Latest NBA Top Shot News

Free Top Shot Merch
Lennster

NBA Top Shot announced that it has teamed up with HOMAGE to create a debut t-shirt, available for free to 2,500 collectors. 

❗Why It Matters

It's been a while since Top Shot has garnered enthusiasm or positive headlines....but everyone loves free merch. Any Top Shot user can enter the drawing for free, with shipments available to both the United States and Canada. It's a small announcement, but at least Top Shot isn't making anyone pay for the t-shirt. 

🔎 The Deets

  • Must sign up before 1:00 p.m. ET on Monday, Apr. 3.
  • 2,500 winners will be selected from the pool for a free t-shirt. 
  • The shirt is designed after the Top Shot Debut badge. 

🎬 Take Action

Users with an NBA Top Shot account can sign up for the raffle with this form.

🧠 Learn More.

 

Free Top Shot Merch
NBA Top Shot Deep Dives on Challenges
Logan Hitchcock

NBA Top Shot released the first volume of the Challenge Blog, providing an update on the platform's Challenge goals and strategies, as well as information on the new Set Rewards for The Challenge Sets.

The Deets

Here are some key details from the lengthy post:

  • NBA Top Shot aims to provide accessible, rewarding, and fun Challenges for all collectors, while keeping the focus on NBA action.
  • The Challenge Sets have new Set Rewards for those who complete and lock them. Deadline is Apr. 14 at 4:00 p.m. ET. 
  • The Challenge: Champion Set Rewards include a custom Top Shot jersey, a Holo Icon Pack, a Run It Back 1986-87 Pack, and a Premium Pack.
  • The Challenge Sets can still have Moments added to them through the end of the NBA regular season.

❗Why It Matters

Challenges are a critical part of Top Shot's ecosystem as it offers users an exclusive way to earn rewards, and keeps them actively engaged on the platform. The Challenge Blog provides a behind the scenes look at Challenges, and provides insights into NBA Top Shot's ongoing efforts to engage collectors. Sentiment around Top Shot and Dapper Labs has been trending down lately, but increasing transparency and rewards might help provide some short-term pain relief. 

📊 By the Numbers

  • Collectors locked 66,734 new Moments in 38 Moment Reward Challenges that required some form of locking.
  • 42.4% of all Moments locked in those Challenges were newly locked.
  • Collectors burned a total of 317,270 Moments in full-season Challenges so far.

 

NBA Top Shot Deep Dives on Challenges
Dapper Labs Removes ACH Withdrawal Option
Bill Monighetti

Dapper Labs, the company behind NBA Top Shot, has announced the removal of its ACH withdrawal option, citing Circle's decision to stop supporting it.

❗ Why It Matters

Circle is looking for new banking partners as Silvergate Bank's future in the space looks uncertain. Circle has said it will be continuing with "regular operations" as it looks for new partners.

🔍 The Deets

Dapper will continue to support withdrawals using wire transfers and $USDC transactions in the meantime.

🎤 Founder Feedback


We are communicating with customers and have taken steps to ensure access to customer funds via alternative payment and redemption channelsCircle

Dapper Labs Removes ACH Withdrawal Option
Dapper Labs Motion to Dismiss Denied
Logan Hitchcock

A federal judge has denied Dapper Labs motion to dismiss a class action complaint that NBA Top Shot Moments are securities, according to a reports from tier10k and IP lawyer Jeremy Goldman

❗Why It Matters

It's important to distinguish that this motion does not mean that Moments are deemed securities, but instead that the federal court judge will not dismiss the case entirely and it will proceed for the time being. Regulatory scrutiny is always a looming concern for cryptocurrencies and NFTs, and if Moments were to be deemed securities, it would dramatically shake up web3's present and future. 

The Deets

A snippet from the court doc, pulled courtesy of Jeremy Goldman: 

"In the most general terms, the Court is asked to assess whether Moments are more like cardboard basketball cards, i.e., commodities, or more like crypto tokens. As the ICO Cases reveal, tokens offered as part of ICOs often bear the hallmarks of a security..."

🎤 Community Quotes


So far from the truth dude please don't shill salacious headlines. The motion to dismiss was denied, the case is literally only just starting. Literally plaintiffs just pleaded the BEAR [sic] MINIMUM to keep the case going forward. No evidence was even discovered or brought to court yet.Mr. Lawyer

Dapper Labs Motion to Dismiss Denied
Top Shot Opens Waitlist
Lennster

NBA Top Shot opened up the waitlist for its mobile app and gave a deeper look into the features the app will provide via its new post.

