1 Year Review: Where Do NBA Top Shots Fit into the Larger NFT Ecosystem Now? | HackerNoon

1/16/2022 4:00:00 PM

'1 Year Review: Where NBA Top Shot Fit into the Larger NFT Ecosystem Now?' by @EswarVinnakota #nba #nft

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'1 Year Review: Where NBA Top Shot Fit into the Larger NFT Ecosystem Now?' by EswarVinnakota nba nft

A review of NBA Top Shot 1 year after their release, where they stand in the NFT Economy, and whether or not using Flow was the right choice.

BoredApesBecause of that, I wanted to take a moment to return back to that original piece that I wrote a year ago and follow up with where Top Shot is today, their place in the larger NFT ecosystem, and whetherEthereumThere's no way around it, Top Shot has never again reached those incredible heights of early 2021, and don't look like they ever will. But, they have settled into a reasonable niche and seemed to have built a steady community.

As I was writing this article, I had a conversation with a friend that still believes that Top Shot doesn’t have the same intrinsic scarcity value that a BoredApe or a CryptoPunk do because they are, essentially, replays that anyone can find on YouTube.

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NBA Top Shops - Where NFTs Meet Branding .Author: Publish date: Jan 14, 2022 The NBA is more or less at its halfway point of the regular season, with most teams having played somewhere close to 41 games, give or take a few postponements.By Michael Shapiro What you got for me?" Gray asked.though he may be the most fun to watch on a nightly basis.

It was one of my earliest forays into writing about crypto, my first proverbial toe in the water. A lot has changed since then. Here’s who I would send home with what hardware if the season ended today… Rookie of the Year: Evan Mobley This is probably the easiest choice of all. NFTs have absolutely boomed.. They've created an entire industry, seen a summer, a winter, and then another summer.9 points, 8. Projects and collections with no brand affiliations (unlike Top Shot) have taken off, while others like BoredApes CryptoPunks have created affiliations all by themselves.6% from three in his last nine games, and the 19-year-old is beginning to experiment with off-the-dribble triples.

Because of that, I wanted to take a moment to return back to that original piece that I wrote a year ago and follow up with where Top Shot is today, their place in the larger NFT ecosystem, and whether Dapper Labs choice to launch NBA Top Shot on Flow rather than on Ethereum was the right choice.7 assists a night for the Cavaliers, who have been the most pleasant surprise of the first half. like Wilt Chamberlain, like I didn’t see Wilt Chamberlain play. What Does NBA Top Shot Look Like Today? There's no way around it, Top Shot has never again reached those incredible heights of early 2021, and don't look like they ever will. But, they have settled into a reasonable niche and seemed to have built a steady community. His counting stats don’t leap off the page (he’s fourth in scoring and eighth in assists among rookies, though first in rebounds. The important part is that they haven't died out. Magic [Johnson] and Steph [Curry]. There's a steady user base here with at least 500,000 sales per month and somewhere around 45,000-60,000 unique buyers per month. Mobley has assuaged concerns about any awkward fit with Allen and fellow forward Lauri Markannen, as his defensive versatility allows him to be unleashed on just about any player in the NBA. Jones has tallied double-digit scoring nights in eight of his last nine contests (including a 26-point outburst against the Cavaliers), shooting 51.

There's a community here that they've built that's bought into owning a digital collectible. In size and scope, it feels similar to the community that invests in physical trading cards. The fact that people around the league freely compare him to Kevin Garnett is completely wild. More NBA Coverage:. It's not flashy, but steady and settled business. Where Top Shot Fit into the Larger NFT Ecosystem As I was writing this article, I had a conversation with a friend that still believes that Top Shot doesn’t have the same intrinsic scarcity value that a BoredApe or a CryptoPunk do because they are, essentially, replays that anyone can find on YouTube. Mobley has been so good so early in his career, don’t be surprised if Rookie of the Year isn’t the only accolade he earns at the end of the season. But, that’s where I think Top Shot sort of exists outside of the usual NFT ecosystem.   Don't look now, but the Pelicans are 8–5 in their last 13 and firmly competition for the final play-in spot.

