Enthusiasts have been vying to get their hands on a range of NFTs that vary from common to legendary, featuring legends including LeBron James and Shaquille O’Neal.
NBA Top Shot has seen sales volumes surge by 144% in the past seven days, data from CryptoSlam! reveals.
A total of 34,197 buyers and 320,293 transactions have been confirmed in the marketplace over this period, meaning the collection is No. 7 in terms of sales.
The rise in demand has been linked to the release of retro digital collectibles, celebrating iconic moments in basketball’s history from 15 years ago.
Data released by NBA Top Shot revealed that it saw seven purchases a minute throughout Saturday, with 9,921 purchases of its Run It Back 2005-06 Moment collection.
Enthusiasts have been vying to get their hands on a range of NFTs that vary from common to legendary, featuring legends including LeBron James and Shaquille O’Neal.
Some of the moments featuring both these players are now changing hands for thousands of dollars.
Business is Booming
The success of this latest release suggests NBA Top Shot, powered by Dapper Labs, is sitting on a cash cow as it delves into the archives and tokenizes memorable moments from seasons that took place decades ago.
It could also bode well for Dapper Labs as it prepares to launch a marketplace for the National Football League, which is due to arrive before the conclusion of the current season next February.
Last week, it was announced that NBA star Kevin Durant has entered into a partnership with Dapper Labs to promote the NFT platform — a deal that could introduce crypto collectibles to a wider audience. He said:
“Top Shot is the future for basketball fans, bringing them closer to players and building community across the sport in new and innovative ways.”
