Latest NBA Top Shot News
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.
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.
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
🕳️Go Deeper
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
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.
LeBron James broke the NBA's all-time scoring record, previously held by Kareem Abdul-Jabbar, last night, and NBA Top Shot is marking the occasion with an exclusive, commemorative Moment.
❗ Why it Matters
Top Shot will mint 99 Legendary tier Moments to celebrate LeBron's new record. The Moments will be distributed through both competitions and pack drops.
🔎 The Deets
- This commemorative Moment will serve as the first in a LeBron James Anthology Collection which will unfold over the next several years.
- The top 25 Lebron collectors on NBA Top Shot will be airdropped the Moment. Find a list of eligible collectors here.
- Aspiring LeBron collectors can dethrone one of the existing top 25 users by February 16.
- The remainder of the 99-count supply will be inserted into single-Moment Hot Packs costing $9.
⚡ Take Action
- Top Shot has also launched several new Challenges around LeBron's record. Enter them here for your chance to win a share of $38,388 in credits that Dapper Labs will be giving away.
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
- Read the full announcement here.