❗Why It Matters

The mobile app will allow easier onboarding and provide the current community with an easier, faster way to interact with collections, purchase new drops directly from the app, and stay up to date on everything in the ecosystem. 

The Deets

The app will have most of key features you've come to expect from Top Shot, including:

  • Your Collection: Your Top Shot Moments get a boost with 3D interactivity and more. 
  • Home Feed: Be updated on the latest pack drops and challenges. 
  • Starter Packs: Buy packs direct from app. 

🎬 Take Action

While members of communities like Nine Lives Lounge, Dapper Sports VIP Program, and Team Captains Communities were given earlier access, now the public can also join the waitlist as well via this link.

 

Top Shot Opens Waitlist
NBA Top Shot Goes International
Bill Monighetti

The NBA will be hosting a game in Paris tomorrow between the Bulls and Pistons, and NBA Top Shot will be activating a unique fan experience around the event by making "first-of-their-kind" commemorative ticket collectibles available for free to all fans who attend the Bulls-Pistons game in Paris.

❗ Why it Matters

Event ticketing has often been referenced as a use case for NFT technology. This will be Dapper Labs' first foray into the area.

🎟️ In-Person Activations

  • The special edition digital collectible offered to attendees won't be considered a Top Shot Moment, but will be "awesome and first of its kind."
  • Before the game, Dapper Labs will host an "intimate private event" for its VIP community.
  • On January 20, Top Shot will host an event featuring special guest and former Chicago Bulls player Joakim Noah.
  • At the Noah engagement, collectors will be able to purchase "The Tour" packs for $49 that feature Noah's Top Shot Debut Moment.

💻 Online Activations

For NBA Top Shot collectors who can't make the trip to Paris, there will be a series of fun surprises to help them join in on the celebration from home.

  • Collectors can earn a Limited Edition Moment by locking two Moments featuring French NBA or WNBA players and/or players who meet certain thresholds in the Bulls-Pistons game.
  • Dapper will drop NBA Top Shot Tour Souvenir Packs, which will be available in late January .
  • These Souvenir packs feature a Team Moment of the home team from one of the 4 stops on the Top Shot Tour (Portland, Toronto, Miami, Detroit).

🕳️ Go Deeper

NBA Top Shot Goes International
NBA Top Shot Outlines Set Rewards Ahead of January 5 Deadline
Bill Monighetti

Starting in the first half of 2023, Top Shot will be dishing out guaranteed Set Rewards Packages to collectors who own and lock complete sets from Series 1, 2, and 3.  If you own a complete set from these series and lock all the Moments in that set before the deadline of January 5, 2023 at 5pm ET, you'll receive a guaranteed package of rewards.

Now, any Series 1, 2, or 3 set can be locked for rewards and every set from these series is eligible. If you happen to own duplicates of a set, you can even lock it up to 2X.  It's important to note that locking Series 4 sets will not make you eligible to earn Set Rewards at this time. If you miss the January 5 deadline, you won't have the opportunity to earn Set Rewards via locking again until the next deadline on May 30, 2023 at 5:00 PM ET.

As far as the rewards, prizes will be awarded as follows:

  • For each completed and locked NBA Legendary Set, you'll receive 1 Legendary Top Shot 50 Pack, 3 Rare Metallic Gold LE Packs, and priority access to at least 2 Legendary and 2 Rare pack drops during Series 4.
  • If you lock a completed NBA Metallic Gold LE Set, you'll receive 3 Rare Metallic Gold LE packs and priority access to at least 1 Rare pack drop during Series 4.
  • If you lock a completed NBA Rare Set from Series 1, 2, or 3 (excluding Metallic Gold LE), Cool Cats, Metallic Silver FE, or Base Set, you'll earn 1 Rare Pack, 2 Boosted Hot Packs, and priority access to at least 1 Limited Edition pack drop during Series 4.
  • For any other completed Common NBA Set or Vintage Vibes Set, you'll earn 2 Boosted Hot Packs and priority access to at least 1 pack drop in Series 4.
NBA Top Shot Outlines Set Rewards Ahead of January 5 Deadline

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