NBA Top Shot Releases New Team Leaderboards

NBA Top Shot Releases New Team Leaderboards

NBA Top Shot recently released its newest feature: NBA Team Leaderboards.

NBA Team Leaderboards allow collectors to lock up their Moments for one year to help them climb up the ranks and earn rewards. The NBA Top Shot team hopes this will create a new level of scarcity for collectors' Moments.

According to recent NBA Top Shot data, 64 percent of all Moments in the ecosystem have never been listed for sale, and as of today, less than four percent of all Moments are listed for sale (1.35 million Moments).

To earn points, collectors must lock up their Moments, which cannot then be sold, gifted, withdrawn, traded-in for tickets, or burned for the duration of the lock (one year). Locked Moments can still be used in challenges.

Points are assigned based on the Moments' corresponding Top Shot score, where one Top Shot point equals one point on all matching leaderboards. 

"Exclusive and ground-breaking rewards" will be airdropped throughout the season to leaderboard leaders, according to the team.

For now, locking is only available for teams, but individual player locking is coming soon, and points will be tied to on-the-court performance.

To learn more, visit NBA Top Shot's blog post here.

More about NBA Top Shot

NBA Top Shot is the first officially-licensed sports collectible NFT project. Launched on Dapper Labs’ Flow blockchain, Top Shot allows for the collecting and trading of NBA highlights, packaged as “moments.” Similar to physical trading cards, these moments can be bought in packs and come in different sets with different rarity tiers. By collecting moments and completing sets, users help build their “collector score.” Achieving a certain collector score may make you eligible for special access pack drops and other utility not yet explored. 

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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