s basically digital baseball cards, stored on a blockchain, more closely tracked and protected, and instantaneous transactions. That’s how I see it. 

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  • Otis changed the title to NBA Top Shot Thread - kind of like sports card + crypto, seems money to be made....
Just now, BassNBrew said:

Similar to crypto?

I guess. I don’t really get that either. But the supposed allure of crypto is using it as a default currency, so it actually has purchasing power. Are these highlight clips, that are readily available anywhere, going to be used as currency at some point? 

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29 minutes ago, fruity pebbles said:

I guess. I don’t really get that either. But the supposed allure of crypto is using it as a default currency, so it actually has purchasing power. Are these highlight clips, that are readily available anywhere, going to be used as currency at some point? 

Yeah. Already trading them for Oats currency 

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1 hour ago, fruity pebbles said:

Not sure I get it. What do you actually own if anyone can still go online and see the highlight whenever? 

Same as a baseball card. You don’t own Mark McGuire. You don’t even own that picture or Mark McGuire. Anyone can go online and look at that same picture. Got it!

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4 hours ago, Desert_Power said:

Seems like the winning play is to try and get the packs when they come out. Agree this is like sports cards meets bitcoin. Both of which are very hot right now.

This for sure. A pack dropped today. Two BILs, two cousins and I all lined up. There were at least 40k people in line for 5k Packs. I drew around 9k in line and was closest, but still fell short. People had some nice pulls in these packs. Looking forward to better luck in the next drop. 

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As a card collector I have been interested in getting involved with this (I was just talking to my wife about this yesterday), but the thing that scares me about this is the NBA or the Players Association just going, "Hey this is our copyrighted property," and that is that. They may be supporting this now, but what if they decide they want a piece of this pie?

A trading card I physically have possession of--this product exists in the cyber-world and could disappear tomorrow. .

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52 minutes ago, Courtjester said:

As a card collector I have been interested in getting involved with this (I was just talking to my wife about this yesterday), but the thing that scares me about this is the NBA or the Players Association just going, "Hey this is our copyrighted property," and that is that. They may be supporting this now, but what if they decide they want a piece of this pie?

A trading card I physically have possession of--this product exists in the cyber-world and could disappear tomorrow. .

They couldn’t have done this without NBA already being fully on board. NBA would love for this to be a massive success. 

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2 hours ago, fruity pebbles said:

I guess. I don’t really get that either. But the supposed allure of crypto is using it as a default currency, so it actually has purchasing power. Are these highlight clips, that are readily available anywhere, going to be used as currency at some point? 

No and neither is pretty much any crypto people speculate in.

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1 hour ago, Otis said:

This for sure. A pack dropped today. Two BILs, two cousins and I all lined up. There were at least 40k people in line for 5k Packs. I drew around 9k in line and was closest, but still fell short. People had some nice pulls in these packs. Looking forward to better luck in the next drop. 

Do they email you when those happen?

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4 minutes ago, Desert_Power said:

Do they email you when those happen?

I’m signed up for emails and on for notifications on their Twitter account, but neither came through fast—my cousin texted us. No idea how he knew—La Familia or one of those things?  He’s big in the sneaker drops etc, snd these folks have ways of tracking new drops and the like which I don’t understand. You had to jump on within minutes, then you got randomly assigned a place in line. I was the closest and still a few thousand shy of a pack. Supposedly lots of bots and sneaky crap in folks getting them (as with sneakers, PS5, etc etc). 
 

Next time. 

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Just now, AAABatteries said:

I just tried to explain this to my wife.  I feel like I’m 100 years old.

Just tell her “electronic baseball card.”

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On 2/20/2021 at 1:52 PM, Otis said:

This one is so great. So Otis. Shoot it, and turn and stare at the bench before you see it go in. 

https://www.nbatopshot.com/moment/0tis+7261d271-b050-4340-8ce7-d9deb3922635

Am I reading it correctly that someone sold the #23 serial number for 70k? https://www.nbatopshot.com/listings/p2p/208ae30a-a4fe-42d4-9e51-e6fd1ad2a7a9+8d5f8379-aa09-4bd1-9a71-80e5a606cb63

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Wasn’t there something similar to this previously where you could buy “stock” of a player that wasn’t tied to anything more than what other people on the platform would pay for that “stock”? If I recall, it was all the rage for a couple of months and then all fell apart when people realized that there was no actual item of value they were “investing” in and it was essentially a Ponzi scheme?

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6 minutes ago, GroveDiesel said:

Wasn’t there something similar to this previously where you could buy “stock” of a player that wasn’t tied to anything more than what other people on the platform would pay for that “stock”? If I recall, it was all the rage for a couple of months and then all fell apart when people realized that there was no actual item of value they were “investing” in and it was essentially a Ponzi scheme?

Liked Hollywood Stock Exchange? 

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the twitter touts got in on this early and have been taking gigantic victory laps - especially in the last week or so.  

really don't get it - and seems really huckstery.  

these TopShot guys are more obnoxious than the bitcoin guys if you can imagine that.

 

ETA:  just ran across this exchange 

JeffElJefe

@JeffKCollins

The people that muted or ignored TopShot on Twitter are massive fish, there’s no way around it.

7:24 PM · Feb 21, 2021·Twitter for iPhone

 

CJ Kaltenbach

@TheSeigeDFS

i took a nap and my collection increased 25% in value lol

 

JeffElJefe

@JeffKCollins

Must have been a short nap

 

Tim Turner

@quantimturner

Imagine muting making money.

