Peyton Marino
Footballguy
but now that I see you're aligned so hard against this I may have to reconsider
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NBA Top Shot Thread - kind of like sports card + crypto, seems money to be made.... (1 Viewer)
- Thread starter Otis
- Start date
but now that I see you're aligned so hard against this I may have to reconsider
I’m not trying to convince you, have fun. It just doesn’t interest me at all especially as an investment.
but now that I see you're aligned so hard against this I may have to reconsider
I just had to laugh because I can only assume that the site you linked is sponsored by one of the creators of the highlights. A wee bit of conflict of interest in trying to tell people how to value them and also funny that my search brought up auctions for Mold Magicians in the Cheese Wizards set.
Peyton Marino
Footballguy
they have a stake in the company doing well, yes. it's still an informative write-up for someone trying to learn about the moments and what makes a $20,000 Lebron hologram dunk with Serial No. 20 worth more than a $5,000 Kevin Durant 3 pointer with Serial No. 85.
like I said, long term I can't imagine these holding their current valuations. with that said, the comparison to the Cheese Wizards is silly. the NBA is a partner here. players are discussing these on social media and going into the discord chat to interact with fans. Mark Cuban is talking about it on CNBC. Otis started a thread about them on footballguys.com!
in all honesty, i'm probably closer to your view than I am to that of a TopShot bull. but they did something like $50 million in volume over the weekend. when I don't understand something that everyone else seems to be in on, my first instinct is to try to learn more before dismissing it.
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BassNBrew
Footballguy
Capella
Footballguy
Binky The Doormat
Footballguy
Worm
slimy ninja
FairWarning
Footballguy
SpurrierisisGod
Footballguy
The pack drop process is stressful and maddening. Me and 4 friends all joined the que last night. 1 of us got lucky (and pulled a nice Luka). The rest of us were so far down the line we just left.
I have purchase 5 moments in the last few days off of tips from my son who follows nba. I spent around 200 and my account is "worth" about 250 so there's that.
I have purchase 5 moments in the last few days off of tips from my son who follows nba. I spent around 200 and my account is "worth" about 250 so there's that.
I got a buddy who's rich, professional poker player, and always seems to be fairly pragmatic about these kinds of things.
I think he said he invested about $10,000 in a ton of these NBA Top Shot things. Which killed him because as a product of the 80s he used to collect baseball cards which are of course a physical thing
But his layman explanation was that this is the direction the world has shifted and that electronic scarcity (aiken to BTC) is a new form of value that the newer generation has completely bought into.
He sees it as a chance to get in on the ground level of something that could be absolutely HUGE in 10 years or less.
I think he said he invested about $10,000 in a ton of these NBA Top Shot things. Which killed him because as a product of the 80s he used to collect baseball cards which are of course a physical thing
But his layman explanation was that this is the direction the world has shifted and that electronic scarcity (aiken to BTC) is a new form of value that the newer generation has completely bought into.
He sees it as a chance to get in on the ground level of something that could be absolutely HUGE in 10 years or less.
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GroveDiesel
Footballguy
I guess they only create a finite amount of each moment. Like for instance, if it happened today you could buy "Jordan's last shot in the NBA Finals" which only 10,000 versions of this file exist.GroveDiesel said:
The cool thing is, I guess you can plug this into your Occulus and watch the moment as if you were court side.
Is that correct?
fruity pebbles
Footballguy
Feel like there’s a future in something like this but this isn’t it. Maybe this will morph into that but as it currently stands it’s hard to see the value placed on them right now. 99% of the people involved are trying to turn a quick profit, not really seeing it as a collectible. Needs to be more proprietary IMO. Something that’s unique to the actual item you’re buying. Some of the “moments” aren’t even good. They wouldn’t even make the nightly sports center best plays.
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Westerberg
Footballguy
So how do I buy one of these things? They're always sold out.
Leeroy Jenkins
Footballguy
GroveDiesel
Footballguy
Well, kinda. But I can watch the exact same video clip of that “moment” for free all over the internet. There are literally exact copies of them. Even with trading cards there’s at least a very specific item that only one person can legitimately hold at one time. Sure, I can look at a picture of it online, but I can’t actually hold the card. And the value of cards is based quite a bit on nostalgia.
