Quick Answer: Does NBA Top Shot use real money?

How does NBA Top Shot make money?

At the very top of it all, profits from NBA Top Shot come from pack sales, where 100% of all money spent is revenue, and from the marketplace, where a 5% fee is taken from each exchange. If you sell a moment for $1,000, you pocket $950 while the other $50 goes to Dapper and its partners.

Can you cash out on NBA Top Shot?

Rest assured, the money in your NBA Top Shot account is yours and we will get it to you as soon as possible. NBA Top Shot currently offers two options for withdrawal: Withdrawing your Dapper Balance to a bank account.

How much do NBA Top Shot packs cost?

Packs

  • Starter Pack. USD $9.00.
  • Locker Pack. Release 6. 4 Trade Tickets.
  • Archive Set. Release 1. USD $19.00.
  • Base Set. Series 3 | Release 4. USD $9.00.

Does the NBA own NBA Top Shot?

In a joint venture that began in July of 2019 between the National Basketball Association, the NBA Players Association and Dapper Labs have come together to create NBA Top Shot, a “revolutionary new experience in which jaw-dropping plays and unforgettable highlights become collectibles that you can own forever,” per …

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Why are top shots valuable?

Highly Coveted. Rare Moments on Top Shot are designed to be hard to come by. They often feature historic plays from NBA legends, and to get one, you’ll have to get lucky: the overwhelming demand for Rare packs leaves a lot of collectors out of luck.

What does Le mean on Top Shot?

There is a limit of two Base Set Moments per player.

As far as Edition Sizes go, we will have a two-pronged approach for LE and CC+. LE stands for Limited Edition and means that the count will not grow in the future. CC+ means Circulating Count and refers to collectibles which may have more minted in the future.

How long does withdrawal take NBA Top Shot?

On its website, Dapper Labs says that “most withdrawals are processed within 21 days but others may take 40 days or more.” In practice, the amount of time varies wildly from customer to customer. Some customers are receiving withdrawal payments in days, while others have been waiting for much longer.

What Blockchain is NBA top shot on?

The startup has built its own blockchain, called Flow, sidestepping the popular Ethereum blockchain, which the vast majority of successful NFT platforms live on today.

How old do you have to be to use NBA Top Shot?

NBA Top Shot is a platform for collectors 18 and older. Minors are not allowed to own an account on NBA Top Shot. If you are under 18, we cannot offer you an NBA Top Shot account.

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How do you buy NBA Top Shot?

You can either buy singular Top Shots on the secondary marketplace or purchase card packs from NBA Top Shots directly. Currently, all card packs are sold out and often sell out extremely quickly after the release. NBA Top Shot has 2 types of card packs: a base set and a Rising Stars pack.

Is Top shot an NFT?

NBA Top Shot: A New Way to Ball

NBA Top Shot is a joint digital collectibles venture between the National Basketball Association (NBA) and Dapper Labs, the latter of which released the pioneering NFT CryptoKitties platform in 2017.

Who makes NBA Top Shot?

Dapper Labs’ non-fungible token (NFT) platform NBA Top Shot has notched over $700 million in total sales in less than a year, according to CEO Roham Gharegozlou.

Who created NBA Top Shot?

Dapper Labs, creator of NBA Top Shot, gets $305 million in funding.