They’re really appealing to a different audience slightly on the outside of the traditional NFT audience. Coach of the Year: Taylor Jenkins This is a really competitive field. They come in with the added advantage of an existing brand, as well as an existing ecosystem for trading and using the NFTs that you purchase. It honestly makes far more sense to consider Top Shot to be a sort of GameFi system with NFTs involved. Donovan has the Bulls in first place in the East , ahead of stalwarts like the Nets and Bucks. This self-contained ecosystem is also significantly easier to access. You can log onto NBA Top Shot right now and buy a top shot with nothing but a credit card. For now, I’ll go with Jenkins, who has guided the Grizzlies to third place in the West.3 net rating, No.

Compared to buying Ethereum, adding it to a wallet, and then using OpenSea to find the right NFT and purchase, this is far more straightforward. This isn’t necessarily a bad thing per se but shows that the two spaces are somewhat disconnected and can survive without the other. The Grizzlies are well ahead of schedule, and Jenkins deserves recognition for helming a squad that can hang with all the veteran-laden contenders on any given night. Was Dapper Right Not to Use Ethereum? Dapper Labs, the creator of NBA Top Shot, previously released other games and collections like CryptoKitties on Ethereum. Top Shot was the first product they released on their native chain Flow. The former Michigan State standout is averaging career bests in points, rebounds, assists, blocks, steals, and free throw attempts, which I’m told are important categories for a basketball player. I talked about Flow’s asynchronous approach to consensus in my earlier article, so I’m not going to really dig deep into it now. It will take a year or two for Green’s efficiency to level out.

If you’re interested, feel free to read that article here, or go through the original Flow documentation here. He can thrive as a ball handler or screener in pick-and-rolls, hit just enough threes to space the floor, and wreak havoc on defenses as a cutter off the ball, all while picking up tough defensive assignments on other end of the floor. To bear honest, the consensus mechanism doesn’t really matter here in this decision. The NFT boom this past summer has seen a spike in Ethereum Gas prices.6 points, 7. Blockspace has become a prized commodity with the increase in traffic, and confirming transactions now comes at a solid cost. I’ve been desperate to find hard numbers to back up this claim, but from what I can see scrolling through the transactions, a number of the top shots sold are in the $10-$100 range.6 assists per game. Yurtseven is Miami’s latest success story.

This is incredibly important because this is a price point that isn’t selling all that well in Layer 1 Ethereum. Paying $40-50 in gas for a $30 NFT just doesn’t make sense! But Flow, having a far more open network with NBA Top Shot being their primary user, means that transaction prices aren’t nearly as high. Playing alongside ball dominant guards like Terry Rozier or LaMelo Ball means Bridges doesn’t have to take on a huge playmaking burden, yet he’s proved to be successful as a decision maker with the ball in his hands. For this reason alone, I think using their own native blockchain for Top Shot makes mountains of sense. The second, less prominent reason is that launching on their own network allows Top Shot to control the end-to-end buying experience of NBA Top Shot users. DeJounte Murray and Jordan Poole are among those with good arguments, and they could get stronger if Bridges can’t find consistency with his outside shot. This makes this experience far more friendly for those who aren’t already plugged into the NFT ecosystem. He sports a plus-10.

Conclusion I concluded my earlier article with the question, “Will these top shots hold their value?” The answer is yes! The NBA has created a robust and deep community around these top shots and convinced a new generation of collectors that these have inherent value.) Sixth Man of the Year: Tyler Herro Herro is a shoo-in for this award, and possibly even has a fringe All-Star case in the East. That’s an incredible achievement, even if this is as large as the community ever gets. Thanks for reading! If you like what you read, I write shorter articles weekly about crypto, DeFi, and Web3.7 points a night, while shooting a blistering 38. Come check out my and give it a follow. New articles in your inbox at 6 AM on Mondays. In fact, if you would like to hear one of those annoying, highly specific stats, Herro is one of only three players averaging at least 20 points, five rebounds, and four assists a night, while also shooting at least 38 percent from three on no less than six attempts a game. Thomas attacked a close-out off a Kevin Durant pass in the final seconds of overtime against San Antonio, waltzing into the lane before draining a floater from just inside the foul line.

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