Try Quests to earn FLOWWhat makes a Top Shots moment valuable? (Part II)
Introduction
What are NBA Top Shot Moments?
Moments are video highlights that are separated into four categories: Common Moments, Fandom Moments, Rare Moments, and Legendary Moments. There is also an Ultimate rarity, but this class of highly coveted Moments is only attainable via auction with an edition size of one or three. Here’s a breakdown of how each works:
- Common: 96.6% of total moments. These are the largest edition sizes and are intended to be “shared, collective experiences for fans across the world.” They are easy to get and widely available. For example, there is Carmelo Anthony’s three-pointer. There are 40,000 NFT Moments in circulation.
- Fandom: There’s no set percentage for Fandom NFTs in Top Shots, a these are based on special experiences that correlate with specific events. For example, you may be able to buy a Moment at a real-life game that’s of significance. For example, there is Killian Hayes Assist. There were 2,776 NFTs of that Moment created, and they were made available exclusively to fans who were at the arena.
- Rare: 2.25% of total moments. Rare Moments on Top Shot are more exclusive and difficult to acquire. Typically, they feature historic plays from NBA legends. For example, there are 750 Moments of Trae Young’s shoulder shimmy three-pointer in circulation.
- Legendary: .11% of total moments. These Top Shot moments are extremely rare and difficult to acquire. For example, there are 120 Moments of Giannis Antetokounmpo’s block in the NBA Finals.
analysis
Description
The moments in the game types can be defined as the number of different NFTs, these NFTs are mostly videos.
It can be seen that the rim game type has just under double that of the 3 pointer game type which is second in position. With this we can give ourselves the idea that it is the most distributed type of game in the marketplace.There is a very noticeable decline in sales and volume since mid April. This corresponds with the NBA playoffs and season wrapping up and people not being as interested in the NBA. There has been a recent small surge starting around late June which is likely linked to the recent growth in the Crypto market as a whole. I would anticipate an increase in sales and volume as the NBA seasons begins.
Methodology
> SELECT PLAY_TYPE, round(count(DISTINCT MOMENT_DESCRIPTION),0) as moments,count(distinct(TX_ID)) as sales, sum(price) as volume, count(distinct(BUYER)) as users, max(PRICE) as max_price, min(PRICE) as min_price FROM flow.core.fact_nft_sales JOIN flow.core.dim_topshot_metadata USING (NFT_ID) WHERE MARKETPLACE='A.c1e4f4f4c4257510.TopShotMarketV3' AND NFT_COLLECTION in ('A.0b2a3299cc857e29.TopShot') group by PLAY_TYPE
Flow is a fast, decentralized blockchain that enhances the development of decentralized applications and NFTs. Like other blockchains, Flow has its own native currency, known as FLOW. FLOW is the reserve asset used to pay transaction costs and staking on the network.
The NBA’s Top Shot product is a blockchain-based virtual trading card platform. It was born out of a partnership between the NBA, the NBA Players Association, and Dapper Labs. The platform runs on the FLOW blockchain, which was created by Dapper Labs to be a “developer-friendly blockchain built to support the next generation of games, apps, and digital assets.” NBA Top Shot is an online marketplace where you can buy and sell NFTs that represent the most iconic in-game highlights of several NBA players.
Conclusions
The main type play circulating in the TopShot marketplace is Rim, so it is to be expected that it will be the one with the highest volume and sales within the platform, although in addition to that it also has the nft with an average price higher than that of the others categories.
For the value of the price, it is enough to watch the video corresponding to the NFT and ask yourself if it is attractive or not for the users, the more attractive the users may pay the more./
Description
It also makes sense that the 3-pointer bin reigns as the Play-Type with the both the highest average and max price. Its overall volume is far lower than that of the Rim Play-Type, leaving fewer NFTs to drag down the average price, and seeing as a clean 3 pointer is one of the most satisfying clips to watch, it makes sense that this Play-Type would also have the highest maximum price.
Here is a quick breakdown of a couple other bins that circulating NFTs can be grouped into. Both graphs show relatively simple things. The first graph shows that far more NFTs have been minted out of clips from 2019-2022 than any other era. This makes sense, obviously, because the players and teams that most NFT traders, buyers, and sellers commonly follow and have a general interest in are from the modern era. The second graph corroborates this, as the players with the most mints are all players in the modern day NBA.
Analyzer
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