The whole thing just seems nonsensical to me. But I guess, like any collectible, it will have value if people decide it has value. A photograph laminated onto a piece of cardboard selling for thousands of dollars doesn’t make a lot of sense to me either, so I guess I’m the one that may be the odd man out.
Leeroy Jenkins
Footballguy
Oh wait. So more than one person can "own" the exact same highlight, but with a different serial number? Will all of this video be eventually taken down by the NBA from youtube and other free sites in order to make these actually have some scarcity value?
Nathan R. Jessep
Footballguy
GroveDiesel
Footballguy
That’s the only thing that would really make sense to me. But they would be fools to do that IMO.
Nathan R. Jessep
Footballguy
I actually signed up for the beta a long time ago, but didn't ever try to purchase anything when I got the notices
But yeah, in regards to the bolded above, it's no different than the serial numbered inserts they put in card packs these days. The lower the bottom number, the higher the value usually. And if you can get the #1 or the last # in the series, or the player's jersey number, then you've got yourself a premium in most cases. Just wait till they come out with the 1/1's (or maybe they already have some?).
fruity pebbles
Footballguy
Capella
Footballguy
Exactly. Maybe if this was something taken from like a camera on the player’s jersey or something and it wasn’t released to the public - you basically are the only one with the clip - I could see that being highly valuable. These are just clips people can find on YouTube.
This just screams hustlers and redditers trying to get rich. Somebody will be left with the bag.
fruity pebbles
Footballguy
Be one thing if they were a fun little thing selling for sub 100 bucks but some of the original ones are north of a 100 grand. Not sure if they have actually sold for that or if the markets manipulated to make them look more valuable than they are. I know it’s nearly impossible to cash out right now.
Nathan R. Jessep
Footballguy
It's not the video that matters. These are just electronic trading cards, simply put. There are several digital card products (Panini has one, Topps has/had eTopps, etc.) This one just happens to be NBA-focused and it happens to be videos and it happens to be on blockchain.
Nathan R. Jessep
Footballguy
From just buying packs and selling your "pulls" or did you flip moments that you bought on the marketplace?Deposited $100 last month.
Have about $400 in cash and $2300 in moments sitting in there currently.
Worm
slimy ninja
Both.
Sold a couple bigger moments for maybe $300 total and invested that into a bunch of others at a lower price. Buying at $5-$30 and are worth $20-$100.
My current biggest holding is one I got from a pack however - an Anthony Davis that is about $250, but was as high as the $400's when I posted two days ago.
FreeBaGeL
Footballguy
Can't believe there was a thread for this and I didn't see it.
I got in on this a few weeks ago. Was early in the queue for one of the holo packs (cost $999) but they had that glitch where people could circumvent the queue so I didn't get one even though I was early enough in line. That hurt because the contents of those packs are worth a minimum of $5k now.
Got a Cool Cats pack and was going to complete the challenge for the AD last week. Slept on it overnight and prices tripled. Damn.
One of my buddies got in REAL early and dropped a couple grand into it and his account is worth over $100k now.
This thing may be a giant bubble, but it may also have some legs. Like most I got into it just to flip for a quick profit. But it's become addicting and now I genuinely want some of these "cards". Similar to when I collected trading cards as a kid. A lot of my friends feel the same way. We all thought it was the stupidest thing ever when we heard about, but sure if internet cards want to give us some money we'll jump in. But now it's actually fun.
I got in on this a few weeks ago. Was early in the queue for one of the holo packs (cost $999) but they had that glitch where people could circumvent the queue so I didn't get one even though I was early enough in line. That hurt because the contents of those packs are worth a minimum of $5k now.
Got a Cool Cats pack and was going to complete the challenge for the AD last week. Slept on it overnight and prices tripled. Damn.
One of my buddies got in REAL early and dropped a couple grand into it and his account is worth over $100k now.