 

Mon. AM ETA:

 

Davis Mattek

I cannot imagine the paralyzing FOMO i would have if literally all of my online friends were getting rich on TopShots and I didn't have an account

 

Edited by Binky The Doormat
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4 hours ago, Desert_Power said:

What's this now?

https://wefunder.com/pj-washington

Quote

You are investing in preferred stock of PJ WASHINGTON, Inc., a company that focuses on generating profits from non-exclusive services in brand management, wealth management, strategic investments, data analytics, consulting, and other businesses operations associated with PJ Washington Jr. and his company PJW LTD. PJW LTD. was established as a savings and investment vehicle for PJ Washington Jr.’s future earnings.

Additionally, PJ Washington, Inc. may invest in Promissory Notes issued by PJW LTD. Income from these promissory notes will add to the revenues of the corporation.  Net proceeds of the offering may also be invested in limited partnership interests of The Sports & Entertainment Fund LP, which is managed by Adara Asset Management LLC.

Preferred stock dividends accrue at 5% a year, payable in preference to common stock as and when declared by the board, plus any additional declared dividends are paid pro rate with common stock.

Preferred shares will be redeemed on June 6, 2030, or earlier at the option of the company, at the original issue price plus all accrued and unpaid dividends.

 

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8 hours ago, Binky The Doormat said:

the twitter touts got in on this early and have been taking gigantic victory laps - especially in the last week or so.  

really don't get it - and seems really huckstery.  

these TopShot guys are more obnoxious than the bitcoin guys if you can imagine that.

 

ETA:  just ran across this exchange 

JeffElJefe

@JeffKCollins

The people that muted or ignored TopShot on Twitter are massive fish, there’s no way around it.

7:24 PM · Feb 21, 2021·Twitter for iPhone

 

CJ Kaltenbach

@TheSeigeDFS

i took a nap and my collection increased 25% in value lol

 

JeffElJefe

@JeffKCollins

Must have been a short nap

 

Tim Turner

@quantimturner

Imagine muting making money.

 

That is hard to believe as I know some bitcoin people and most are beyond annoying.  

 

I would pay $1.50 for a Artis Gilmore ABA highlight, am I doing this right?

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the nba is partnered with this.  so far Josh Hart and Josh Green have done pack openings on youtube and touted this on their social media platforms.  prices spiked afterwards both times.  imagine what happens when james hardens twitch streams a pack opening from the strip club.

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I'm in heavily on this.  Prices doubled overnight.  I can't seem to throw money at it fast enough.  The Lebron Moment I bought for $999 a couple days ago -- which was the cheapest Lebron you could get at the time -- is already up over 3x.

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16 hours ago, GroveDiesel said:

Wasn’t there something similar to this previously where you could buy “stock” of a player that wasn’t tied to anything more than what other people on the platform would pay for that “stock”? If I recall, it was all the rage for a couple of months and then all fell apart when people realized that there was no actual item of value they were “investing” in and it was essentially a Ponzi scheme?

This will be similar. Based on the numbers in the article (how many of ea h highlight) there are likely more highlights than bitcoins and there will be new ones every year. I’d think the non-exclusiveness of these things will crash them over time. I mean, if you owned the rights like a song where you made money off them when the songs were played, I could get it. There is no wear and tear on these things so there’s no real grading.

The only people who will make out in the end are the people who started this and the NBA (who's get paid for the access). I assume players are getting paid too which is why they are sponsoring packs and such.

There is so much unbelievable froth in bad stocks (GameStop, SPACs), crypto, these things and others. Getting pretty nervous because it’s like cars inserts, sure there is some rarity for one particular insert, but is it really rare when there are 1 million different 1 out of 5 inserts?

There is no revenue stream or exclusivity in this, only a hope that your highlight keeps increasing in value. At least if you own a stock, you own a part of that company, or if you own Bitcoin, you know that there is a cap and there is some utility to it. This isn’t an inflation hedge and you can’t spend it or get income from it. Call me when the hot TikToks start selling snippets that you don’t technically own the video rights for and I’ll line up to get #1 of 20,000 that I can watch on TikTokHighlightExchange.com instead of watching it on TikTok.

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2 minutes ago, stbugs said:

This will be similar. Based on the numbers in the article (how many of ea h highlight) there are likely more highlights than bitcoins and there will be new ones every year. I’d think the non-exclusiveness of these things will crash them over time. I mean, if you owned the rights like a song where you made money off them when the songs were played, I could get it. There is no wear and tear on these things so there’s no real grading.

The only people who will make out in the end are the people who started this and the NBA (who's get paid for the access). I assume players are getting paid too which is why they are sponsoring packs and such.

There is so much unbelievable froth in bad stocks (GameStop, SPACs), crypto, these things and others. Getting pretty nervous because it’s like cars inserts, sure there is some rarity for one particular insert, but is it really rare when there are 1 million different 1 out of 5 inserts?

There is no revenue stream or exclusivity in this, only a hope that your highlight keeps increasing in value. At least if you own a stock, you own a part of that company, or if you own Bitcoin, you know that there is a cap and there is some utility to it. This isn’t an inflation hedge and you can’t spend it or get income from it. Call me when the hot TikToks start selling snippets that you don’t technically own the video rights for and I’ll line up to get #1 of 20,000 that I can watch on TikTokHighlightExchange.com instead of watching it on TikTok.

Pull up a chair and join me grumpy ol' man.

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2 hours ago, Peyton Marino said:

That Dappradar site wouldn’t be owned by Dapper Labs, the folks who created these highlight coins?

https://m.facebook.com/dappradar/posts/378986856144500 

How are the prices for Mold Magicians in Cheese Wizards holding up a couple years later?

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