For LeBron James’s birthday, NFT trader Pranksy has‘decided to double down’ on NBA Top Shot, the blockchain-based digital trading card game that has recently been making a lot of money for investors.
Pranksy put his money to work by spending 140 ETH (then $105k; now $107k) on 6,272 “moments” on nba_topshot and more than 50+ “#1 serials”. “Volume has been picking up for weeks so I decided to double down!” he tweeted with jubilance.
NBA Top Shot, Pranksy’s latest investment, is the creation of Vancouver based Dapper Labs and is officially licensed by the NBA. The NFTs are a form of digital scarcity capturing the best plays from NBA’s recent history, referred to by the community as 'Moments.' Each card comes with stats and a video highlight.
Much like a regular trading card game, NBA Top Shot Moments are launched in sets with limited runs. Its growing popularity has recently incentivized NBA Top Shot to enable collectors tohold unopened packs for trading.
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NBA Top Shot tokens were the first product to launch on Dapper Labs’sFlow blockchain. Flow was conceived by the team responsible for the enormously popular CryptoKitties. To date, over $5 million dollars has been traded through NBA Top Shot since opening to the public.
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