This thing may be a giant bubble, but it may also have some legs. Like most I got into it just to flip for a quick profit. But it's become addicting and now I genuinely want some of these "cards". Similar to when I collected trading cards as a kid. A lot of my friends feel the same way. We all thought it was the stupidest thing ever when we heard about, but sure if internet cards want to give us some money we'll jump in. But now it's actually fun.
FreeBaGeL
Footballguy
I just googled Jordan Rookie Card and 6 million results came up. I have 1000 sheets of paper sitting in my printer and I can print out 1000 copies of it. I can even tape them to a piece of cardboard.
They only release a certain amount of each top shots moment. Some are 1k. Some are 15k. With more people getting involved new moments will likely be even larger runs, which will probably make those early smaller runs even more valuable.
Some cards can only be generated via dated challenges so are never available in packs, and there could be as few as 10 of them.
Yes, you can go watch it on youtube instead, but the actual collectible piece with a trading marketplace only has a limited number created. Just like I can go print out a jordan rookie card picture instead but there are only a limited number of the actual collectible piece that has a trading marketplace.
fruity pebbles
Footballguy
But isn’t this the equivalent of the copy of that Jordan card vs being the original?
FreeBaGeL
Footballguy
Not sure I'm understanding the question.
There are multiple legitimate copies of the Jordan rookie card. The official one that can be traded. Then there are also unlimited number of fake copies I can make by clicking the print button on my printer.
fruity pebbles
Footballguy
You can tell the difference between the original Jordan card and a reproduction, they aren’t exactly the same. The videos, no matter where, are the exact same thing. Only difference is Top Shot packaged and numbered them in a certain way. The same highlight is even seen across multiple “moments”. Personally think there needs to be something proprietary to it for it to have long standing value. Just can’t see anyone caring about a mediocre highlight a few years from now. JMO.
FreeBaGeL
Footballguy
You can get the exact same picture from Jordan's rookie card on google. You can even print it out the same size. The only difference is what they put on the border.
Topshots does the same thing. They even do different borders and different animations into the highlight depending on the type of card (common, gold, holo, etc).
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Peyton Marino
Footballguy
another stress test (5k packs) dropping in 4 minutes
Binky The Doormat
Footballguy
crazy ...
@darrenrovell
In the last 72 hours @pranksyNFT has bought these two cryptopunks for a total of 600 ETH, which, as of this moment, is $996,000.
https://twitter.com/darrenrovell/status/1364623993865650177
@darrenrovell
In the last 72 hours @pranksyNFT has bought these two cryptopunks for a total of 600 ETH, which, as of this moment, is $996,000.
https://twitter.com/darrenrovell/status/1364623993865650177
Otis
Footballguy
It’s actually exactly the same thing. I could google the picture on the Jordan rookie card. Hell I could Google pictures of the card itself, and print one out in color. The card is a stupid piece of paper in reality, but it’s worth something because collectors collect.
This is no different in that sense. Except here they are in limited quantities and with individual serial numbers. I don’t think my baseball cards ever were serial numbered.
And this has a crypto and blockchain twist, so a new generation of folks find it interesting.
In the end I agree it’s totally stupid, but it’s no less stupid than a baseball card having value. Or hell, crypto having value for that matter. It’s all just made up stuff that people place value on for a variety of reasons.
Otis
Footballguy
Otis
Footballguy
I saw this cryptopunks thing yesterday and it blew my mind. They’re smilies. but they’re realllllly limited edition smilies.....
Otis
Footballguy
I believe so, because you only have 5 mins to purchase if you get selected. They’re Dapper bucks or somesuch nonsense.
SpurrierisisGod
Footballguy
Peyton Marino
Footballguy
the website is ###
Nathan R. Jessep
Footballguy
They're getting hammered today because they had a special run of packs coming out ($99 limited runs). They stated there was bot activity affecting the server so they postponed till at least tomorrow (Friday) morning.
facook
Footballguy
I will be hugely skeptical until someone cashes out successfully and we hear about it.
But the FOMO is very real, which is in my opinion is driving this value skyrocket in the same way it has with BTC recently.
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